Asian ADRs Move Higher in Thursday Trading

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American depository receipts of Asian stocks were trading 0.45% higher at 151.21 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Korean steel company POSCO ( PKX ), which surged 9.4%, followed by China Digital TV Holding ( STV ), a provider of conditional access ( CA ) systems, which rose 3.7%. Telecommunications company China Unicom ( CHU ), and Japanese financial holding company Nomura ( NMR ), were up 3.4% each.

The decliners in North Asia were led by marketing and branding company Acorn (ATV), and real estate company GDS Holdings (GDS), which fell 2.1% each. They were followed by LG Display (LPL), which makes thin-film transistor liquid crystal displays, and internet service provider Internet Initiative Japan (IIJI), which dropped 2% and 1.9% respectively.

In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), which rose 1.1%. SIFY was followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK), and direct-to-home video provider Videocon d2h (VDTH), which edged up 0.1% each.

Philippines telecommunications provider PLDT (PHI) led the decliners in South Asia, falling 1.2%, followed by automaker Tata Motors (TTM), which lost 0.6%. Pharmaceutical company Dr. Reddy's Laboratories (RDY), and HDFC Bank (HDB) were off 0.3% each.

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: PKX , CHU , NMR

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