Asian ADRs Move Lower in Wednesday Trading


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American depository receipts of Asian stocks were trading 0.73% lower at 136.50 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, aluminum producer Aluminum Corporation of China ( ACH ) led the gainers, rising 6.3%, followed by solar park operator Sky Solar Holdings ( SKYS ), which moved 3.6% higher. ChinaCaceh ( CCIH ) and Airmedia ( AMCN ) increased 3.2% and 2.3%, respectively.

In South Asia, the gainers were lead by IT firm SIFY ( SIFY ), which rose 1.9%. SIFY was followed by direct-to-home video provider Videocond2h (VDTH), and business management consultant firm Infosys (INFY), which were up 0.5% and 0.3%, respectively.

Japanese financial services firm Nomura (NMR) led the decliners in North Asia, falling 3.4%, followed by Sumitomo Mitsui Financial (SMFG) and Autohome (ATHM), which dropped 2.5% and 2.4%, respectively. Mizuho Financial (MFG) lost 2.2%.

The decliners in South Asia were led by Philippine Long Distance Telephone (PHI) and Indian automobile manufacturer Tata Motors (TTM), which shed 4.5% and 3.3% each. They were followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK) and business process management provider WNS Holdings (WNS), which dropped 2.4% and 2.2%, respectively.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: ACH , SKYS , CCIH , AMCN , SIFY


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