Asia ADRs Slip Led By E-Commerce, Chipmakers

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Depository receipts of Asian stocks were down 0.31% to 155.40 in U.S. trading on Friday morning, according to the BNY Mellon's Asia ADR Index.

Decliners were a mixed bag, with Taiwan Semiconductor Manufacturing ( TSM ) being the most active, down 0.4%. Internet services companies such as e-commerce company China Dangdang ( DANG ) and online direct sales company JD.com ( JD ) ) fell 1.2% and 4.0%, respectively.

Sony ( SNE ) was down 2.2% and online car information and pricing services companies Autohome ( ATHM ) slipped 0.5%.


South Asian ADRs such as Tata Motors (TTM) and WNS Holdings (WNS), a provider of offshore business process outsourcing services, fell 1.8% and 2.1%, respectively.

Among gainers were makers of solar power modules including Trina Solar (TSL), up 1.8%, Yingli Green Energy (YGE), gaining 1.6%, Jinko Solar (JKS), adding 1.9% and ReneSola (SOL), higher 2.5%.

Real estate internet portal SouFun (SFUN) added 1.8% and internet search engine (BIDU) rose 0.6% while in South Asia, business consulting and technology firm Infosys (INFY) added 0.4% and Indonesia's Telekomunikasi rose 0.8%.



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

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This article appears in: Investing , Commodities

Referenced Stocks: TSM , DANG , JD , SNE , ATHM

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