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Asian ADRs Move Lower in Monday Trading

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American depositary receipts of Asian stocks were trading 0.85% lower at 178.82 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by B2B platform JMU Limited ( JMU ), which soared 22.7%, followed by airline operator China Eastern Airlines ( CEA ), which climbed 3.1%. Telecommunications company China Unicom ( CHU ), and Kingtone Wirelessinfo Solution ( KONE ), a provider of mobile enterprise solutions, were up 2.9% and 2.8% respectively.

The decliners in North Asia were led by data analysis provider Gridsum ( GSUM ), which plunged 39.6%, followed by Aluminum Corporation of China (ACH), and IT company ChinaCache (CCIH), which shed 7.9% and 4.8% respectively. Oil company China National Offshore Oil-CNOOC (CEO) was off 2.6%.

In South Asia, the gainers were led by digital entertainment company Sea Limited (SE), and telecommunications provider PLDT (PHI), which were up 1.1% and 0.7% respectively. They were followed by WNS Holdings (WNS), a provider of business process management services, and pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 0.4% and 0.2%.

Natural resources company Vedanta (VEDL) led the decliners in South Asia, falling 3%, followed by IT companies SIFY Technologies (SIFY), and Wipro (WIT), which were down 1.6% and 1.3% respectively. HDFC Bank (HDB) was off 0.8%.

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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