American depository receipts of Asian stocks were trading 0.23% higher at 155.06 on the Bank of New York Mellon Asia ADR Index on Tuesday.
In North Asia, the gainers were led by O2Micro International ( OIIM ), a developer of power management components, and financial holding company KB Financial Group ( KB ), which rose 3.3% and 2.7% respectively. They were followed by Korean steel company POSCO ( PKX ), and Kingtone Wirelessinfo Solution ( KONE ), a provider of mobile enterprise solutions, which were up 2.5% and 2.4% respectively.
The decliners in North Asia were led by electronics company Kyocera ( KYO ), and Semiconductor Manufacturing International (SMI), which fell 2.1% and 1.6% respectively. They were followed by media company Phoenix New Media (FENG), and online game publisher Gravity (GRVY), which dropped 1.5% and 1.4% each.
In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), and Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which rose 1.1% and 1% respectively. WNS Holdings (WNS), a provider of business process management services, and HDFC Bank (HDB) increased 0.5% and 0.3% each.
Philippines telecommunications provider PLDT (PHI) led the decliners in South Asia, falling 2.1%, followed by natural resources company Vedanta (VEDL), which lost 1%. Direct-to-home video provider Videocon d2h (VDTH), and automaker Tata Motors (TTM), edged 0.2% and 0.1% lower respectively.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.