Asian ADRs Move Higher in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.42% higher at 157.01 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by online game developer Gravity ( GRVY ), and energy equipment supplier ReneSola ( SOL ), which surged 8.1% and 7.9% respectively. They were followed by semiconductor company ChipMOS ( IMOS ), and Aluminum Corporation of China ( ACH ), which were up 5.3% and 3.9%.

The decliners in North Asia were led by mobile Internet company Cheetah Mobile ( CMCM ), and mobile applications developer LINE Corp (LN), which fell 6.6% and 3.9% respectively. They were followed by car rental company eHi Car Services (EHIC), and healthcare company iKang Healthcare Group (KANG), which were down 2.9% and 2%.

In South Asia, the gainers were led by mining company Vedanta (VEDL), and IT company SIFY Technologies (SIFY), which rose 2.4% and 1.8% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), and ICICI Bank (IBN), which were up 1.1% each.

Pharmaceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 2.6%, followed by IT company Infosys (INFY), which dropped 1.9%. WNS Holdings (WNS), a provider of business process management services, and HDFC Bank (HDB) were off 0.6% and 0.2% respectively.

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: GRVY , SOL , IMOS , ACH , CMCM

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