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Asian ADRs Move Lower in Friday Trading


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American depositary receipts of Asian stocks were trading 0.17% lower at 160.34 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, gainers were led by solar equipment company JinkoSolar ( JKS ) which surged 10.8%. It was followed by airline operator China Eastern Airlines ( CEA ), which climbed 7% and online game operator Huya ( HUYA ), which rose 3%.

The decliners in North Asia were led by online retailer LightInTheBox ( LITB ), and solar power company ReneSola ( SOL ), which fell 9.6% and 5.1% respectively. They were followed by semiconductor company United Microelectronics (UMC), and 111, Inc. (YI), which were off 3.3% and 2.3%.

In South Asia, the gainers were led by mining company Vedanta (VEDL), and HDFC Bank (HDB), which rose 5.9% and 2.2% respectively. They were followed by automaker Tata Motors (TTM) which was up 1%.

IT company Wipro (WIT) led the decliners in South Asia, falling 2.3%, followed by digital entertainment company Sea Limited (SE), pharmaceutical firm Dr. Reddy's Laboratories (RDY), and WNS Holdings (WNS), a provider of business process management services, which dropped 1.5%, 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: JKS , CEA , HUYA , LITB , SOL



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