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Asian ADRs Move Higher in Tuesday Trading

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American depositary receipts of Asian stocks were trading 1.05% higher at 161.11 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by financial services firm Nomura ( NMR ) and video sharing service iQIYI ( IQ ), which climbed 4% and 3.2% respectively. They were followed by Semiconductor company ASE Industrial Holding ( ASX ) and consumer lending company China Finance Online ( JRJC ), which rose 3.2% and 3.1%.

The decliners in North Asia were led by solar park operator Sky Solar Holdings Ltd. ( SKYS ) and educational services provider RYB Education (RYB), which fell 5.9% and 5.7% respectively. They were followed by AU Optronics (AUO) a maker of thin-film-transistor liquid-crystal display panels, and real estate internet portal Fang Holdings (SFUN), which dropped 4.8% and 1.4%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY) and automaker Tata Motors (TTM), which rose 3% and 1.5% respectively. They were followed by HDFC Bank (HDB) and business process management services provider WNS Holdings (WNS), which were up 1.3% and 0.7%.

Telecommunications operator Telekomunikasi Indonesia (TLK) was the lone decliner in South Asia, falling 2.6%.

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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