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Asian ADRs Move Lower in Thursday Trading


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American depositary receipts of Asian stocks were trading 0.43% lower at 159.13 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by display media company Airmedia ( AMCN ) and IT company ChinaCache ( CCIH ), which climbed 6.1% and 4.1% respectively. They were followed by hospitality company GreenTree Hospitality ( GHG ) and oil and gas company China National Offshore Oil ( CEO ), which rose 4.1% and 2.5%.

The decliners in North Asia were led by educational services provider RYB Education ( RYB ), which tumbled 12.2%, followed by Cheetah Mobile (CMCM), social media platform Weibo Corporation (WB), and video-sharing service Bilibili (BILI), which fell 4.4%, 3.8%, and 3.5% respectively.

In South Asia, the gainers were led by mining company Vedanta (VEDL) and pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 3.6% and 3.1% respectively. They were followed by HDFC Bank (HDB) and ICICI Bank (IBN), which were p 1.8% and 1.2%.

IT company Infosys (INFY) led the decliners in South Asia, falling 1.4%, followed by telecommunications operators PLDT (PHI), and Telekomunikasi Indonesia (TLK), which were off 0.8% and 0.3% 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: AMCN , CCIH , GHG , CEO , RYB




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