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Asian ADRs Move Lower in Tuesday Trading

American depositary receipts of Asian stocks were trading 1.57% higher at 170.29 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by online game publisher The9 ( NCTY ), which soared 68.5%, followed by ATA ( ATAI ), which rose 7.8%. Telecommunications companies China Unicom ( CHU ), and China Telecom ( CHA ) were up 3% and 2.4% respectively.

The decliners in North Asia were led by online direct sales company JD.com ( JD ), and Korean steel company POSCO (PKX), which fell 6% and 4.6%. Aurora Mobile (JG), a data collecting and analytics platform, and computer power management component provider O2Micro International (OIIM), were off 4.6% and 4.2%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), and IT company Wipro (WIT), which climbed 2.6% and 2.2% respectively. They were followed by telecommunications provider PLDT (PHI), and pharmaceutical firm Dr. Reddy's Laboratories (RDY), which were up 1.3% and 0.5%.

ICICI Bank (IBN), and telecommunications provider Telekomunikasi Indonesia (TLK) led the decliners in South Asia, , falling 5.4% and 4% respectively. They were followed by mining company Vedanta (VEDL), and automaker Tata Motors (TTM), which were down 2.9% and 2.2% 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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