Asian ADRs Move Higher in Friday Trading

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American depository receipts of Asian stocks were trading 0.18% higher at 135.90 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by Japanese financial services firm Nomura ( NMR ), which was up 4.2%, followed by China Digital TV Holding ( STV ), which gained 4.1%. Bank holding company Mitsubishi UFJ Financial ( MTU ) and broadcaster Hong Kong Television Network ( HKTVY ) increased 3.1% each.

The gainers in South Asia were led by Philippine Long Distance Telephone ( PHI ), which was up 3.7%, followed by HDFC Bank (HDB), which gained 1.2%. Indonesian telco Telekomunikasi Indonesia (TLK) and direct-to-home video provider Videocon d2h (VDTH) rose 1.1% and 1% respectively.

Autohome (ATHM), an online destination for automobile consumers in China, led the decliners in North Asia, falling 5.9%, followed by 21Vianet (VNET), an internet data center services provider, which lost 4.4%. Online game developer Changyou.com (CYOU) and Trina Solar (TSL), a manufacturer of solar power products, shed 4.3% each.

And in South Asia, the decliners were led by IT company Infosys (INFY), which tumbled more than 8%. Infosys was followed by IT services provider Wipro (WIT), which fell 2.8%, and pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 0.6%. ICICI Bank edged 0.3% lower.

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: NMR , HKTVY , PHI

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