Asian ADRs Move Lower in Tuesday Trading

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American depositary receipts of Asian stocks were trading 0.30% lower at 170.08 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by IT service management company Fronteo ( FTEO ), and China Digital TV Holding ( STVVY ), a provider of conditional access TV in China, which surged 10% and 9.5% respectively. They were followed by Aurora Mobile ( JG ), a data collecting and analytics platform, and data center service provider 21Vianet ( VNET ),which rose 6% and 4.1%.

The decliners in North Asia were led by Chinese online discount retailer Vipshop ( VIPS ), and social networking platform YY Inc. (YY ), which tumbled 13.5% and 12.9% respectively. They were followed by online game operator Huya (HUYA), and educational services provider RISE (REDU), which fell 12.6% and 9.6%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), and IT company SIFY Technologies (SIFY), which rose 9.7% and 2% respectively. They were followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and ICICI Bank (IBN), which was up 1% and 0.7%.

Digital entertainment company Sea Limited (SE), and telecommunications provider Telekomunikasi Indonesia (TLK) were the only decliners in South Asia, falling 0.4% 0.2% 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: FTEO , STVVY , JG , VNET , VIPS

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