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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: LPL , KEP , ATAI , LX , BSTI



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