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Asian ADRs Move Lower in Tuesday Trading

American depository receipts of Asian stocks were trading 0.62% lower at 151.92 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by solar equipment provider SPI Energy ( SPI ), and ATA ( ATAI ), a provider of computer-based testing services in China, which rose 6.2% and 2.7% respectively. They were followed by China Finance Online ( JRJC ), a web-based financial services company in China, and aluminum producer Aluminum Corporation of China ( ACH ), which were up 2.6% and 2.5%.

The decliners in North Asia were led by 500.com ( WBAI ), an online sports lottery service provider in China, and Semiconductor Manufacturing International (SMI), which fell 5.8% and 4.7% each. They were followed by real estate developer Xinyuan Real Estate (XIN), and car rental company eHi Car Services (EHIC), which shed 3.8% and 2.7% each.

In South Asia, the gainers were led by IT services firms Infosys (INFY) and Wipro (WIT), which gained 0.9% each, followed by ICICI Bank (IBN), which edged 0.2% higher.

IT company SIFY Technologies (SIFY) led the decliners in South Asia, falling 3.3%, followed by Indonesian telecommunications firm Telekomunikasi Indonesia (TLK), which dropped 1.5%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and Philippines telecommunications provider PLDT (PHI) were down 1.1% and 0.6% each.

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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