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Asian ADRs Move Lower in Wednesday Trading


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American depositary receipts of Asian stocks were trading 0.09% lower at 180.87 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by fabless semiconductor company Himax Technologies ( HIMX ), and social media platform YY Inc. ( YY ), which climbed 9% and 2.8% respectively. They were followed by oil company China National Offshore Oil ( CEO ), and financial services firm Nomura ( NMR ), which were up 2.7% and 2.2%.

The decliners in North Asia were led by solar energy company Hanwha Q Cells ( HQCL ), and outdoor advertising company Airmedia (AMCN), which fell 5.6% and 3.7% respectively. They were followed by educational services provider China Online Education (COE), and aluminum producer Aluminum Corporation of China (ACH), which lost 3.0% each.

In South Asia, the gainers were led by natural resources company Vedanta (VEDL), and telecommunications provider Telekomunikasi Indonesia (TLK), which rose 1.5% and 0.6% respectively. They were followed by digital entertainment company Sea Limited (SE), and IT firm Infosys (INFY), which were up 0.5% and 0.1%.

ICICI Bank (IBN) led the decliners in South Asia, falling 1.1%, followed by telecommunications provider PLDT (PHI), which dropped 0.8%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and IT services firm Wipro (WIT) were off 0.8% and 0.6% 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: HIMX , YY , CEO , NMR , HQCL



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