Markets

Asian ADRs Move Higher in Thursday Trading

American depository receipts of Asian stocks were trading 0.24% higher at 152.70 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by online game developer Gravity ( GRVY ), and fabless semiconductor company Himax Technologies ( HIMX ), which surged 10.5% and 8.5% respectively. They were followed by technology company NetEase ( NTES ), up 7.2%, and casino and resort operator Melco Crown Entertainment ( MPEL ), up 2.5%.

The decliners in North Asia were led by solar park operator Sky Solar Holdings ( SKYS ), and power producer Huaneng Power International (HNP), which shed 3.9% and 2.2% respectively. They were followed by biopharmaceutical firm Beigene (BGNE), down 2.1%, and KB Financial Group (KB), a financial holding company in Korea, off 2%.

In South Asia, the gainers were led by natural resources firm Vedanta (VEDL), and automobile manufacturer Tata Motors (TTM), which rose 5.9% and 2.7% respectively. IT services firm Infosys (INFY) added 2%, and Philippines telecommunications provider PLDT (PHI), rose 0.80%.

HDFC Bank (HDB), and pharmaceutical company Dr. Reddy's Laboratories (RDY), were the only decliners in South Asia, falling 2.9% 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.

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

SKYS GRVY HIMX NTES

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More