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Asian ADRs Move Higher in Thursday Trading

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American depositary receipts of Asian stocks were trading 0.15% higher at 191.02 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Secoo ( SECO ), an online integrated platform company, which soared 42.3%, followed by Korean steel company Ossen Innovation ( OSN ), which climbed 4.7%. Car rental company eHi Car Services ( EHIC ), and Aluminum Corporation of China ( ACH ) rose 2.8% and 2.6% respectively.

The decliners in North Asia were led by educational services provider China Distance Education ( DL ), and railroad operator Guangshen Railway (GSH), which fell 4.8% and 3.1% respectively. They were followed by JMU Limited (JMU), an online platform providing B2B services to the food industry, and telecommunications service provider KT (KT), which lost 2.6% and 2.5%.

In South Asia, the gainers were led by SIFY Technologies (SIFY), and digital entertainment company Sea Limited (SE), which rose 2.3% and 1.4% respectively. They were followed by IT company Infosys (INFY), and automaker Tata Motors (TTM), which were up 0.9% and 0.8%.

IT services firm Wipro (WIT) led the decliners in South Asia, falling 1.6%, followed by telecommunications provider PLDT (PHI), and ICICI Bank (IBN), which were off 1% and 0.6% 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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