Asian ADRs Trading Higher

American depositary receipts of Asian stocks were trading 0.35% higher at 167.87 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, the gainers were led by IT company ChinaCache (CCIH), and solar enegy company Hanwha Q Cells (HQCL), which rose 7.7% and 4.8% respectively. They were followed by solar equipment maker JA Solar (JASO), and educational services provider TAL Education (TAL), which were up 3.1% and 2.5%.

The decliners in North Asia were led by educational services firm Tarena (TEDU), and mobile-based social networking platform MOMO Inc. (MOMO), which tumbled 15.2% and 11.7% respectively. They were followed by mobile app company Cheetah Mobile (CMCM), and Baozun (BZUN), a brand e-commerce solutions company, which shed 10.9% and 8.6%. In South Asia, the gainers were led by auto maker Tata Motors (TTM), and direct-to-home video provider Videocon d2h (VDTH), which rose 0.6% and 0.4% respectively. They were followed by telecommunications services provider Telekomunikasi Indonesia (TLK), and WNS Holdings (WNS), a provider of business process management services, which were up 0.3% and 0.2%.