Asian ADRs Move Lower in Tuesday Trading

American depository receipts of Asian stocks were trading 0.46% lower at 166.82 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by real estate services provider Leju Holdings (LEJU), and Semiconductor Manufacturing International (SMI), which rose 5.2% and 3.5% respectively. They were followed by mobile app company Cheetah Mobile (CMCM), up 2.4%, and Bright Scholar (BEDU), an operator of international and bilingual K-12 schools in China, up 2.2%.

The decliners in North Asia were led by Fang Holdings (SFUN), a real estate internet portal in China, and software firm Gridsum (GSUM), which fell 8% and 5.4% respectively. They were followed by wealth management firm Noah Holdings (NOAH), down 5.4%, and China Finance Online (JRJC), a web-based financial services company, down 5.3%.

In South Asia, the gainers were led by IT companies SIFY Technologies (SIFY), and Wipro (WIT), which rose 2.2% and 0.2% respectively. They were followed by direct-to-home video provider Videocon d2h (VDTH), which edged 0.1% higher.

Telecommunications provider PLDT (PHI) led the decliners in South Asia, falling 1.9%, followed by natural resources firm Vedanta (VEDL), which lost 1.3%. Automaker Tata Motors (TTM) dropped 1%, while HDFC Bank (HDB) dropped 0.8%.

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