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Asian ADRs Move Higher in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.46% higher at 184.64 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by internet data center services provider 21Vianet ( VNET ), which surged 16.9%, followed by media company Phoenix New Media ( FENG ), and financial services firm Fanhua ( FANH ), which climbed 9.9% and 7.2% respectively. E-commerce company Vipshop ( VIPS ) was up 4.8%.

The decliners in North Asia were led by RYB Education ( RYB ), a provider of preschool education in China, and online video platform iQIYI (IQ), which fell 6.6% and 3.8% respectively. They were followed by educational services provider Four Seasons (FEDU), and wearable device maker Huami (HMI), which lost 2.9% and 2.3%.

In South Asia, the gainers were led by digital entertainment company Sea Limited (SE), and telecommunications provider Telekomunikasi Indonesia (TLK), which rose 9.2% and 3.2% respectively. They were followed by automaker Tata Motors (TTM), and natural resources company Vedanta (VEDL), which were up 1.5% and 1%.

Telecommunications provider PLDT (PHI) led the decliners in South Asia, falling 3%, followed by HDFC Bank (HDB), and ICICI Bank (IBN), which were off 0.8% and 0.7% 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: VNET , FENG , FANH , VIPS , RYB



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