Asian ADRs Move Higher in Wednesday Trading

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American depositary receipts of Asian stocks were trading 0.03% higher at 185.15 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by semiconductor company United Microelectronics ( UMC ), and video-sharing site Bilibili ( BILI ), which climbed 7.1% and 6.8% respectively. They were followed by solar equipment provider ReneSola ( SOL ), and Semiconductor Manufacturing International ( SMI ), which were up 6.1% and 4.6%.

The decliners in North Asia were led by online sports lottery service provider 500.com ( WBAI ), and B2B online e-commerce platform JMU Limited (JMU), which fell 8.8% and 8.2% respectively. They were followed by educational services provider TAL Education (TAL), and consumer lending company Hexindai (HX), which lost 7.3% and 3.7%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 4.2%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), and automaker Tata Motors (TTM), which were up 0.2% and 0.1%.

Digital entertainment company Sea Limited (SE) led the decliners in South Asia, falling 6.8%, followed by telecommunications provider PLDT (PHI), which dropped 3.1%. IT companies SIFY Technologies (SIFY), and HDFC Bank (HDB) were off 1.5% and 1.4%.

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: UMC , BILI , SOL , SMI , WBAI

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