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Asian ADRs Move Higher in Thursday Trading

American depository receipts of Asian stocks were trading 0.03% higher at 175.00 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by display advertising company Airmedia ( AMCN ), and Semiconductor Manufacturing International ( SMI ), which climbed 10.4% and 7.4% respectively. They were followed by aluminum producer Aluminum Corporation of China ( ACH ), and airline operator China Southern Airlines ( ZNH ), which rose 6.2% each.

The decliners in North Asia were led by technology company NetEase ( NTES ), and Aurora Mobile (JG), a data collecting and analytics platform, which fell 7.7% and 4.1% respectively. They were followed by online retailer LightInTheBox (LITB), and online game developer Gravity (GRVY), which were up 2.3% and 1.8%.

In South Asia, the gainers were led by ICICI Bank (IBN), and IT company SIFY Technologies (SIFY), which rose 4.9% and 3% respectively. They were followed by mining company Vedanta (VEDL), and digital entertainment company Sea Limited (SE), which were up 2.9% and 1.3%.

HDFC Bank (HDB), and telecommunications operator Telekomunikasi Indonesia (TLK) were the only decliners in South Asia, falling 0.5% and 0.2% 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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