Markets

Asian ADRs Move Higher in Monday Trading

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American depository receipts of Asian stocks were trading 0.45% higher at 152.35 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by Himax Technologies ( HIMX ), a fabless semiconductor solutions provider, and independent power producer Huaneng Power International ( HNP ), which rose 6.5% and 4.9% respectively. They were followed by China Xiniya Fashion ( XNY ), a provider of men's business casual apparel in China, up 4.2%, and mobile app company Cheetah Mobile ( CMCM ), up 4%.

The decliners in North Asia were led by AU Optronics ( AUO ), a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider, and Qunar (QUNR), a mobile and online travel platform, which shed 5.8% and 5.4% respectively. They were followed by LG Display (LPL), a manufacturer of thin-film transistor liquid crystal displays, down 4.3%, and advertising company VisionChina Media (VISN), down 2.9%.

In South Asia, the gainers were led by natural resources company Vedanta (VEDL), which rose 2.1%, followed by IT services firms Infosys (INFY) SIFY Technologies (SIFY), and Wipro (WIT), which were up 1.4%, 1.1%, and 0.9% respectively.

Indian automobile manufacturer Tata Motors (TTM) led the decliners in South Asia, falling 1.4%, followed by ICICI Bank (IBN), which was off 0.6%. Philippines telecommunications provider PLDT (PHI), and direct-to-home video provider Videocon d2h (VDTH), each dropped 0.3%.

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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