Asian ADRs Move Lower in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.01% lower at 171.91 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by electronics and entertainment company Sony ( SNE ), and oil company China National Offshore Oil ( CEO ), which rose 2.4% and 2% respectively. They were followed by mobile applications developer LINE Corp ( LN ), and power management component provider O2Micro International ( OIIM ), which were up 1.2% and 1.1%.

The decliners in North Asia were led by social media platform YY Inc. ( YY ), and Chinese search engine Sogou (SOGO), which fell 2.2% and 0.7% respectively. They were followed by social media platform Weibo Corporation (WB), and online game operator Huya (HUYA), which were down 0.6% each.

In South Asia, the gainers were led by telecommunications providers PLDT (PHI), and Telekomunikasi Indonesia (TLK), which were up 1.9% and 0.6% respectively. They were followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and WNS Holdings (WNS), a provider of business process management service, which were up 0.4% and 0.3%.

ICICI Bank (IBN) led the decliners in South Asia, falling 3.3%, followed by automaker Tata Motors (TTM), which dropped 3.1%. HDFC Bank (HDB), and digital entertainment company Sea Limited (SE) lost 0.7% and 0.3%.

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: SNE , CEO , LN , OIIM , YY

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