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Asian ADRs Move Lower in Thursday Trading

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American depository receipts of Asian stocks were trading 0.57% lower at 145.93 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by fabless semiconductor solution provider Himax Technologies ( HIMX ), and outdoor advertising firm VisionChina Media ( VISN ), which rose 5.3% and 4.6% respectively. They were followed by railroad operator Guangshen Railway ( GSH ) and oil and gas company China Petroleum & Chemical ( SNP ), which were up 2.3% and 1.6%, respectively.

The decliners in North Asia were led by biopharmaceutical company Beigene ( BGNE ) and Korea Electric Power (KEP), which fell 2.6% and 2.5% respectively. They were followed by Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, and Chinese ecommerce company Alibaba Group (BABA), each of which dropped 2%.

In South Asia, the only gainer was Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which was up 0.81%.

ICICI Bank (IBN) led the decliners in South Asia, falling 4.5%, followed by natural resources company Vedanta (VEDL), which was off 4%. Indian automaker Tata Motors (TTM) lost 3%, while pharmaceutical firm Dr. Reddy's Laboratories (RDY) was down 2.1%.

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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