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Asian ADRs Move Lower in Monday Trading

American depository receipts of Asian stocks were trading 0.95% lower at 174.28 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by conditional TV access provider China Digital TV Holding ( STVVY ), and online game developer Gravity ( GRVY ), which surged 9.1% and 8.9% respectively. They were followed by video-sharing site Bilibili ( BILI ), and Kingtone Wirelessinfo Solution ( KONE ), a provider of mobile enterprise solutions, which climbed 3.7% and 3.6%.

The decliners in North Asia were led by Uxin ( UXIN ), a used car e-commerce platform, and utilities company Korea Electric Power (KEP), which lost 7.6% and 4.7% respectively. They were followed by telecommunications service provider KT (KT), and online cosmetic shopping platform Jumei (JMEI), which were off 4.7% and 4.0%.

In South Asia, the gainers were led by telecommunications provider Telekomunikasi Indonesia (TLK), and ICICI Bank (IBN), which rose 4.5% and 1.6% respectively. They were followed by Sea Limited (SE), and IT company SIFY Technologies (SIFY), which were up 1.6% and 0.6%.

Automaker Tata Motors (TTM) led the decliners in South Asia, rising 2.4%, followed by mining company Vedanta (VEDL), which was up 0.8%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY) and IT company Infosys (INFY) lost 1.1% and 0.1%.

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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