Asian ADRs Edge Lower in Friday Trading

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American depository receipts of Asian stocks were trading 0.04% lower at 143.28 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by travel service provider CTrip.com International ( CTRP ), which surged 10.1%, followed by online game publisher Gravity ( GRVY ), which climbed 9.5%. Life insurance company China Life Insurance ( LFC ), and aluminum producer Aluminum Corporation of China ( ACH ) rose 7% and 6.3% respectively.

The decliners in North Asia were led by China Digital TV Holding ( STV ), a provider of conditional access systems to China, down 6.8%, and bank holding company Mitsubishi UFJ Financial (MTU), lower 6.4%. Financial holding companies Mizuho Financial (MFG), and Sumitomo Mitsui Financial (SMFG) lost 5.7% and 4.4%, respectively.

In South Asia, the gainers were led by IT services firm Infosys (INFY), and natural resources company Vedanta (VEDL), which rose 3.8% and 1.8% respectively. They were followed by IT company Wipro (WIT), up 1.6%, and pharmaceutical firm Dr. Reddy's Laboratories (RDY), higher 1%.

Indian automobile manufacturer Tata Motors (TTM) led the decliners in South Asia, moving 0.9% lower, followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which fell 0.8%. WNS Holdings (WNS), a provider of business process management services, and ICICI Bank (IBN) dropped 0.5% and 0.4% respectively.

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

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This article appears in: Investing , Stocks
Referenced Symbols: CTRP , GRVY , LFC , ACH ,

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