Asian ADRs Move Higher in Friday Trading

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American depository receipts of Asian stocks were trading 0.19% higher at 173.23 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by O2Micro International ( OIIM ), which makes power management components, and IT company ChinaCache ( CCIH ), which climbed 4.7% and 4.5% respectively. They were followed by wealth management firm Noah Holdings ( NOAH ), and Semiconductor Manufacturing International ( SMI ), which rose 4.0% and 3.9%.

The decliners in North Asia were led by online car marketplace Cango ( CANG ), which surged 7.7%, followed by technology company Xunlei (XNET), which was up 4.8%. Financial services provider Fanhua (FANH), and biopharmaceutical firm Zai Lab (ZLAB) were down 2.5% and 2.1% respectively.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and automaker Tata Motors (TTM), which rose 4.1% and 2.4% respectively. They were followed by IT companes Wipro (WIT), and Infosys (INFY), which were up 2.3% and 1.1%.

There were no decliners in South Asia.

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: OIIM , CCIH , NOAH , SMI , CANG

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