Asian ADRs Move Lower in Monday Trading

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American depositary receipts of Asian stocks were trading 0.09% lower at 179.01 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by aluminum producer Aluminum Corporation of China ( ACH ), and biopharmaceutical firm Beigene ( BGNE ), and bank holding company Sumitomo Mitsui Financial ( SMFG ), which rose 3% each, followed by oil company China National Offshore Oil-CNOOC ( CEO ), which climbed 2.7%.

The decliners in North Asia were led by internet services company Sohu.com ( SOHU ), and Chinese search engine Sogou (SOGO), which tumbled 17.7% and 10.1% respectively. They were followed by education services provider Sunlands (STG), and Baozun (BZUN), an e-commerce solutions company, which were off 9.4% and 6.4%.

In South Asia, the gainers were led by ICICI Bank (IBN), and telecommunications provider PLDT (PHI), which rose 1.8% and 1.3% respectively. They were followed by IT company SIFY Technologies (SIFY), and automaker Tata Motors (TTM), which were up 1.2% and 0.6%.

HDFC Bank (HDB) led the decliners in South Asia, falling 1.5%, followed by IT company Infosys (INFY), and WNS Holdings (WNS), a provider of business process management services, which lost 1.3% each. Telecommunications provider Telekomunikasi Indonesia (TLK) was off 0.7%.

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: ACH , BGNE , SMFG , CEO , SOHU

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