Asian ADRs Move Higher in Friday Trading
American depository receipts of Asian stocks were trading 0.14% higher at 159.02 on the Bank of New York Mellon Asia ADR Index on Friday.
In North Asia, the gainers were led by solar equipment provider SPI Energy (SOPW), which jumped 65.7%, followed by semiconductor company Semiconductor Manufacturing International ( SMI ), and JMU Limited ( JMU ), which operates a B2B online e-commerce platform, which rose 8.6% and 4.6% each. Yintech Investment ( YIN ), an online provider of spot commodity trading services in China, was up 2.5%.
The decliners in North Asia were led by Vipshop ( VIPS ), an online discount retailer for brands in China, and China Digital TV Holding (STV), which fell 8.6% and 6.3% respectively. They were followed by outdoor advertising company Airrmedia ( AMCN ), and polysilicon manufacturer Daqo New Energy (DQ), which lost -3.6% and 3.3% each.
In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), which rose 2.3%. IT company Wipro (WIT), natural resources company Vedanta (VEDL), and Telekomunikasi Indonesia (TLK), an Indonesian telecommunications provider, each increased 0.8%.
Automaker Tata Motors (TTM), and direct-to-home video provider Videocon d2h (VDTH) led the decliners in South Asia, falling 0.6% each. They were followed by WNS Holdings (WNS), a provider of business process management services, and HDFC Bank (HDB), which were off 0.5% and 0.3% respectively.
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