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Asian ADRs Move Lower in Tuesday Trading


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American depository receipts of Asian stocks were trading 0.21% lower at 143.18 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by 500.com ( WBAI ), an online sports lottery service provider in China, and outdoor advertising company VisionChina Media ( VISN ), which rose 10.1% and 5.6% respectively. They were followed by Chinese real estate developer Xinyuan Real Estate ( XIN ), and China Digital TV Holding ( STV ), a provider of conditional access ( CA ) systems to China, which were up 4.2% and 3.4% each.

The decliners in North Asia were led by online game publisher Gravity (GRVY), and mobile-based social networking platform MOMO Inc. (MOMO), which shed 14.4% and 8.1% respectively. They were followed by Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, and coal mining company Yanzhou Coal Mining (YZC), which fell 5.4% and 3.9% each.

In South Asia, the gainers were led by Tata Motors (TTM), which rose 3.1%, followed by direct-to-home video provider Videocon d2h (VDTH), which was up 1.9%. Indonesian telecommunications firm Telekomunikasi Indonesia (TLK), and natural resources company Vedanta (VEDL) increased 1.1% and 0.2% respectively.

ICICI Bank (IBN) led the decliners in South Asia, falling 4.3%, followed by WNS Holdings (WNS), a provider of business process management services, which was off 1.6%. IT services firm Wipro (WIT), and pharmaceutical company Dr. Reddy's Laboratories (RDY) dropped 1.3% and 0.6% 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: WBAI , XIN ,



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