jmei

Asian ADRs Marginally Higher, Buoyed by eCommerce Stocks' Gains

American depository receipts of Asian stocks were trading 0.1% higher at 138.55 on the Bank of New York Mellon Asia ADR Index on Tuesday morning.

Gainers in north Asia were led by Jumei ( JMEI ), an online retailer of beauty products, 3.4% higher, followed by Vipshop ( VIPS ), an online discount retailer, up by 2.6% and Weibo ( WB ), a social media platform, trading 2.5% higher.

In southern Asia, Videocon d2h ( VDTH ), a pay TV company, was 2.5% higher, followed by Rediff.com India ( REDF ), an internet platform, up by 2.2%, and ICICI Bank (IBN), a financial services group, trading 0.9% higher.

Decliners in north Asia were led by ReneSola (SOL), a manufacturer of solar power products, 5.1% lower, followed by semiconductor solution provider Himax Technologies (HIMX), down by 3.9%, and Jinko Solar (JKS), another maker of solar modules, trading 3.1% lower.

And, in southern Asia, MOL (MOLG), a Malaysian e-payment solutions provider, was 5.4% lower, Dr Reddy's Laboratories (RDY), an Indian pharmaceutical company, edged down by 1.0% and Tata Motors (TTM), an Indian automobile company was 0.9% lower.

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.