Markets

Asian ADRs Move Higher in Thursday Trading

American depositary receipts of Asian stocks were trading 0.74% higher at 187.88 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by online sports lottery service provider 500.com ( WBAI ), and wealth management firm Jupai Holdings ( JP ), which rose 10.2% and 5.9% respectively. They were followed by Autohome ( ATHM ), an online destination for automobile consumers in China, and technology company Xunlei ( XNET ), which were up 4.5% and 4.2%.

The decliners in North Asia were led by outdoor advertising company Airmedia ( AMCN ), and online discount retailer Vipshop (VIPS), which fell 5.1% and 4.6% respectively. They were followed by diagnostic imaging centers company Concord Medical Services (CCM), and NQ Mobile (NQ), a provider of mobile Internet services, which lost 3.5% and 3.2%.

In South Asia, the gainers were led by digital entertainment company Sea Limited (SE), and ICICI Bank (IBN), which climbed 2.4% and 2.2% respectively. They were followed by natural resources company Vedanta (VEDL), and IT company SIFY Technologies (SIFY), which were up 1.2% and 0.4%.

PLDT (PHI) led the decliners in South Asia, falling 1.6%, followed by HDFC Bank (HDB), and automaker Tata Motors (TTM), which dropped 1.4% and 0.5% 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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