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.

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This article appears in: Investing , Stocks
Referenced Symbols: HIMX , YY , CEO , NMR , HQCL

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