Markets

Asian ADRs Move Higher in Wednesday Trading

American depositary receipts of Asian stocks were trading 1.42% higher at 1,520.81 on the BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by used car e-commerce platform Uxin (UXIN), which soared 41%, followed by educational services provider Puxin (NEW), which climbed 9.4%. Semiconductor company ASE Industrial Holding (ASX) and automobile consumer website Autohome (ATHM), each rose 5.9%.

The decliners in North Asia were led by consumer lending company China Rapid Finance (XRF), which tumbled 17.9%, followed by solar panel manufacturer Yingli Green Energy (YGEHY), railroad operator Guangshen Railway (GSH), and securities brokerage China Finance Online (JRJC), which lost 9.1%, 3%, and 1.9% respectively.

In South Asia, the gainers were led by automaker Tata Motors (TTM) and telecommunications operator PLDT (PHI), which rose 2.2% and 1.8% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and IT company SIFY Technologies (SIFY), which were up 1.3% and 1%.

There were no decliners in South Asia.

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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