Markets

Asian ADRs Move Higher in Friday Trading

American depository receipts of Asian stocks were trading 0.26% lower at 150.45 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by coal producer Yanzhou Coal Mining ( YZC ), and online game developer The9 ( NCTY ), which rose 2.9% and 2.6% respectively. They were followed by casino and resort operator Melco Crown Entertainment ( MPEL ), and biopharmaceutical company Beigene ( BGNE ), which were up 1.9% each.

The decliners in North Asia were led by China Xiniya Fashion ( XNY ), a provider of men's business casual apparel in China, and display maker LG Display (LPL), which fell 2.2% and 1.8% respectively. They were followed by financial services firm Nomura (NMR), and oil company PetroChina (PTR), which dropped -1.7% each.

In South Asia, the gainers were led by ICICI Bank (IBN), up 2.3%, and IT services company Infosys (INFY), up 1.2%. Direct-to-home video provider Videocon d2h (VDTH) gained 0.6%, while Philippines telecommunications company PLDT (PHI) edged 0.1% higher.

Indian automobile manufacturer Tata Motors (TTM) led the decliners in South Asia, falling 1.2%, followed by IT company SIFY Technologies (SIFY), which was off 1%. Indonesian telecommunications firm Telekomunikasi Indonesia (TLK), and WNS Holdings (WNS), a provider of business process management services, dropped 1% and 0.5% 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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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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