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Asian ADRs Move Lower in Monday Trading


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American depository receipts of Asian stocks were trading 0.54% lower at 151.50 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by fabless semiconductor company Himax Technologies ( HIMX ), and power components maker O2Micro International ( OIIM ), which rose 3% and 2.2% respectively. They were followed by IT company ChinaCache ( CCIH ), higher 1.8%, and China Digital TV Holding ( STV ), a provider of conditional access ( CA ) systems to China, up 1.5%.

The decliners in North Asia were led by Kingtone Wirelessinfo Solution (KONE), a developer of mobile enterprise solutions, and KB Financial Group (KB), a Korean financial holding company, which fell 2.9% and 2.7% respectively. They were followed by airline operator China Southern Airlines (ZNH), off 2.1%, and solar equipment maker JinkoSolar (JKS), down 2%.

In South Asia, the gainers were led by WNS Holdings (WNS), a provider of business process management services, and Philippines telecommunications company PLDT (PHI), which were up 0.7% and 0.1%, respectively. HDFC Bank HDB edged 0.01% higher.

ICICI Bank (IBN) led the decliners in South Asia, falling 1.1%, followed by automaker Tata Motors (TTM), which moved 0.8% lower. Natural resources company Vedanta (VEDL) and Indonesian telecommunications company Telekomunikasi Indonesia (TLK) dropped 0.8% and 0.7% respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: HIMX , OIIM , CCIH , CA



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