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Solar Companies, Online Consumer Services Lead Asia ADRs Lower

Depository receipts of Asian stocks were down 0.34% to 151.10 in U.S. trading on Tuesday, according to the BNY Mellon's Asia ADR Index.

Solar companies were the most prominent group of decliners with Trina Solar ( TSL ) down 2.4%, Yingli Green Energy ( YGE ) lower 1.7%, ReneSola ( SOL ) off by 2.4%, JinkoSolar ( JKS ) down 2.9% and JA Solar ( JASO ) shedding 0.3%.

Internet real estate portal operators SouFun (SFUN) and E-House (EJ) fell 2.0% and 0.3%, respectively. China Mobile (CHL) shed 3.2%, while online car-pricing services Autohome (ATHM) and Bitauto (BITA) were lower 1.0% and 2.4%, respectively.

In South Asia, car maker Tata Motors (TTM) was the most active decliner, down by 2.3% while ICICI Bank (IBN) and HDFC Bank (HDB) fell 1.6% and 0.4%, respectively.

Internet data center services provider 21Vianet (VNET), which Monday rebutted allegations that the company is a Ponzi scheme, added 1.2%. Consumer technology company Sony (SNE) rose 1.8%.

In South Asia, business consulting firm Infosys (INFY) and IT services company Wipro (WIT) both added 1.5%, while business outsourcing services provider WNS Holdings (WNS) rose 1.7%.

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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