Asian ADRs Move Higher in Friday Trading

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American depositary receipts of Asian stocks were trading 0.60% higher at 165.27 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by securities brokerage China Finance Online ( JRJC ), and consumer lending company Hexindai ( HX ), which rose 13.4% and 8.1% respectively. They were followed by educational services provider Hailiang Education ( HLG ), and news aggregator Qutoutiao ( QTT ), which were up 6.2% and 2.4%.

The decliners in North Asia were led by B2B platform JMU Limited ( JMU ), and solar park operator Sky Solar Holdings (SKYS), which fell 9.3% and 6.3% respectively. They were followed by solar panel manufacturer Yingli Green Energy (YGEHY), and online consumer finance services provider LexinFintech (LX), which were off 6.3% and 2%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), and mining company Vedanta (VEDL), which rose 6.4% and 2.7% respectively. They were followed by automaker Tata Motors (TTM), and telecommunications operator Telekomunikasi Indonesia (TLK), which were up 2.2% and 1.9%.

Telecommunications operator PLDT (PHI) was the only decliner in South Asia, falling 0.1%.

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: JRJC , HX , HLG , QTT , JMU

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