Asian ADRs Slip Lower in Trading

American depositary receipts of Asian stocks were trading 2.51% lower at 1,427.65 on the BNY Mellon Asia 50 ADR Index on Tuesday.

In North Asia, the gainers were led by electricity provider Korea Electric Power (KEP) and educational services provider Puxin (NEW), which rose 4.3% and 3.9% respectively. They were followed by financial services firm Nomura (NMR) and social media platform MOMO Inc. (MOMO), which were up 3.9% and 3.3%.

The decliners in North Asia were led by digital and mobile healthcare platform 111, Inc. (YI), which lost 8.8%. Other decliners included solar park operator Sky Solar Holdings (SKYS) and software firm Gridsum (GSUM), which fell 3.7% and 3.1%.

In South Asia, the gainers were led by automaker Tata Motors (TTM) and mining company Vedanta (VEDL), which climbed 3.7% and 2.6% respectively. They were followed by IT company SIFY Technologies (SIFY) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 2.9% and 1%.

Pharmaceutical firm Dr. Reddy’s Laboratories (RDY) was the lone decliner in South Asia, falling 0.3%.