Asian ADRs Move Higher in Friday Trading

Shutterstock photo

American depositary receipts of Asian stocks were trading 0.72% higher at 164.11 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by video-sharing service iQIYI ( IQ ) and real estate portal Fang Holdings ( SFUN ), which climbed 10.2% and 6.9% respectively. They were followed by solar equipment provider JinkoSolar ( JKS ) and used car ecommerce platform Uxin ( UXIN ), which rose 5.7% and 5.5%.

The decliners in North Asia were led by online sports lottery service provider 500.com ( WBAI ) and branding and marketing company Acorn (ATV), which fell 5.7% and 3.1%. They were followed by display advertising company Airmedia (AMCN) and internet service provider Internet Initiative Japan (IIJI), which dropped 2.9% and 0.4%.

In South Asia, the gainers were led by mining company Vedanta (VEDL) and automaker Tata Motors (TTM), which rose 4% and 3.7% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and biotech firm ASLAN (ASLN), which were up 2.2% and 1.6%.

HDFC Bank (HDB) was the lone decliner in South Asia, falling 0.4%.

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: IQ , SFUN , JKS , UXIN , WBAI

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?