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Asian ADRs Move Higher in Monday Trading

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American depository receipts of Asian stocks were trading 0.27% higher at 160.63 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by airline operator China Eastern Airlines ( CEA ), which gained 4%. They were followed by TAL Education ( TAL ), which provides after-school tutoring programs in China, and semiconductor foundry United Microelectronics ( UMC ), which gained 3.5% and 3.4% each, followed by outdoor advertising company Airmedia ( AMCN ) which gained 2%.

The decliners in North Asia were led by China Xiniya Fashion ( XNY ), a provider of men's business casual apparel in China, and solar equipment provider SPI Energy (SPI), which shed 3.8% and 2.6% respectively. They were followed by Fanhua (FANH), a financial services provider in China, and 500.com (WBAI), an online sports lottery service provider in China, which were off 2.5% and 2%.

In South Asia, the gainers were led by SIFY Technologies (SIFY), and Indonesian telecommunications provider Telekomunikasi Indonesia (TLK), which rose 2.8% and 1.1% each. They were followed by WNS Holdings (WNS), a provider of business process management services, and IT company Infosys (INFY), each of which were up 0.9%.

Pharmaceutical company Dr. Reddy's Laboratories (RDY) was the lone decliner in South Asia, edging 0.1% 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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