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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: NMR , HKTVY , PHI


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