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Asian ADRs Move Lower in Friday Trading


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American depositary receipts of Asian stocks were trading 1.09% lower at 160.43 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers included IT company ChinaCache ( CCIH ), which rose 1.7%. It was followed by Semiconductor Manufacturing International ( SMI ) and telecommunications reseller Chunghwa Telecom ( CHT ), which were up 0.6 % and 0.4%.

The decliners in North Asia were led by B2B platform JMU Limited ( JMU ), and Huya ( HUYA ), which shed 10.4% and 8.2% respectively. They were followed by financial services company China Finance Online (JRJC) and used car ecommerce platform Uxin (UXIN), which were down 7.6% and 6.6%.

In South Asia, the gainers were led by ICICI Bank (IBN), which rose 1.1%, followed by HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which were up 0.9% and 0.7% respectively.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 3.8%, followed by IT company SIFY Technologies (SIFY), which lost 1.9%. Digital entertainment company Sea Limited (SE) and telecommunications operator Telekomunikasi Indonesia (TLK) were down 1.8% and 1.4% 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: CCIH , SMI , CHT , JMU , HUYA




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