Markets

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.

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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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