Markets

Asian ADRs Move Higher in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.12% higher at 180.51 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by Concord Medical Services ( CCM ), an operator of diagnostic imaging centers, and Hanwha Q Cells ( HQCL ), a manufacturer of photovoltaic solar cells, which rose 5.5% and 3.4% respectively. They were followed by electronics and entertainment company Sony ( SNE ), and online game developer Gravity ( GRVY ), which climbed 3.1% and 2.9%.

The decliners in North Asia were led by online service provider Xunlei ( XNET ), and Semiconductor Manufacturing International (SMI), which fell 5.1% and 2.3% respectively. They were followed by Chinese social networking service Renren (RENN), and educational services provider Tarena (TEDU), which were down 2% each.

In South Asia, the gainers were led by HDFC Bank (HDB), which rose 0.9%, followed by automaker Tata Motors (TTM), and telecommunications provider Telekomunikasi Indonesia (TLK), which were up 0.7% and 0.03%.

Natural Resources company Vedanta (VEDL) led the decliners in South Asia, falling 2.6%, followed by digital entertainment company Sea Limited (SE), pharmaceutical firm Dr. Reddy's Laboratories (RDY), and WNS Holdings (WNS), a provider of business process management services, which were down 04%, 0.3%, 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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