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Asian ADRs Marginally Lower as Taiwan's Advanced Semiconductor Engineering Slides 3.2%

American depository receipts of Asian stocks were trading 0.1% lower at 134.85 on the Bank of New York Mellon Asia ADR Index on Monday morning.

Decliners in north Asia were led by Advanced Semiconductor Engineering ( ASX ), 3.2% lower, after the Taiwan-based provider of semiconductor packaging and testing services made a bid to purchase Siliconware Precision Industries ( SPIL ) for $8.25 per American depository share.

Melco Crown Entertainment ( MPEL ), an owner and operator of casino gaming and entertainment resort facilities, was down by 1.5% and POSCO ( PKX ), an integrated steel producer, slid 1.4% lower.

In southern Asia, MOL ( MOLG ), a Malaysian e-payment solutions provider, was 4.2% lower, followed by Rediff.com (REDF), an internet platform, 2.9% lower, and SIFY (SIFY), an information and communications technology company, was trading 1.9% lower.

Gainers in north Asia were led by Trina Solar (TSL), a solar power products manufacturer, 11.2% higher, followed by Siliconware Precision Industries ( SPIL ), a provider of semiconductor packaging and testing services, up by 9.1% and iKang Healthcare Group (KANG), a provider of preventive healthcare solutions, 2.9% higher.

And, in southern Asia, HDFC Bank (HDB) was 2.2% higher, Vedanta (VEDL), an India-based natural resource major, rose by 1.7% and Dr Reddy's Laboratories (RDY), a pharmaceutical company, was 1.3 higher.

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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