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Asian ADRs Move Lower in Wednesday Trading


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American depository receipts of Asian stocks were trading 0.31% lower at 174.81 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by ATA ( ATAI ), ), a provider of computer-based testing services in China, which soared 32.5%, followed by online integrated platform company Secoo ( SECO ), which climbed 3.6%. O2Micro International ( OIIM ), a maker of power management components for computers, and online consumer finance marketplace PPDAI ( PPDF ) were up 3.1% and 2.3% respectively.

The decliners in North Asia were led by Autohome ( ATHM ), an online site for automobile consumers, which tumbled 10.4%, followed by Aurora Mobile (JG), a data collecting and analytics platform, and wearable device maker Huami (HMI), which dropped 7.6% each. Supply chain service provider BEST (BSTI) was down 7.2%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), and ICICI Bank (IBN), which rose 1.4% and 1.3% respectively. They were followed by automaker Tata Motors (TTM), and IT company Infosys (INFY), which were up 1.1% and 0.6%.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 2.9%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), which lost 1.5%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and WNS Holdings (WNS), a provider of business process management services were off 1.3% 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: ATAI , SECO , OIIM , PPDF , ATHM




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