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Asian ADRs Move Higher in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.29% higher at 185.15 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by airline operator China Eastern Airlines ( CEA ), and data analysis provider Gridsum ( GSUM ), which rose 5.1% and 2.9% respectively. They were followed by commercial real estate firm China Techfaith Wireless Communication ( CNTF ), and Aluminum Corporation of China ( ACH ), which were up 2.7% and 2.6%.

The decliners in North Asia were led by IT company ChinaCache ( CCIH ), and outdoor advertising company Airmedia (AMCN), which fell 4.8% and 3.6% respectively. They were followed by B2B platform JMU Limited (JMU), and Yintech Investment (YIN), an online provider of spot commodity trading services in China, which lost 2.9%, and 2.7%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY), which rose 1.1%, followed by telecommunications provider PLDT (PHI), and WNS Holdings (WNS), a provider of business process management services, which were up 0.5% and 0.4% respectively.

Pharmaceutical firm Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 3.3%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), which lost 2.4%. Automobile manufacturer Tata Motors (TTM), and HDFC Bank (HDB) declined 1.5% and 0.9% 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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