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Asian ADRs Trading Higher as E-Commerce Stock JD.com Surges 8.5 Per Cent

American depository receipts of Asian stocks were trading 0.1% higher at 138.28 on the Bank of New York Mellon Asia ADR Index on Monday morning.

Gainers in north Asia were led by JD.com ( JD ), an online direct sales company, 8.5% higher, followed by Autohome ( ATHM ), a provider of online car advertising and dealer subscription services, 5.9% higher and Alibaba Group ( BABA ), a provider of online and mobile commerce, up by 1.9%.

In southern Asia, natural resource major Vedanta ( VEDL ) was 3.2% higher, followed by ICICI Bank ( IBN ), up by 3.1% and MOL (MOLG), a Malaysian e-payment solutions provider, trading 2.1% higher.

Decliners in north Asia were led by online discount retailer Vipshop (VIPS), 10.0% lower, followed by Jumei (JMEI), an online retailer of beauty products, down by 4.8% and Melco Crown Entertainment (MPEL), an operator of casino gaming and entertainment resort facilities, 3.6% lower.

And, in southern Asia, technology conglomerate Infosys (INFY) and Dr Reddy's Laboratories (RDY), an Indian pharmaceutical company, were both 2.0% lower while Telekomunikasi Indonesia (TLK), a telecommunications services company, retreated by 1.0%.

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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