Asian ADRs Move Higher in Wednesday Trading

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American depositary receipts of Asian stocks were trading 0.5% higher at 1,505.24 on the BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by airline operators China Eastern Airlines ( CEA ) and China Southern Airlines ( ZNH ), which climbed 10.2% and 9% respectively. They were followed by financial services company China Finance Online ( JRJC ) and branding and marketing firm Acorn ( ATV ), which rose 5% and 3.8%.

The decliners in North Asia were led by news aggregator Qutoutiao ( QTT ) and internet service provider Internet Initiative Japan (IIJI), which fell 8% and 5.5% respectively. They were followed by solar panel manufacturer Yingli Green Energy (YGEHY) and display advertising company Airmedia (AMCN), which lost 4.2% and 2.7%.

In South Asia, the gainers were led by automaker Tata Motors (TTM) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 1.5% and 0.9% respectively. They were followed by digital entertainment company Sea Limited (SE) and IT company Wipro (WIT), which were up 0.5% and 0.4%.

ICICI Bank (IBN) led the decliners in South Asia, falling 1.4%, followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which dropped 1.1%.

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: CEA , ZNH , JRJC , ATV , QTT

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