Asian ADRs Move Lower in Friday Trading

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American depositary receipts of Asian stocks were trading 1.61% lower at 156.81 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by LG Display ( LPL ), a manufacturer of thin-film transistor liquid crystal displays, and electricity provider Korea Electric Power ( KEP ), which rose 4.7% and 2.1% respectively. They were followed by ATA ( ATAI ), a provider of computer-based testing services in China, and online direct sales provider LexinFintech ( LX ), which were up 1.8% and 0.3%.

The decliners in North Asia were led by supply chain service provider BEST ( BSTI ), which tumbled 13.8%, followed by e-commerce solutions company Baozun (BZUN), Chinese search engine Sogou (SOGO), and video-sharing service Bilibili (BILI), which fell 6.7%, 6.2%, and 5.9% respectively.

In South Asia, the gainers were led by automaker Tata Motors (TTM), which rose 1.8%, followed by ICICI Bank (IBN), and IT services firm Wipro (WIT), which were up 0.7% and 0.2%.

Telecommunications operator PLDT (PHI) led the decliners in South Asia, falling 6.1%, followed by digital entertainment company Sea Limited (SE), which lost 4.2%. WNS Holdings (WNS), a provider of business process management services, and pharmaceutical firm Dr. Reddy's Laboratories (RDY) were off 1.3% and 1.2% 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: LPL , KEP , ATAI , LX , BSTI

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