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Asian ADRs Move Higher in Thursday Trading

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American depository receipts of Asian stocks were trading 0.67% higher at 154.37 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by solar equipment maker JA Solar ( JASO ), which surged 8.8%, followed by Korean steel company POSCO ( PKX ), which rose 3.5%. Telecommunications company China Unicom ( CHU ), and China Eastern Airlines ( CEA ) were up 3.1% and 2.7% respectively.

The decliners in North Asia were led by wealth management firm Jupai Holdings ( JP ), and education services provider China Online Education (COE), which fell 2.6% and 2.2% respectively. They wee followed by health care company Hutchison China Meditech (HCM), down 2%, and biopharmaceutical firm Beigene (BGNE), which lower 1.4%.

In South Asia, the gainers were led by IT services firm Infosys (INFY), and Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which rose 2.1% and 1.4% respectively. They were followed by automaker Tata Motors (TTM) up 0.9%, and natural resources company Vedanta (VEDL), higher 0.6%.

Direct-to-home video provider Videocon d2h (VDTH) led the decliners in South Asia, falling 3.2%, followed by Philippines telecommunications provider PLDT (PHI), and ICICI Bank (IBN), which lost 0.9% 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.

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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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