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.

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This article appears in: Investing , Stocks
Referenced Symbols: JKS , CEA , HUYA , LITB , SOL

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