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Asian ADRs Move Lower in Friday Trading

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American depositary receipts of Asian stocks were trading 0.24% lower at 175.45 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by solar energy company Hanwha Q Cells ( HQCL ), which jumped 23.5%, followed by online game developer Gravity ( GRVY ), which rose 7.2%. Education services provider China Distance Education ( DL ), and semiconductor company United Microelectronics ( UMC ) were up 5.4% and 2.5%.

The decliners in North Asia were led by 51job ( JOBS ), which tumbled 15.5%, followed by biopharmaceutical firm Beigene (BGNE), which fell 4.6%. Airline operators China Southern Airlines (ZNH), and China Eastern Airlines (CEA) were down 4.4% and 3.7% respectively.

In South Asia, the gainers were led by mining company Vedanta (VEDL), and IT company SIFY Technologies (SIFY), which rose 3.1% and 2.5% respectively. They were followed by ICICI Bank (IBN), and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were up 2.2% and 1.8%.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 1.5%, followed by biotech firm ASLAN (ASLN), which was off 0.8%. WNS Holdings (WNS), a provider of business process management services, and digital entertainment company Sea Limited (SE) dropped 0.7% and 0.6% 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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