Markets

Asian ADRs Move Higher in Thursday Trading

American depositary receipts of Asian stocks were trading 0.41% higher at 157.40 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by online discount retailer Vipshop ( VIPS ), and technology company NetEase ( NTES ), which climbed 11.8% and 6.9% respectively. They were followed by semiconductor company United Microelectronics ( UMC ) and telecommunications operator China Telecom ( CHA ), which rose 5% and 3.3%.

The decliners in North Asia were led by educational services providers RYB Education ( RYB ) and Bright Scholar (BEDU), which plunged 56.4% and 29.2% respectively. They were followed by online retailer LightInTheBox (LITB) and Fronteo (FTEO), a provider of Asian-language eDiscovery solutions and services, which shed 10.2% and 7%.

In South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and mining company Vedanta (VEDL), which rose 3.3% and 1.9% respectively. They were followed by digital entertainment company Sea Limited (SE) and HDFC Bank (HDB), which were up 0.9% and 0.8%.

IT firm SIFY Technologies (SIFY) was the lone decliner in South Asia, falling 0.8%.

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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