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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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