Asian ADRs Edge Up

American depository receipts of Asian stocks were up 0.08% to 144.00 in U.S. trading on Monday, according to the BNY Mellon Asia ADR Index.

Decliners in north Asia were led by engineering, procurement and construction services firm SPI Energy (SPI), slumping 6.5%. GDS Holdings (GDS), an operator of data centers in China, followed with a 5.4% drop, and China New Borun (BORN), a distributor of edible alcohol products, was down 4.8%.

Decliners in southern Asia were led by India-based lender HDFC Bank (HDB), sliding 1.1%. Cable-TV provider Videocon d2h (VDTH) and Indonesian telecom firm PT Telekomunikasi Indonesia (TLK) followed, both inching 0.6% lower.

In north Asia, gainers were led by solar panel supplier ReneSola (SOL), up 6.1%, followed by China-based railroad company Guangshen Railway (GSH) and South Korean telecom provider KT Corp. (KT), up 3.4% and 3.1%, respectively.

Gainers in southern Asia were led by IT and communications firm SIFY (SIFY) up 1.1%, followed by Indian lender ICICI Bank (IBN) and business process management firm WNS Holdings (WNS), both gaining 0.7%.

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