Asian ADRs Move Lower in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.56% lower at 183.79 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Baozun ( BZUN ), and commercial wheel manufacturer China Zenix Auto International ( ZX ), which climbed 13.3% and 6.4% respectively. They were followed by educational services provider China Online Education ( COE ), and telecommunications company China Unicom ( CHU ), which rose 1.6% and 1.2%.

The decliners in North Asia were led by technology company NetEase ( NTES ), and online discount retailer Vipshop (VIPS), which shed 9.3% and 3.4% respectively. They were followed by semiconductor company ASE Industrial Holding (ASX), and Korean steel company POSCO (PKX), which were down 2.8% and 2.6%.

In South Asia, the gainers were led by IT firm SIFY Technologies (SIFY), and automobile manufacturer Tata Motors (TTM), which rose 3.4% and 0.6% respectively. They were followed by telecommunications provider Telekomunikasi Indonesia (TLK), and HDFC Bank (HDB), which were up 0.6% and 0.1%.

IT company Infosys (INFY) led the decliners in South Asia, falling 1.4%, followed by natural resources company Vedanta (VEDL), which lost 1%. ICICI Bank (IBN), and pharmaceutical firm Dr. Reddy's Laboratories (RDY) dropped 1% and 0.6% 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: BZUN , COE , CHU , NTES

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