Asian ADRs Move Lower in Thursday Trading

Shutterstock photo

American depositary receipts of Asian stocks were trading 0.56% lower at 155.69 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Uxin ( UXIN ), and solar panel manufacturer Yingli Green Energy ( YGEHY ), which rose 6.2% and 3.7% respectively. They were followed by electricity provider Korea Electric Power ( KEP ), and personal finance company X Financial ( XYF ), which climbed 3.5% and 3.4%.

The decliners in North Asia were led by O2Micro International ( OIIM ), which develops and markets power management components, and internet services firm Sohu.com (SOHU), which fell 4.9% and 4.4% respectively. They were followed by online discount retailer Vipshop (VIPS), and financial holding company KB Financial Group (KB), which were off 3.9% and 2.9%.

In South Asia, the gainers were led by telecommunications operator PLDT (PHI), which rose 3.1%, followed by telecommunications operator Telekomunikasi Indonesia (TLK), and automaker Tata Motors (TTM), which were up 1.4% and 0.5%.

Digital entertainment company Sea Limited (SE) led the decliners in South Asia, falling 2.3%, followed by biotech firm ASLAN (ASLN), which lost 1.8%. IT company Wipro (WIT), and ICICI Bank (IBN) were off 1.3% and 1% 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: UXIN , YGEHY , KEP , XYF , OIIM

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?