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Asian ADRs Move Higher in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.71% higher at 185.15 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by express delivery company ZTO Express ( ZTO ), and commercial wheel manufacturer China Zenix Auto International ( ZX ), which rose 3.9% and 2.9% respectively. They were followed by airline operator China Eastern Airlines ( CEA ), and oil company Sinopec Shanghai Petrochemical ( SHI ), which were up 2.7% and 2.2%.

The decliners in North Asia were led by social media platform YY Inc. ( YY ), and Korean steel company Ossen Innovation (OSN), which fell 8.5% and 5.6% respectively. They were followed by polysilicon manufacturer Daqo New Energy (DQ), and solar equipment company JinkoSolar (JKS), which were off 4.7% and 4.4%.

In South Asia, the gainers were led by automaker Tata Motors (TTM), and IT firm Wipro (WIT), which rose 2.5% and 2.3% respectively. They were followed by mining company Vedanta (VEDL), and IT company Infosys (INFY) which increased 1.2% and 1.1%.

IT company SIFY Technologies (SIFY), and digital entertainment company Sea Limited (SE) were the only decliners in South Asia, falling 2% and 0.2% 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: ZTO , CEA , SHI , YY



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