Asian ADRs Edge Up as Chinese Alternative Energy Firms Gain - Nasdaq

American depository receipts of Asian stocks were trading 0.9% higher at 150.67 on the Bank of New York Mellon Asia ADR Index on Tuesday.

Decliners in north Asia were led by casual menswear company Zuoan Fashion ( ZA ), down 2.9%, followed by financial services provider Orix Corp. ( IX ) 2.6% lower and South Korean wireless telecom operator SK Telecom Co. ( SKM ) down 2.5%.

In southern Asia, Indian banking and financial services firm HDFC Bank ( HDB ) and Indian pharmaceutical company Dr. Reddy's Laboratories ( RDY ) fell by 1.7% and 1.5%, respectively while diversified natural resources firm Vedanta (VEDL) slid by 1.4%.

Gainers in north Asia were led by China Ming Yang Wind Power (MY), a wind turbine manufacturer, up 6.7%, followed by state-owned telecommunications operators China Unicom (CHU) and China Mobile Limited (CHL) , up 4.5% and 3.6%, respectively.

In southern Asia, IT consulting firm Infosys (INFY) jumped 11% followed by Wipro (WIT), a provider of IT services up 2.6%, and information and communications technology firm Sify Technologies (SIFY) up 1.9%.


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