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Asian ADRs Move Lower in Friday Trading

American depository receipts of Asian stocks were trading 0.57% lower at 183.80 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by Huya ( HUYA ), an operator of live game streaming platforms in China, and online video platform iQIYI ( IQ ), which surged 9.4% and 8% respectively. They were followed by healthcare company Hutchison China Meditech ( HCM ), and Fronteo ( FTEO ), a provider of Asian-language e-discovery solutions and services, which climbed 6.6% and 5.5%.

The decliners in North Asia were led by online game developer The9 ( NCTY ), and telecommunications company China Unicom (CHU), which fell 8.1% and 3.2% respectively. They were followed by real-estate developer Xinyuan Real Estate (XIN), and oil company China National Offshore Oil (CEO), which were off 2.9% and 2.7%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy's Laboratories (RDY), and automaker Tata Motors (TTM), which rose 3.8% and 1.4% respectively. They were followed by IT company SIFY Technologies (SIFY), and digital entertainment company Sea Limited (SE), which were up 1% each.

Telecommunications provider Telekomunikasi Indonesia (TLK) led the decliners in South Asia, falling 3.1%, followed by ICICI Bank (IBN), HDFC Bank (HDB), and IT company Wipro (WIT), which lost 2.4% 2.2%, and 1.3% respectively

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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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