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Asian ADRs Move Lower in Tuesday Trading


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American depositary receipts of Asian stocks were trading 0.07% lower at 184.03 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by micro lending company Qudian ( QD ), and educational services provider TAL Education ( TAL ), which rose 6.7% and 3.7% respectively. They were followed by ReneSola ( SOL ), a manufacturer of green energy products, and financial services company China Finance Online ( JRJC ), which climbed 3.9% and 1.2%.

In South Asia, the gainers were led by telecommunications provider Telekomunikasi Indonesia ( TLK ), and IT company SIFY Technologies (SIFY), which were up 3.7% and 2.0% respectively. They were followed by ICICI Bank (IBN), and telecommunications provider PLDT (PHI), which rose 1.5% and 0.8%.

The decliners in North Asia were led by educational services providers Tarena (TEDU) and RISE (REDU), which fell 20.6% and 6.0% respectively. They were followed by solar equipment company JinkoSolar (JKS), and polysilicon manufacturer Daqo New Energy (DQ), which shed 5.9% and 4.6%.

Pharmaceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 1.3%, followed by IT companies Wipro (WIT), and Infosys (INFY), which were down 0.5% and 0.4% respectively. Automaker Tata Motors (TTM) edged 0.1% lower.

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: QD , TAL , SOL , JRJC , TLK



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