Markets
AUO

Asian ADRs Move Higher in Friday Trading

An image of a pen and a calculator
Credit: Shutterstock photo

American depository receipts of Asian stocks were trading 1.12% higher at 156.64 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by commercial wheel manufacturer China Zenix Auto International (ZX ), and Changyou.com ( CYOU ), which surged 8.1% and 7.4% respectively. They were followed by educational services provider New Oriental Education & Technology ( EDU ), higher 3.8%, and AU Optronics ( AUO ), a maker of thin-film-transistor liquid-crystal display panels, up 3.7%.

The decliners in North Asia were led by JMU Limited ( JMU ), a business-to-business online e-commerce platform provider, and solar power equipment maker SPI Energy ( SPI ), which fell 5.2% and 2.4% respectively. Outdoor advertising company Airmedia (AMCN), fell 2.2%, and online game publisher Gravity (GRVY) shed 1.7%.

In South Asia, the gainers were led by Indonesian telecommunications provider Telekomunikasi Indonesia (TLK), and IT firm SIFY Technologies (SIFY), which rose 6.6% and 3.8% respectively. They were followed by WNS Holdings (WNS), up 2.1%, a provider of business process management services, and Philippines telecommunications company PLDT (PHI), up 1.8%.

HDFC Bank (HDB) led the decliners in South Asia, falling 0.7%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), and direct-to-home video provider Videocon d2h (VDTH), which dropped 0.5% and 0.2% respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AUO SPI CYOU EDU JMU

Other Topics

Stocks

Latest Markets Videos