Markets

Asian ADRs Move Lower in Tuesday Trading

American depository receipts of Asian stocks were trading 0.50% lower at 168.93 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by IT firm ChinaCache ( CCIH ), and semiconductor company United Microelectronics ( UMC ), which rose 3.7% and 2.6% respectively. They were followed by fellow semiconductor company ChipMOS ( IMOS ), and 500.com ( WBAI ), an online sports lottery service provider in China, which were up 2.5% each.

The decliners in North Asia were led by Xunlei ( XNET ), a cloud-based acceleration technology company, and Jumei (JMEI), an online retailer of beauty products, which fell 4% and 3% respectively. Aluminum producer Aluminum Corporation of China (ACH), and China Finance Online (JRJC) were down 2.7% and 2.4%.

In South Asia, the only gainers was telecommunications provider PLDT (PHI), which rose 0.4%.

HDFC Bank (HDB) led the decliners in South Asia, falling 0.9%, followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which lost 0.7%. Telecommunications company Telekomunikasi Indonesia (TLK), and automaker Tata Motors (TTM) dropped 0.6% and 0.3% respectively.

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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