Markets

Asian ADRs Move Lower in Thursday Trading

American depository receipts of Asian stocks were trading 1.15% lower at 126.83 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by marketing and branding firm Acorn ( ATV ), is moving 3.9% higher, followed by advertising company VisionChina Media ( VISN ), which was up 3.2%. Property developer Xinyuan Real Estate ( XIN ) gained 2.8%, while KongZhong ( KZ ), a provider of digital entertainment services, rose 2.6%.

The only gainers in South Asia were Indian natural resources company Vedanta ( VEDL ), which was up 1.7%, and Indonesian telco Telekomunikasi Indonesia (TLK), which edged 0.14% higher.

Yingli Green Energy (YGE) led the decliners in North Asia, as the Chinese solar panel manufacturer shed 4.5%, followed by airline operator China Eastern Airlines (CEA), which was off 3.9%. Investment holding company China Unicom (CHU) and energy and chemical firm China Petroleum & Chemical (SNP) were down 3.7% each.

The decliners in South Asia were led by India-based ICICI Bank (IBN), which was down 4.4%. WNS Holdings (WNS), a provider of business process management services, and Indian pharmaceutical company Dr. Reddy's Laboratories (RDY), were each moving 1.3% lower, while HDFC Bank (HDB) dropped 0.9%.

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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