Quantcast

Asian ADRs Move Lower in Tuesday Trading


Shutterstock photo

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.

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



This article appears in: Investing , Stocks
Referenced Symbols: FTEO , STVVY , JG , VNET , VIPS



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?