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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: STG , SOL , MLCO , NTES , JMU



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