Markets

Asian ADRs Move Higher in Tuesday Trading

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American depository receipts of Asian stocks were trading 0.57% higher at 175.39 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by conditional access TV provider China Digital TV Holding ( STVVY ), which surged 15%, followed by online game developer The9 ( NCTY ), which rose 4.4%. Chinese search engine Baidu ( BIDU ), and telecommunications provider SK Telecom ( SKM ) were up 2.7% and 2.5% respectively.

The decliners in North Asia were led by polysilicon manufacturer Daqo New Energy ( DQ ), which tumbled 12.3%, followed by solar park operator Sky Solar Holdings (SKYS), which was down 5.1%. Oil company PetroChina (PTR), and online retailer LightInTheBox (LITB) were off 3.3% and 3.0% respectively.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), which surged 11.2%, followed by mining company Vedanta (VEDL), and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 2.2% and 0.1% respectively.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 1.2%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), which lost 0.6%. Digital entertainment company Sea Limited (SE), and WNS Holdings (WNS), a provider of business process management services, were down 0.4% and 0.1% 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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