Asian ADRs as a group rose 0.27% to 154.04 on Friday morning,
according to data published by the Bank of New York Melon Europe
ADRs were following Asian indices higher, even as the week
included a report showing that Japan's gross domestic product
contracted by 1.7% in Q2 while Hong Kong lowered its growth
forecast after GDP fell 0.1% in the quarter.
Internet, technology and solar companies led gainers, with
business-to-consumer firm E-Commerce China Dangdang (
) rising 2.9% and online discount retailer Vipshop Holdings (
) up 3.4%.
Anti-virus software firm Qihoo 360 Technology (
) added 2.7% and China Mobile (
) rose 3.1%.
Solar companies ReneSola (
), Trina Solar (TSL) both rose 1.6% while JinkoSolar (JKS) was up
NQ Mobile (NQ) led decliners, down 3.7% at $6.17, having earlier
traded as low as $5.56, as its CFO KB Teo resigned, citing "family
reasons." The company said his departure is not related to company
operations, policies or accounting practices.
Online direct sales company JD.Com (JD) fell 0.9% at $29.75,
having earlier traded as low as $28.10. Social media platform (WB)
was down 6.7% even as it trimmed its Q2 loss to meet views and
guided for strong Q3 revenue.
Other decliners included Xinyuan Real Estate (XIN), which
dropped 13.1% as its Q2 sales fell 16% from a year ago, and
software and IT services firm Wipro (WIT) shed 0.9%.
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