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Asian ADRs Move Higher in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.52% higher at 174.74 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by Fronteo ( FTEO ), a provider of Asian-language e-discovery solutions and services, and real estate services provider Leju Holdings ( LEJU ), which surged 10% and 7.7% respectively. They were followed by media company Phoenix New Media ( FENG ), and Aurora Mobile ( JG ), a data collecting and analytics platform, which rose 4.3% and 3.8%.

The decliners in North Asia were led by travel company Tuniu Corp ( TOUR ), and real estate internet portal Fang Holdings (SFUN), which fell 8.5% and 6.5% respectively. They were followed by video-sharing site Bilibili (BILI), and wealth management firm Noah Holdings (NOAH), which lost 3.8% each.

In South Asia, the only gainers were by ICICI Bank (IBN), and telecommunications provider Telekomunikasi Indonesia (TLK), which were up 0.6% and 0.2% respectively.

Pharamceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 2.4%, followed by mining company Vedanta (VEDL), telecommunications operator PLDT (PHI), and IT company Infosys (INFY), which were off 1.6%, 1.3%, and 1.1% 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: FTEO , LEJU , FENG , JG , TOUR



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