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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: BZUN , COE , CHU , NTES



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