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Asian ADRs Move Higher in Wednesday Trading

American depository receipts of Asian stocks were trading 0.75% higher at 159.77 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by display advertising company Airmedia ( AMCN ) and IT company ChinaCache ( CCIH ), which climbed 9.6% and 5.3% respectively. They were followed by steel company POSCO ( PKX ) and education services provider Puxin ( NEW ), which rose 4.4% each.

The decliners in North Asia were led by ATA ( ATAI ), a provider of computer-based testing services in China, and telecommunications operator SK Telecom (SKM), which fell 4.4% and 4% respectively. They were followed by shopping app Pinduoduo (PDD) and solar power company ReneSola (SOL), which lost 2.8% each.

In South Asia, the gainers were led by ICICI Bank (IBN), which rose 7.9%. SIFY Technologies (SIFY) and pharmaceutical company Dr. Reddy's Laboratories (RDY) rose 1.1% and 0.9%.

Telecommunications operator PLDT (PHI) led the decliners in South Asia, falling 2%, followed by HDFC Bank (HDB), which fell 0.7%.

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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