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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
