American depository receipts of Asian stocks were trading 0.3% lower at 150.04 on the Bank of New York Mellon Asia ADR Index on Tuesday.
Decliners in North Asia were led by Taiwan-based semiconductor designer Himax Technologies ( HIMX ), down 8.4%, followed by wealth management service provider Noah Holdings ( NOAH ), down 4.2% and mobile game publishing platform iDreamSky Technology ( DSKY ), 4.2% lower.
Online sports lottery service provider 500.com ( WBAI ) was also down by 3.9%.
In Southern Asia, online business and consumer offerings provider Rediff.com India ( REDF ) was down 2.2% followed by business consulting services company Infosys (INFY), down 1.7%, and telecommunication company Philippine Long Distance Telephone (PHI), 1.3% lower.
Information technology company Wipro (WIT) was also down 1.3%.
Gainers in North Asia were led by renewable energy companies ReneSola (SOL), Yingli Green Energy (YGE) and Trina Solar (TSL), up 6.9%, 6.6% and 6.1% respectively. Search-based commerce platform Qunar (QUNR) was also trading 5.9% higher.
And in southern Asia, integrated global pharmaceutical company Dr Reddy’s Laboratories (RDY) gained 2.8% while diversified metal and mining company Sesa Sterlite (SSLT) expanded 2.6% and e-payment solutions provider MOL (MPLHG) rose 2.4%.
Indian car manufacturer Tata Motors (TTM) was also up 1.0%.
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Asian ADRs Lower Despite Gains in Renewable Energy Stocks
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