Markets

Asian ADRs Move Higher in Tuesday Trading

American depository receipts of Asian stocks were trading 0.13% higher at 190.72 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by online game developer The9 ( NCTY ), which jumped 25.7%, followed by polysilicon manufacturer Daqo New Energy ( DQ ), which surged 9.1%. Japanese mobile applications company LINE Corp. ( LN ), and technology company Xunlei ( XNET ) rose 7.9% and 3.8% respectively.

The decliners in North Asia were led by online retailer LightInTheBox ( LITB ), amd Aluminum Corporation of China (ACH), which fell 7.1% and 6% respectively. They were followed by 21Vianet (VNET), an internet data center services provider, down 4.4%, and social media company Renren (RENN), down 3.8%.

In South Asia, the gainers were led by IT company Infosys (INFY), which rose 1.3%, followed by WNS Holdings (WNS), a provider of business process management services, which was up 1%. HDFC Bank (HDB), and telecommunications provider PLDT (PHI) increased 0.9% and 0.7% respectively.

IT company SIFY Technologies (SIFY) led the decliners in South Asia, falling 5%, followed by digital entertainment company Sea Limited (SE), which shed 1.6%. Natural resources company Vedanta (VEDL), and telecommunications provider Telekomunikasi Indonesia (TLK) were down 1.1% and 0.9% 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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