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.

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

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