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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: ACH , BGNE , SMFG , CEO , SOHU



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