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.

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This article appears in: Investing , Stocks
Referenced Symbols: JT , DQ , SOL , SKYS , AUO

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