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Asian ADRs Move Lower in Tuesday Trading


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American depository receipts of Asian stocks were trading 0.40% lower at 187.00 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by online financial planning platform Jianpu ( JT ), and polysilicon manufacturer Daqo New Energy ( DQ ), which rose 6.2% and 5.9% respectively. They were followed by energy equipment supplier ReneSola ( SOL ), up 2.9%, and solar park operator Sky Solar Holdings ( SKYS ), up %.

The decliners in North Asia were led by AU Optronics ( AUO ), which makes thin film transistor liquid crystal displays, and Korean steel company POSCO (PKX), which lost 3.3% and 2.2% respectively. They were followed by Jumei (JMEI), down 1.9%, an online retailer of beauty products, and China Petroleum & Chemical (SNP), down 1.7%.

In South Asia, the gainers were led by telecommunications firm PLDT (PHI), and natural resources company Vedanta (VEDL), which rose 2.9% and 1.9% respectively. They were followed by IT company SIFY Technologies (SIFY), up 0.5%, and WNS Holdings (WNS), a provider of business process management services, up 0.4%.

ICICI Bank (IBN) led the decliners in South Asia, falling 2.3%, followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which lost 2%. Satellite TV provider Videocon d2h (VDTH) lost 1.5% and HDFC Bank (HDB) shed 1.1%.

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: JT , DQ , SOL , SKYS , AUO


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