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Asian ADRs Move Higher in Monday Trading

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American depositary receipts of Asian stocks were trading 0.64% higher at 187.70 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by biotech firm Immutep Limited ( IMMP ), which soared 18.6%, followed by micro lending company Qudian ( QD ), which rose 8.6%. PPDAI ( PPDF ), an online consumer finance marketplace company, and online financial planning platform Jianpu ( JT ) were up 7.1% and 4.8% respectively.

The decliners in North Asia were led by solar park operator Sky Solar Holdings ( SKYS ), and Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, which fell 3.7% and 5.8% respectively. They were followed by educational services provider China Distance Education (DL) and TAL Education (TAL), which lost 5% and 2.6%.

In South Asia, the gainers were led by IT services firm Wipro (WIT), and digital entertainment company Sea Limited (SE), which climbed 4.9% and 1.4% respectively. They were followed by satellite TV provider Videocon d2h (VDTH), and natural resources firm Vedanta (VEDL), which were up 2.5% and 2.1%. IT firm SIFY Technologies (SIFY) was up 1.0%.

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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