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.

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This article appears in: Investing , Stocks
Referenced Symbols: AMCN , CCIH , GHG , CEO , RYB

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