Tuesday's Asia ADR Recap

According to Bloomberg, U.S.-based banking giant Citigroup(C Quote) plans to raise an additional $400 million for investment in Indian roads, ports, power plants and other utilities as part of an investment fund. Citigroup and Mumbai-based financing company Infrastructure Development have previously raised $525 million for the fund that will invest in upgrading India's infrastructure. Shares of Citigroup traded up 2.2% to $17.13 in American trading.

Tata Communications(TCL Quote), an Indian global communications solutions company, announced it will be the first provider to offer private and public Cisco TelePresence rooms to businesses around the world. Telepresene allows users to collaborate and make decisions in high conferencing facilities with superior audio, video and environmental qualities. Shares of Tata Communications finished essentially flat at $17.82.

Leading the Indian ADRs to the downside Tuesday were Rediff.com(REDF Quote), which dove 11% to $6.86; WNS Holdings(WNS Quote), which moved down 5% to $16; Sify Technologies(SIFY Quote), which fell 4.6% to $3.66; and ICICI Bank (IBN Quote), which dropped 4.6% to $27.43.

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 mainland China continued to slide on Tuesday after the world's fastest-growing emerging market expanded at its worst pace in almost three years, according to a survey of purchasing managers by the China Federation of Logistics and Purchasing. The purchasing managers index for the manufacturing sector fell to 52.0 in June, vs. 53.3 in May and 59.2 in April, the CFLP said. A reading over 50 indicates an expansion of activity, while anything under 50 suggests contraction.