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Asia ADRs Nudge Higher in Thursday Session


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American depositary receipts of Asian stocks were trading 0.8% higher at 181.16 on the Bank of New York Mellon Asia ADR Index on Thursday morning.

Gainers in North Asia were led by content and application delivery services provider ChinaCache ( CCIH ), up 9.3%; followed by wealth management service provider Jupai Holdings ( JP ), 10% higher; online retailer LightInTheBox ( LITB ), up 6.2%; and mobile internet services provider NQ Mobile ( NQ ), 5% higher.

In South Asia, shares of internet company Sea Limited ( SE ) increased 5.3%; Indian telecom Telekomunikasi Indonesia (TLK) rose 2.1%, and Philippine telecom PLDT (PHI) gained 1%.

Decliners in North Asia were led by web-based financial services provider China Finance Online (JRJC), down 7.9%; followed by manufacturer of steel materials Ossen Innovation (OSN), 5.9% lower; education services provider China Online Education (COE), down 3.4%; and internet company Cheetah Mobile (CMCM), 2.5% lower.

And, in South Asia, shares of drug maker Dr. Reddy's Laboratories (RDY) decreased 0.5%, provider of subscription television services Videocon d2h (VDTH) declined 0.2%, and Mumbai-based financial group HDFC Bank (HDB) lost 0.1%.

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: CCIH , JP , LITB , SE


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