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Asian ADRs Move Lower in Friday Trading

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American depository receipts of Asian stocks were trading 0.83% lower at 151.93 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by online game developer Gravity ( GRVY ), which surged 9.8%, followed by semiconductor foundry United Microelectronics ( UMC ), which climbed 5.2%. Travel company Tuniu Corp ( TOUR ), and China Digital TV Holding ( STV ) rose 4.7% and 3.8%, respectively.

The decliners in North Asia were led by VisionChina Media ( VISN ), a provider of conditional access systems, which shed 6%, followed by social platform YY Inc. (YY), and Yintech Investment (YIN), an online provider of spot commodity trading services in China, which fell 3.5% each. Online classifieds and listing provider 58.com (WUBA) was off 3.2%.

HDFC Bank HDB led the decliners in South Asia, falling 1.2%, followed by automaker Tata Motors (TTM), which lost 1%. Direct-to-home video provider Videocon d2h (VDTH), and Indonesian telecommunications provider Telekomunikasi Indonesia (TLK) each dropped 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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