Markets

Asian ADRs Move Lower in Monday Trading

American depositary receipts of Asian stocks were trading 0.48% lower at 171.74 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by GDS Holdings ( GDS ), a developer and operator of data centers in China, and software firm Gridsum ( GSUM ), which rose 4.5% and 2.4% respectively. They were followed by casino and resort operator Melco Resorts & Entertainment ( MLCO ), and fabless semiconductor company Himax Technologies ( HIMX ), which were up 2.3% each.

The decliners in North Asia were led by educational services provider Bright Scholar ( BEDU ), and solar equipment company JinkoSolar (JKS), which tumbled 25.3% and 16.3% respectively. They were followed by educational services provider Hailiang Education (HLG), and Semiconductor Manufacturing International (SMI), which fell 10.7% and 5.3%.

In South Asia, the gainers were led by biotech company ASLAN (ASLN), and IT company SIFY Technologies (SIFY), which climbed 6.6% and 1.8% respectively. They were followed by IT services firm Wipro (WIT), and digital entertainment company Sea Limited (SE), which were up 1.4% and 1.3%.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 2.9%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), which dropped 1.9%. ICICI Bank (IBN), and automaker Tata Motors (TTM), which were off 0.9% and 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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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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