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Asian ADRs Move Higher in Friday Trading

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American depository receipts of Asian stocks were trading 0.45% higher at 151.23 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by online game developer The9 ( NCTY ), and oil company PetroChina ( PTR ), which climbed 5.8% and 2% respectively. They were followed by utility company Korea Electric Power ( KEP ), up 1.7%, and coal producer Yanzhou Coal Mining ( YZC ), up 1.6%.

The decliners in North Asia were led by solar park operator Sky Solar Holdings Ltd. ( SKYS ), and solar equipment provider SPI Energy (SPI), which shed 5.1% and 2.9% respetively. They were followed by brand e-commerce solutions company Baozun (BZUN), down 2.2%, and online market place 58.com (WUBA), down 1.4%.

In South Asia, the gainers were led by direct-to-home video provider Videocon d2h (VDTH), and WNS Holdings (WNS), a provider of business process management services, which gained 0.4% each. They were followed by natural resources firm Vedanta (VEDL), and Philippines telecommunications provider PLDT (PHI), each of which were up 0.10%

Pharmaceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 1.7%, followed by ICICI Bank (IBN), which dropped 1.5%. HDFC Bank (HDB), and automobile manufacturer Tata Motors (TTM) were off 0.4% and 0.3% 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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