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SPI

Asian ADRs Edge Higher in Wednesday Trading

American depository receipts of Asian stocks were trading 0.07% higher at 147.77 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by online game publisher Gravity ( GRVY ), and solar equipment provider SPI Energy ( SPI ), which rose 6.7% and 6.3% respectively. They were followed by ATA ( ATAI ), a provider of computer-based testing services in China, up 4.9%, and internet service provider Internet Initiative Japan ( IIJI ), up 3.6%.

The decliners in North Asia were led by 51job ( JOBS ), a provider of human resource services in China, and Himax Technologies (HIMX), a fabless semiconductor solution provider, which fell 3.7% and 2.6% respectively. They were followed by polysilicon manufacturer Daqo New Energy (DQ), down 1.6%, and electric utility company Korea Electric Power (KEP), off 1.4%.

In South Asia, the gainers were led by telecommunications service provider PLDT (PHI), and ICICI Bank (IBN), which rose 1.4% and 0.8% respectively. They were followed by automaker Tata Motors (TTM), and WNS Holdings (WNS), a provider of business process management services, which increased 0.7% and 0.5% respectively.

India-based pharmaceutical company Dr. Reddy's Laboratories (RDY) was the only decliner in South Asia, falling 0.7%.

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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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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