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Asian ADRs Move Higher in Tuesday Trading

American depository receipts of Asian stocks were trading 0.33% higher at 148.96 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by aluminum producer Aluminum Corporation of China ( ACH ), and ecommerce company Alibaba Group ( BABA ), which rose 7.9% and 4.5% respectively. They were followed by China Xiniya Fashion ( XNY ), a provider of men's business casual apparel in China, up 3.6%, and e-commerce solutions company Baozun ( BZUN ), up 2.9%.

The decliners in North Asia were led by solar equipment maker SPI Energy ( SPI ), and Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, which shed 7.8% and 5.4% respectively. They were followed by fabless semiconductor company Silicon Motion Technology (SIMO), lower 3.2%, and financial holding company Mizuho Financial (MFG), off 2.2%.

In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), and HDFC Bank (HDB), which were up 2.1% and 1.7% respectively. They were followed by automobile manufacturer Tata Motors (TTM), up 1.6%, and Indonesian telecommunications company Telekomunikasi Indonesia (TLK), higher 1%.

Videocon d2h (VDTH), a direct-to-home video provider, was the only decliner in South Asia, falling 1.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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