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Asian ADRs Move Higher in Friday Trading


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American depositary receipts of Asian stocks were trading 0.58% higher at 178.47 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by LINE Corp ( LN ), and semiconductor company ChipMOS ( IMOS ), which rose 6.5% and 6.3% respectively. They were followed by electricity provider Korea Electric Power ( KEP ), and solar equipment maker ReneSola ( SOL ), which were up 6.0% and 5.7%.

The decliners in North Asia were led by online video platform iQIYI ( IQ ), and video-sharing website Bilibili (BILI), which fell 9.3% and 4.4% respectively. They were followed by Baozun (BZUN), a brand e-commerce solutions company, and Chinese search engine Sogou (SOGO), which dropped 1.7% and 1.6%.

In South Asia, the gainers were led by digital entertainment company Sea Limited (SE), and IT firm SIFY Technologies (SIFY), which rose 3.8% and 1.7% respectively. They were followed by mining company Vedanta (VEDL), and HDFC Bank (HDB), which were up 1.7% and 1.3%.

Telecommunications provider PLDT (PHI) was the lone decliner in South Asia, falling 1%.

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: LN , IMOS , KEP , SOL , IQ



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