Vimicro International Corp. (
) led gains among American depositary receipts of Asian companies
Thursday, while the region's markets were mixed.
Japanese stocks ended the session down for the first time in
three days. U.S. stocks rose on a holiday-shortened week following
a stronger-than-expected jobs report.
The Bank of New York Asia ADR Index gained 0.07%, compared with
a 0.3% gain for the S&P 500 Stock Index. Decliners led
advancers 78 to 70.
Vimicro gained 11% to $3.14 per ADR, the second day of gains
after the Chinese electronics maker won a government supply
Tuniu Corp. (
) rose 5.6% to $17.44 per ADR for its second day of gains after
announcing James Liang, chief executive officer of online travel
company Ctrip.com International Ltd. (
), joined the board of directors of the Chinese marketer of
Elong Inc. (
) gained 4.4% to $21.65 per ADR after an unconfirmed report that
Ctrip.com planned to buy a stake in the rival online travel
Tata Motors Ltd. (
) rose 2.6% to $42.22 per ADR after shareholders a rejected a plan
to pay three board members more than legal limits.
Asian ADR gainers included Tarena International Inc. (TEDU) +6%,
Mecox Lane Ltd. (MCOX) +3% and China Eastern Airlines Corp. (CEA)
NQ Mobile Inc. (NQ) plunged 31% to $4.67 after the Chinese maker
of mobile apps announced changes to board of directors as the head
of its audit committee resigned.
Weibo Corp. (WB) fell 4.6% to $20.99 per ADR as a university
study showed that China's government censored the video website
more heavily on July 1, the date of a pro-democracy march in Hong
Asian ADR decliners included Chinacache International Holdings
Ltd. (CCIH) -5.9%, China Digital TV Holding Co. (STV) -4.5% and
JD.com Inc. (JD) -4%.
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