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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: UMC , BILI , SOL , SMI , WBAI



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