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Asian ADRs Move Higher in Tuesday Trading

American depository receipts of Asian stocks were trading 1.18% higher at 182.48 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by social networking company Renren ( RENN ), and diagnostic imaging centers company Concord Medical Services ( CCM ), which rose 18% and 3% respectively. They were followed by solar panel manufacturer Yingli Green Energy ( YGE ), and telecommunications company China Unicom ( CHU ), which were up 3.6% and 3.1%.

The decliners in North Asia were led by online retailer LightInTheBox ( LITB ), and Fang Holdings (SFUN), a real estate internet portal in China, which fell 3.4% and 6.6% respectively. Casino and resort operator Melco Crown Entertainment (MPEL), and airline operator China Southern Airlines (ZNH) were down 2.3% and 1.8%.

In South Asia, the gainers were led by IT firm SIFY Technologies (SIFY), and HDFC Bank (HDB), which rose 1.7% and 1% respectively. They were followed by WNS Holdings (WNS), a provider of business process management services, and direct-to-home video provider Videocon d2h (VDTH), which were up 0.9% and 0.7%.

Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and digital entertainment company Sea Limited (SE) were the only decliners in South Asia, falling 0.5% and 0.4% respectively.

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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