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Asian ADRs Move Lower in Friday Trading

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American depositary receipts of Asian stocks were trading 0.09% lower at 159.64 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by solar park operator Sky Solar Holdings Ltd. ( SKYS ) and solar panel manufacturer Yingli Green Energy ( YGE ), which rose 5.3% and 2.8% respectively. Power plant manager Huaneng Power International ( HNP ), and semiconductor foundry United Microelectronics ( UMC ) were up 2.1% and 2% each.

The decliners in North Asia were led by IT company ChinaCache ( CCIH ), and Leju Holdings (LEJU), a real estate services provider in China, which fell 5.7% and 4.9% respectively. They were followed by JMU Limited (JMU), a business-to-business online e-commerce platform, and online retailer LightInTheBox (LITB), which fell 3.9% and 3.5%.

In South Asia, the gainers were led by direct-to-home video provider Videocon d2h (VDTH), and Philippines telecommunications provider PLDT (PHI), which rose 4.7% and 1.4% respectively. They were followed by ICICI Bank (IBN), and natural resources company Vedanta (VEDL), which increased 1.5% and 1.2% each.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 3%, followed by IT firm SIFY Technologies (SIFY), which lost 2.7%. WNS Holdings (WNS), a provider of business process management services, and HDFC Bank (HDB) declined 0.8% and 0.7% 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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