Markets

Asian ADRs Edge Higher in Tuesday Trading

American depository receipts of Asian stocks were trading 0.06% higher at 144.86 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by semiconductor company Semiconductor Manufacturing International ( SMI ), and Yanzhou Coal Mining ( YZC ), which rose 6.3% and 3.2% respectively. They were followed by oil and gas companies China Petroleum & Chemical ( SNP ) and China National Offshore Oil ( CEO ), which were up 3% and 2.2% respectively.

The decliners in North Asia were led by multimedia company Hong Kong Television Network ( HKTVY ), and outdoor advertising company VisionChina Media (VISN), which shed 3.8% and 3.6% respectively. They were followed by solar park operator Sky Solar Holdings Ltd (SKYS), and Baozun (BZUN), a brand e-commerce solutions company, which were off 2.3% and 1.8% respectively.

In South Asia, the gainers were led by natural resources firm Vedanta (VEDL), which surged 6.1%. WNS Holdings (WNS), a provider of business process management services, and pharmaceutical company Dr. Reddy's Laboratories (RDY), dropped 0.3% each. Meanwhile, Indian automaker Tata Motors (TTM) edged 0.2% higher.

Indonesian telecommunications company Telekomunikasi Indonesia (TLK) led the decliners in South Asia, falling 0.8%, followed by IT services firm Wipro (WIT), which was off 0.6%. Direct-to-home video provider Videocon d2h (VDTH), and HDFC Bank (HDB) lost 0.2% and 0.1% 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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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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