Tuesday's Asia ADR Recap: China Mobile

According to finextra.com, Indian information technology leader Infosys Technologies (INFY Quote) is close to signing a deal with Spain-based financial group Banco Bilbao Vizcaya Argentaria (BBV Quote) for the supply of its Finacle core banking technology platform, which includes wealth management applications, mobile banking solutions and a new Islamic banking option. Shares of Infosys climbed 1.9% to $43.94.

Among the worst-performing Indian ADRs Tuesday were Icici Bank (IBN Quote), which dove 4% to $37.74; Rediff.com (REDF Quote), which dropped 4% to $7.34; Mahanagar Telephone Nigam (MTE Quote), which moved down 3.2% to $4.71; and Tata Motors (TTM Quote), which lost 2.3% to $14.83.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

Stocks in China rose Tuesday with shares in Hong Kong leading the advance after the government reported robust export growth for April driven by strong trade with mainland China and other Asian nations that offset weak demand from the U.S. April export sales jumped 14.5% from the previous year to $31 billion, vs. 7.6% in March.

"We see evidence of decoupling here, where growth in other nations remains strong, while U.S. demand slows. But whether this will be sustained in the coming months is a big question. In the months ahead, I see external weakness starting to trickle into the export numbers," said Kelvin Lau, economist with Standard Chartered.

The Shanghai Composite Index closed up 10.86 points, or 0.3%, at 3,375.41, and Hong Kong's Hang Seng Index rose 154.73 points, or 0.64%, to 24,282.04. Here's a look at how some China-based American depositary shares traded in the U.S. Tuesday.