Asian ADRs Gain Driven by Chinese Online Retailers

American depository receipts of Asian stocks were up 0.98% to 142.52 in U.S. trading on Tuesday, according to the BNY Mellon Asia ADR Index.

Decliners in north Asia were led by Leju Holdings (LEJU), a China-based real estate services provider, slumping 10.8%. Apparel company China Xiniya Fashion (XNY) and e-commerce firm Baozun (BZUN) followed, dropping 6.1% and 4.9%, respectively.

In southern Asia, Indian lender HDFC Bank (HDB) led decliners, sliding 2.2%. India-based consulting and IT firm Infosys (INFY) fell 1.2% and IT services provider Wipro (WIT) was down 1.0%.

In north Asia, solar panel maker ReneSola (SOL) led gainers, surging 7.9%, followed by electronics component supplier O2Micro International (OIIM) and education services provider China Distance Education Holdings (DL), up 5.6% and 4.8%, respectively.

Gainers in southern Asia were led by Indian IT and communications firm Sify (SIFY), surging 6.9%. Carmaker Tata Motors (TTM) rose 2.6% and diversified natural resource major Vedanta (VEDL) was up 1.6%.

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