Asian ADRs Move Higher in Monday Trading



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American depositary receipts of Asian stocks were trading 0.1% higher at 145.88 on the Bank of New York Mellon Asia ADR Index on Monday.

In North Asia, the gainers were led by online game developer Gravity ( GRVY ) and Renren ( RENN ), which climbed 12% and 11% respectively. They were followed by Fang Holdings ( SFUN ) and Airmedia ( AMCN ), which rose 10% and 9.5%.

The decliners in North Asia were led by China Digital TV Holding (STV), followed by Leju Holdings ( LEJU ), which fell 16.7% and 10% respectively.

In South Asia, the gainers were led by IT company Wipro (WIT) and Sea Limited (SE), which rose 2% and 1.3% respectively. They were followed by WNS Holdings (WNS) and pharmaceutical firm Dr. Reddy’s Laboratories (RDY), which were up 0.8% and 0.6%.

Biotech firm ASLAN (ASLN) led the decliners in South Asia, tumbling 14%.


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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