Asian ADRs Move Higher

American depository receipts of Asian stocks were trading 0.60% higher at 146.91 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by Baozun (BZUN), a brand e-commerce solutions company, and airline operator China Southern Airlines (ZNH), which surged 8% and 5.4% respectively. They were followed by Korean steel company POSCO (PKX), and social networking platform MOMO Inc. (MOMO), which rose 4.4% and 3.8% respectively.

The decliners in North Asia were led by Renren (RENN), a social networking Internet platform in China, and multimedia company Hong Kong Television Network (HKTVY), which fell 3.5% and 2.7% respectively. They were followed by online game developer The9 (NCTY), and fabless semiconductor company Silicon Motion Technology (SIMO), each of which lost 2.5%.

In South Asia, the gainers were led by WNS Holdings (WNS), a provider of business process management services, and IT firm SIFY Technologies (SIFY), which rose 3% and 2.6% respectively. They were followed by HDFC Bank (HDB), and natural resources firm Vedanta (VEDL), which were up 2.1% and 1.6% each.