Asian American depositary receipts gained on Friday, bucking a
selloff in U.S. markets that extended for a second day.
A report on U.S. producer pricing spurred unexpected inflation
concerns, while preliminary readings of April consumer sentiment
were better than forecast.
The BNY Mellon Asian ADR Index gained 0.4%, narrowing its
year-to-date loss to 5.9%.
) rose 1.9% to $105.34 per ADR after Mizuho upgraded its investment
rating on the car maker's stock to buy from neutral.
), a Japanese provider of data analysis, jumped 9% to $11.40 after
introducing a litigation analysis system that can handle 200
terabytes of data per application. The service will be available on
Visionchina Media (
), a Chinese operator of digital TV networks on mass-transit
systems, gained as much as 6% before fading after signing an
agreement with China Unicom to provide Wi-Fi services on public
transportation throughout the country.
Mobile app provider Sungy Mobile (
) gained 5.3%, while online sports lottery operator 500.com (
) advanced 5.2%. Medical R&D outsourcer Wuxi Pharmatech (WX)
Multi-platform marketing company Acorn International (ATV) led
Asian ADR decliners with a 16% plunge. It was followed by NQ Mobile
(NQ), down 13% to $13.95, and China Mobile Games &
Entertainment (CMGE), down 7.44% to $17.17.
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