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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.

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



This article appears in: Investing , Stocks
Referenced Symbols: SNE , CEO , LN , OIIM , YY


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