Markets

Asian ADRs Move Lower in Monday Trading

American depository receipts of Asian stocks were trading 2.17% lower at 125.20 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by SPI Energy ( SPI ), a provider of photovoltaic solutions, up 6.9%, followed by Japanese telecommunications company Nippon Telegraph and Telephone ( NTT ), higher 5.6%. Yanzhou Coal Mining ( YZC ) was up 5%, while mobile telecommunications carrier NTT DoCoMo ( DCM ) rose 4%.

The gainers in South Asia were led by Indian natural resources company Vedantga ( VEDL ), adding 4.9%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), up 0.83%. Telecommunications companies Telekomunikasi Indonesia (TLK) and Philippine Long Distance Telephone (PHI) edged up 0.05% and 0.02% respectively.

Independent power producer Huaneng Power International (HNP) led the decliners in North Asia, falling 10.3%, followed by Japanese financial services company Nomura (NMR), lower 8.2%. Autohome (ATHM), an online destination for automobile consumers in China, dropped 7.1%, while Japan-based bank holding company Mitsubishi UFJ Financial (MTU) lost 5.1%.

And in South Asia, the decliners were led by WNS Holdings (WNS), which provides business process management services, and Indian automobile manufacturer Tata Motors (TTM), each of which lost 3.3%. Consulting firm Infosys (INFY) was off 2.6%, while IT company Wipro (WIT) declined 0.9%.

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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