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Asian ADRs Move Higher in Friday Trading


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American depositary receipts of Asian stocks were trading higher with the Bank of New York Mellon Asia ADR Index on Friday climbing 1.47% to 159.89.

In North Asia, the gainers were led by display advertising company Airmedia ( AMCN ), which surged 12.4%, while 58.com ( WUBA ) and 500.com ( WBAI ), 2.2%, and 6.8% respectively.

The decliners in North Asia included B2B online e-commerce platform JMU Limited ( JMU ), which slumped 3.9%. Educational services provider China Online Education ( COE ), fables semiconductor company Himax Technologies (HIMX), and educational services provider RISE (REDU) fell 6.5%, 2.3%, and 2.1% respectively.

In South Asia, the gainers were led by mining company Vedanta (VEDL), and ICICI Bank (IBN), which climbed 5.2% and 3.8% respectively. They were followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and digital entertainment company Sea Limited (SE), which rose 1.6% and 0.2% respectively.

Automaker Tata Motors (TTM) was the only decliner in South Asia, falling 0.2%.

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: WUBA , WBAI , JMU , COE



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