Quantcast

Asian ADRs Move Lower in Wednesday Trading


Shutterstock photo

American depository receipts of Asian stocks were trading 0.13% lower at 165.92 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by educational services provider Four Seasons ( FEDU ), and solar panel manufacturer Yingli Green Energy ( YGEHY ), which surged 14% and 11.8% respectively. They were followed by online retailer LightInTheBox ( LITB ), and power management components maker O2Micro International ( OIIM ), which climbed 9.7% and 6.6%.

The decliners in North Asia were led by mobile content aggregator Qutoutiao ( QTT ), and automaker NIO (NIO), which tumbled 16.9% and 16.5% respectively. They were followed by online game developer The9 (NCTY), and consumer lending company China Rapid Finance (XRF), which fell 13.8% and 11.7%.

In South Asia, the gainers were led by ICICI Bank (IBN), and mining company Vedanta (VEDL), which rose 2% and 1.4% respectively. They were followed by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and IT service provider Wipro (WIT), which were up 1% and 0.9%.

Digital entertainment company Sea Limited (SE) led the decliners in South Asia, falling 3.5%, followed by automaker Tata Motors (TTM), telecommunications operator Telekomunikasi Indonesia (TLK), and business process management services provider WNS Holdings (WNS), which were off 1.9%, 1.7%, and 0.9% 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: FEDU , YGEHY , LITB , OIIM , QTT




More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities












Research Brokers before you trade

Want to trade FX?