Asian ADRs Edge Higher in Monday Trading
American depository receipts of Asian stocks were trading 0.09% higher at 147.93 on the Bank of New York Mellon Asia ADR Index on Monday.
In North Asia, the gainers were led by ATA ( ATAI ), a provider of computer-based testing services in China, and educational services provider Hailiang Education ( HLG ), which surged 7.7% and 6.3% respectively. They were followed by commercial wheel manufacturer China Zenix Auto International ( ZX ), up 4.9%, and healthcare group Hutchison China Meditech ( HCM ), up 4.3%.
The decliners in North Asia were led by internet service provider Internet Initiative Japan ( IIJI ), and social networking platform Renren (RENN), which fell 6.4% and 3.5% respectively. They were followed by coal producer Yanzhou Coal Mining (YZC), and financial services company Orix (IX), each of which was down 2.6%.
In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), and Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which rose 2.2% and 1.9% respectively. They were followed by PLDT (PHI), a telecommunications service provider in the Philippines, and automaker Tata Motors (TTM), each of which increased 1.5%.
Pharmaceutical company Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 1%, followed by WNS Holdings (WNS), a provider of business process management services, and IT company Infosys (INFY), which were down 0.3% and 0.1% respectively.
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