Asian ADRs Move Lower in Friday Trading



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American depositary receipts of Asian stocks were trading 0.03% lower at 158.37 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by fables semiconductor company Himax Technologies ( HIMX ), and diagnostic imaging center operator Concord Medical Services ( CCM ), which rose 3.7% and 3.6% respectively. They were followed by Aurora Mobile ( JG ), a data collecting and analytics platform, and electronics and entertainment company Sony ( SNE ), which were up 2.2% and 2.1%.

The decliners in North Asia were led by conditional access TV provider China Digital TV Holding Co. ( STVVY ), which tumbled 12.7%, followed by solar park operator Sky Solar Holdings Ltd (SKYS), Jumei (JMEI), an online retailer of beauty products, and mobile app company Cheetah Mobile (CMCM), which lost 3.2%, 2.8%, and 1.8% respectively.

In South Asia, the gainers were led by IT companies Wipro (WIT), and Infosys (INFY), which climbed 3.2% and 1.3% respectively. They were followed by pharmaceutical firm Dr. Reddy’s Laboratories (RDY), and HDFC Bank (HDB), which rose 0.8% and 0.1%.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 2.6%, followed by automaker Tata Motors (TTM), which dropped 2%. ICICI Bank (IBN), and telecommunications operator Telekomunikasi Indonesia (TLK ) were of 1.6% and 0.6% respectively.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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