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Asian ADRs Edge Lower in Thursday Trading

American depository receipts of Asian stocks were trading 0.01% higher at 141.80 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by insurance company China Life Insurance ( LFC ) and railroad operator Guangshen Railway ( GSH ), which rose 3% and 2.9%, respectively. They were followed by mobile-based social networking platform MOMO Inc. ( MOMO ), and Semiconductor Manufacturing International ( SMI ), which were up 2.8% and 1.6%, respectively.

The decliners in North Asia were led by commercial wheel manufacturer China Zenix Auto International ( ZX ), and automobile and motorcycle maker Honda Motor (HMC), which fell 1.7% and 1.6%, respectively. They were followed by airline operator China Southern Airlines (ZNH), and Wowo Ltd. (JMU), an online platform for providing B2B services to food-industry suppliers, which were down 1.5% and 1.3%, respectively.

In South Asia, the gainers were led by IT firm SIFY (SIFY), which was up 1.9%. SIFY was followed by WNS Holdings (WNS), a provider of business process management services, and natural resources firm Vedanta (VEDL), each of which edged 0.2% higher.

Direct-to-home video provider Videocon d2h (VDTH) led the decliners in South Asia, dropping 0.60%, followed by ICICI Bank (IBN), and auto maker Tata Motors (TTM), both of which were down 0.4%. ADRs of HDFC Bank (HDB) were down 0.3%.

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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