Asian ADRs Move Lower in Tuesday Trading

American depositary receipts of Asian stocks were trading 0.23% lower at 1,509.89 on the BNY Mellon Asia 50 ADR Index on Tuesday.

In North Asia, the gainers were led by educational services provider China Online Education (COE) and news aggregator Qutoutiao (QTT), which climbed 4.8% and 4.6% respectively. They were followed by social media platform Weibo Corporation (WB) and insurance firm China Life Insurance (LFC), which rose 3.5% and 3.1%.

The decliners in North Asia were led by computer-based testing services provider ATA (ATAI), which tumbled 12%, followed by solar park operator Sky Solar Holdings (SKYS), beverage company China New Borun (BORN) and railroad operator Guangshen Railway (GSH), which fell 2.6%, 2.3%, and 1.5% respectively.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN) and ICICI Bank (IBN), which rose 9.2% and 3.5% respectively. They were followed by digital entertainment company Sea Limited (SE) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 0.9% and 0.3%.

IT company Infosys (INFY) was the lone decliner in South Asia, falling 0.7%.

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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