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Asian ADRs Move Higher in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.29% higher at 180.11 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by real estate services provider Leju Holdings ( LEJU ), and hotel operator GreenTree Hospitality ( GHG ), which rose 3.4% each. They were followed by solar equipment manufacturer ReneSola ( SOL ), and consumer lending company Hexindai ( HX ), which were up 2.9% and 2.6%.

The decliners in North Asia were led by travel services provider CTrip.com International ( CTRP ), and fabless semiconductor company Himax Technologies (HIMX), which lost 1.4% and 1.2% respectively. They were followed by search engine Baidu (BIDU), and direct sales company JD.com (JD), which were down 0.7% and 0.5%.

In South Asia, the only gainers were telecommunications firm Telekomunikasi Indonesia (TLK), and WNS Holdings (WNS), a provider of business process management services, which were up 2.6% and 0.6% respectively.

IT services firms Wipro (WIT), and SIFY Technologies (SIFY) led the decliners in South Asia, falling 1.6% and 1.4% respectively. They were followed by telecommunications provider PLDT (PHI), and IT company Infosys (INFY), which were off 1.1% and 0.1%.

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: LEJU , GHG , SOL , HX , CTRP


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