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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.

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



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



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