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Asian ADRs Move Higher in Friday Trading

American depositary receipts of Asian stocks were trading 0.56% higher at 185.77 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by Mobile enterprise solutions provider Kingtone Wirelessinfo Solution ( KONE ), and online consumer lending company LexinFintech ( LX ), which were up 8.6% and 7.1% respectively. They were followed by Jumei ( JMEI ), an online retailer of beauty products online classifieds, and listing platform operator 58.com ( WUBA ), which were up 7.0% and 6.8%.

The decliners in North Asia were led by express delivery company ZTO Express ( ZTO ), and semiconductor company United Microelectronics (UMC), which fell 9.6% and 5.1% respectively. They were followed by micro-lending firm Qudian (QD), and online game developer Gravity (GRVY), which were down 4.5% and 1.5%.

In South Asia, the gainers were led by telecommunications provider PLDT (PHI), and IT company Infosys (INFY), which were up 1.5% and 0.8% respectively. Also rising were Sea Limited (SE), up 1.3% and HDFC Bank (HDB), up 0.5%.

WNS Holdings (WNS), a provider of business process management services, led the decliners in South Asia, falling 0.9%, followed by phrmaceutical company Dr. Reddy's Laboratories (RDY), and, and ICICI Bank (IBN) were down 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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