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.

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This article appears in: Investing , Stocks
Referenced Symbols: QD , TAL , SOL , JRJC , TLK

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