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Asian ADRs Move Lower in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.14% lower at 166.33 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by video sharing service Bilibili ( BILI ), and wealth management firm Noah Holdings ( NOAH ), which rose 3.9% and 1.0% respectively. They were followed by solar equipment company ReneSola ( SOL ), and steel company Ossen Innovation ( OSN ), which were up 0.4% and 0.8%.

The decliners in North Asia were led by social networking platform Renren ( RENN ), and car rental company eHi Car Services (EHIC), which fell 8.3% and 3.8% respectively. They were followed by shopping app dPinduoduo (PDD), and online game publisher The9 (NCTY), which lost 2.5% and 0.8%.

In South Asia, the gainers were led by mining company Vedanta (VEDL), and IT firm Wipro (WIT), which were up 2.5% and 0.8% respectively. They were followed by IT company Infosys (INFY), and HDFC Bank (HDB), which rose 0.8% and 0.5%.

Sea Limited SE led the decliners in South Asia, falling 1.5%, followed by WNS Holdings (WNS), a provider of business process management services, and automaker Tata Motors (TTM), which dropped 1.2% and 0.9%.

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: BILI , NOAH , SOL , OSN , RENN



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