Asian ADRs Move Higher in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.38% higher at 156.33 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by micro lending firm Qudian ( QD ), which soared 23.5%, followed by online sports lottery service provider 500.com ( WBAI ), video aggregation app Qutoutiao ( QTT ), and consumer lending company Hexindai ( HX ), which climbed 7.9%, 7.6%, and 6.7% respectively.

The decliners in North Asia were led by China New Borun ( BORN ), a producer of corn-based edible alcohol, and JMU Limited (JMU), which fell 8.9% and 4.8% respectively. They were followed by financial services company China Finance Online (JRJC), and 111, Inc. (YI), a digital and mobile healthcare platform in China, which were down 3.5% and 2.9%.

In South Asia, the gainers were led by IT companies Infosys (INFY), Wipro (WIT), and SIFY Technologies (SIFY), which rose 3.3%, 3.2%, and 2.7% respectively, followed by telecommunications operator Telekomunikasi Indonesia (TLK), which was up 2%.

Biotech firm ASLAN (ASLN) was the lone decliner in South Asia, falling 5.6%.

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: QD , WBAI , QTT , HX ,

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