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Asian ADRs Move Higher in Monday Trading

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Last updated: 03/20/2017 10:52:42

10:52 AM EDT, 03/20/2017 (MT Newswires) --

In North Asia, the gainers were led by solar equipment provider Yingli Green Energy (YGE), and Yintech Investment (YIN), an online provider of spot commodity trading services in China, which surged 5.9% and 5.5% respectively. They were followed by internet service provider Internet Initiative Japan (IIJI), and New Oriental Education & Technology (EDU), a provider of private educational services, which increased 3.9% and 3.7%.

The decliners in North Asia were led by solar equipment maker SPI Energy (SPI), which tumbled 10.3%, followed by media company Phoenix New Media (FENG), which fell 3.4%. China Digital TV Holding (STV), a provider of conditional access systems, and commercial real estate firm China Techfaith Wireless Communication (CNTF) dropped 2.9% and 2.4% each.

In South Asia, the gainers were led by IT companies SIFY Technologies (SIFY), and Infosys (INFY), which rose 3.3% and 0.9% respectively. They were followed by HDFC Bank (HDB), and WNS Holdings (WNS), a provider of business process management services, which lost 0.8% and 0.6%.

Direct-to-home video provider Videocon d2h (VDTH) led the decliners in South Asia, falling 1.7%, followed by IT firm Wipro (WIT), Indonesian telecommunications company Telekomunikasi Indonesia (TLK), and natural resources firm Vedanta (VEDL), each of which lost 0.3%.

Price: 2.05, Change: +0.17, Percent Change: +9.04

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