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.

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This article appears in: Investing , Stocks
Referenced Symbols: WUBA , WBAI , JMU , COE

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