Asian ADRs Move Lower in Thursday Trading



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American depositary receipts of Asian stocks were trading 0.56% lower at 155.69 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Uxin ( UXIN ), and solar panel manufacturer Yingli Green Energy ( YGEHY ), which rose 6.2% and 3.7% respectively. They were followed by electricity provider Korea Electric Power ( KEP ), and personal finance company X Financial ( XYF ), which climbed 3.5% and 3.4%.

The decliners in North Asia were led by O2Micro International ( OIIM ), which develops and markets power management components, and internet services firm Sohu.com (SOHU), which fell 4.9% and 4.4% respectively. They were followed by online discount retailer Vipshop (VIPS), and financial holding company KB Financial Group (KB), which were off 3.9% and 2.9%.

In South Asia, the gainers were led by telecommunications operator PLDT (PHI), which rose 3.1%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), and automaker Tata Motors (TTM), which were up 1.4% and 0.5%.

Digital entertainment company Sea Limited (SE) led the decliners in South Asia, falling 2.3%, followed by biotech firm ASLAN (ASLN), which lost 1.8%. IT company Wipro (WIT), and ICICI Bank (IBN) were off 1.3% and 1% 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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