Asian ADRs Move Higher in Friday Trading

American depositary receipts of Asian stocks were trading 0.77% higher at 1,511.69 on the BNY Mellon Asia 50 ADR Index on Friday.

In North Asia, the gainers were led by micro lending company Qudian (QD), and power company Huaneng Power International (HNP), which rose 14.5% and 4% respectively. They were followed by social networking platform Renren (RENN), and social media platform Weibo Corporation (WB), which were up 3.3% and 2.4%.

The decliners in North Asia were led by ATA (ATAI), a provider of computer-based testing services in China, and IT company ChinaCache (CCIH), which fell 7.5% and 5% respectively. They were followed by Aurora Mobile (JG), a data collecting and analytics platform, and solar park operator Sky Solar Holdings (SKYS), which dropped 3.9% and 2.7%.

In South Asia, the gainers were led by automaker Tata Motors (TTM), and telecommunications operator PLDT (PHI), which rose 1.1% and 0.6% respectively. They were followed by IT company Wipro (WIT), and HDFC Bank (HDB), which were up 0.4% and 0.3%.

IT company Infosys (INFY), and business process management services provider WNS Holdings (WNS) were the only decliners in South Asia, falling 3.6% and 0.7% 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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