Asian ADRs Move Lower in Tuesday Trading

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American depositary receipts of Asian stocks were trading 0.35% lower at 177.77 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by mobile app company Cheetah Mobile ( CMCM ), and casino and resort operator Melco Resorts & Entertainment ( MLCO ), which rose 6% and 5.7% respectively. They were followed by entertainment and electronics company Sony ( SNE ), and solar equipment company ReneSola ( SOL ), which were up 4.6% and 4%.

The decliners in North Asia were led by consumer lending company China Rapid Finance ( XRF ), and outdoor display advertising company Airmedia (AMCN), which lost 5.9% and 5.5% respectively. They were followed by Aurora Mobile (JG), a data collecting and analytics platform, and bank holding company Sumitomo Mitsui Financial (SMFG), which were off 5.4% and 4.9%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and digital entertainment company Sea Limited (SE), which climbed 2.4% and 1.2% respectively. They were followed by biotech firm ASLAN (ASLN), and IT company Infosys (INFY), which were up 1.1% each.

Telecommunications provider Telekomunikasi Indonesia (TLK) led the decliners in South Asia, falling 8.9%, followed by automaker Tata Motors (TTM), which shed 5.1%. IT services firm Wipro (WIT), and telecommunications operator PLDT (PHI) were down 1% and 0.6% respectively.

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: CMCM , MLCO , SNE , SOL , XRF

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