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Asian ADRs Move Lower in Monday Trading


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American depositary receipts of Asian stocks were trading 2.23% lower at 174.84 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by consumer lending company Hexindai ( HX ), and financial services firm KB Financial Group ( KB ), which rose 2.7% and 1.9% respectively. They were followed by solar equipment provider ReneSola ( SOL ), and railroad operator Guangshen Railway ( GSH ), which were up 1.1% and 1.0%.

The decliners in North Asia were led by social networking platform Renren ( RENN ), which tumbled 14.8%, followed by e-commerce solutions provider Baozun (BZUN), and video-sharing site iQIYI (IQ), which fell 9.3% each. Online marketplace 58.com (WUBA) was down 6.8%

In South Asia, the only gainer was telecommunications provider Telekomunikasi Indonesia (TLK), which rose 0.8%.

Automobile manufacturer Tata Motors (TTM) led the decliners in South Asia, falling 6.5%, followed by ICICI Bank (IBN), which lost 4.8%. Digital entertainment firm Sea Limited (SE), and pharmaceutical company Dr. Reddy's Laboratories (RDY) were off 3.6% and 2.3% 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: HX , KB , SOL , GSH , RENN



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