Asian American Depositary Receipts fell on Wednesday amid broad
concerns on the U.S. economy after a private survey showed
companies added fewer jobs than forecast.
U.S private-sector payrolls increased by 139,000 new jobs in
February, according to payroll processor Automatic Data Processing
), compared with an expected post of 158,000. January's job count
was revised down to 127,000 from the previously reported
The Bank of New York Asian index of American depositary receipts
slipped 0.5% to 143.77.
Yongye International (
) fell 7.9% to $6.03 after saying a majority of shareholders didn't
approve a proposal to go private. The fertilizer maker in September
agreed to a takeover plan pending approval by a majority of
Other decliners included Country Style Restaurant Chain (
), a quick service restaurant chain in China, down 5.8% to $10.32
and China Ming Yang Wind Power Group (MY US), a wind turbine maker,
down 5.7% to $3.82.
Semiconductor company Vimicro International (
) gained 12.5% to $4.50 to be the best performing ADR on the day.
Next best was Lentuo International (
), an automobile retailer, up 9.5% to $4.71, followed by marketing
company SouFun (SUFN), which rose 9% to $91.55. All three are
Some 10 of the 16 Japanese ADRs fell, with the largest decliner
being semiconductor and component test system products company
Advantest (ATE), down 2% to $10.41.
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