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Asian ADRs Move Higher in Thursday Trading

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American depository receipts of Asian stocks were trading 0.20% higher at 154.12 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by CTrip.com International ( CTRP ), a travel service provider, which rose 4.9%, followed by electricity provider Korea Electric Power ( KEP ), and China New Borun ( BORN ), a producer and distributor of corn-based edible alcohol, which were up 1.7% and 1.5% each. Wealth management service provider Jupai Holdings ( JP ) climbed 1.4%.

The decliners in North Asia were led by social medial platform Weibo Corporation ( WB ), which tumbled 8.7%, followed by online game developer Changyou.com (CYOU), which lost 3.7%. Oil company Sinopec Shanghai Petrochemical (SHI), and Japanese financial services firm Nomura (NMR) were off 2.8% and 2% respectively.

In South Asia, the gainers were led by IT services companies Wipro (WIT) and Infosys (INFY), which rose 2.1% and 1.3% respectively. They were followed by ICICI Bank (IBN), up 0.8%, and Indonesian telecommunications provider Telekomunikasi Indonesia (TLK), up 0.7%.

HDFC Bank (HDB) led the decliners in South Asia, falling 0.8%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which lost 0.5%, and WNS Holdings (WNS), a provider of business process management services, which was down 0.4%.

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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