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Asian ADRs Move Higher in Tuesday Trading

American depositary receipts of Asian stocks were trading 0.01% higher at 187.44 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by educational services provider RISE ( REDU ), and Hanwha Q Cells ( HQCL ), a manufacturer of photovoltaic solar cells, which rose 4.7% and 3.5% respectively. They were followed by educational services providers RYB Education ( RYB ), and China Distance Education ( DL ), which were up 5.2% and 3.9%.

The decliners in North Asia were led by financial services provider Fanhua ( FANH ), and media company Phoenix New Media (FENG), which tumbled 15.2% and 13.6% respectively. They were followed by online direct sales provider LexinFintech (LX), and online cosmetic shopping platform Jumei (JMEI), which lost 6.5% and 3.9%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY), and satellite TV provider Videocon d2h (VDTH), which climbed 4.2% and 2.9% respectively. They were followed by natural resources company Vedanta (VEDL), and HDFC Bank (HDB), which were up 1.7% and 1.2%.

Digital entertainment company Sea Limited (SE), and telecommunications provider Telekomunikasi Indonesia (TLK) were the only decliners in South Asia, falling 2.4% and 1.9% respectively.

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

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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