Asian ADRs Move Lower in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.45% lower at 162.94 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by financial technology company Pintec ( PT ) and Cango ( CANG ), an online marketplace for cars, which climbed 14.5% and 7.3% respectively. They were followed by polysilicon manufacturer Daqo New Energy ( DQ ) and airline operator China Southern Airlines ( ZNH ), which rose 7.2% and 6.3%.

The decliners in North Asia were led by online discount retailer Vipshop ( VIPS ) and wearable device maker Huami (HMI), which fell 11.4% and 5.3% respectively. They were followed by technology company NetEase (NTES) and 58.com (WUBA), a provider of online classifieds and listing platforms, which lost 4.5% and 4%.

In South Asia, the gainers were led by automaker Tata Motors (TTM) and ICICI Bank (IBN), which rose 1.9% and 1.5% respectively. They were followed by mining company Vedanta (VEDL) and biotech firm ASLAN (ASLN), which were up 1% and 0.9%.

Digital entertainment company Sea Limited (SE) led the decliners in South Asia, falling 2.1%, followed by IT companies Sify Technologies (SIFY) and Infosys (INFY), which dropped 1.2% each. Telecommunications operator Telekomunikasi Indonesia (TLK) was off 0.7%.

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: PT , CANG , DQ , ZNH , VIPS

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