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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.

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





This article appears in: Investing , Stocks
Referenced Symbols: CEA , ZNH , JRJC , ATV , QTT



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