Asian ADRs Move Lower in Tuesday Trading

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American depositary receipts of Asian stocks were trading 0.49% lower at 178.08 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by Sunlands ( STG ), a Chinese online learning provider, and solar power company ReneSola ( SOL ), which rose 5.9% and 3.5% respectively. They were followed by casino and resort operator Melco Resorts & Entertainment ( MLCO ), and technology company NetEase ( NTES ), which were up 3.2% and 1.9%.

The decliners in North Asia were led by JMU Limited ( JMU ), a B2B online e-commerce platform, and computer power management component provider O2Micro International (OIIM), which fell 9.1% and 3.6% respectively. They were followed by social networking platform Renren (RENN), and electronics and ceramics manufacturer Kyocera (KYO), which dropped 3.6% and 3.3%.

In South Asia, IT firm SIFY Technologies (SIFY) was the lone gainer, moving 0.7% higher.

Natural resources company Vedanta (VEDL) led the decliners in South Asia, falling 1.4%, followed by telecommunications providers Telekomunikasi Indonesia (TLK), and PDLT (PHI), which dropped 0.8% and 0.7 respectively. WNS Holdings (WNS), a provider of business process management services lost 0.6%.

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: STG , SOL , MLCO , NTES , JMU

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