Markets

Asia ADRs Gain Led By Himax, Ctrip

American depository receipts of Asian stocks were up 0.35% to 151.05 in late-morning U.S. trading Thursday, according to the BNY Mellon's Asia ADR Index. Broad U.S. stock averages were moderately higher in early trading.

Asian ADR gains were led by Himax Techologies ( HIMX ), the maker of display drivers and other semiconductor products, which reported better-than-expected Q2 results and gave guidance for Q3 above the Street. It's up 6.9% in late-morning trading. Gainers included travel service provider Ctrip.com International ( CTRP ), up nearly 10%, which got a $500 million investment from the Priceline Group ( PCLN ).

Also making gains: Taiwan Semiconductor ( TSM ), up 0.2%, E Commerce China Dangdang ( DANG ), up 5.4%, and SouFun Holdings (SFUN), the operator of a real estate internet portal in China, up 7.8% as it beat with Q2 results and said its CEO Richard Jiangong Dai resigned. Infosys (INFY), the provider of consulting, technology and systems integration technologies, rose 1.6%.

Among the decliners were casino-owner Melco Crown Entertainment (MPEL), down 3.9%, after reporting Q2 results and a $500 million share buyback program. Other decliners: technology giant Sony (SNE), down 1.1%, and China's online carsite Autohome (ATHM), down 4.1%.

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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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