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Asian ADRs Move Lower in Tuesday Trading


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American depositary receipts of Asian stocks were trading 0.12% lower at 165.44 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by online game publisher The9 ( NCTY ), which soared 36%. CTrip.com International ( CTRP ) climbed 16.5% while IT firm ChinaCache ( CCIH ) rose 6%.

The decliners in North Asia were led by securities brokerage China Finance Online ( JRJC ) and social media platform Weibo Corporation ( WB ), which fell 17.9% and 8.2% respectively. They were followed by wealth management firm Jupai Holdings (JP) and online game developer Changyou.com (CYOU), which were off 6.3% and 3.4%.

In South Asia, the gainers were led by automaker Tata Motors (TTM) and ICICI Bank (IBN), which rose 6.9% and 3.2% respectively. They were followed by mining company Vedanta (VEDL) and HDFC Bank (HDB), which were up 2.4% and 1.6%.

IT company Wipro (WIT) led the decliners in South Asia, falling 1.3%. IT firm Infosys (INFY) was down 0.4%.

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: NCTY , CTRP , CCIH , JRJC , WB




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