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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: GRVY , SOL , IMOS , ACH , CMCM



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