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Asian ADRs Move Lower in Thursday Trading

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American depository receipts of Asian stocks were 1.04% lower at 147.27 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ), and solar park operator Sky Solar Holdings Ltd. ( SKYS ), which climbed 9.5% and 8.2% respectively. They were followed by branding company Acorn ( ATV ), and securities brokerage China Finance Online ( JRJC ), which rose 5.4% and 5%.

Decliners in North Asia were led by used car e-commerce platform Uxin ( UXIN ), and real estate services provider Leju Holdings (LEJU), which tumbled 14.4% and 9.3% respectively. They were followed by advertising company AirMedia Group (AMCN), and automaker NIO (NIO), which fell 5% and 3%.

In South Asia, the only gainers were IT company SIFY Technologies (SIFY), and telecommunications operator PLDT (PHI), which rose 3.9% and 0.1%.

Automaker Tata Motors (TTM) led decliners in South Asia falling 3.3%, followed by mining company Vedanta (VEDL), which lost 3.1%. They were followed by digital entertainment company Sea Limited (SE), and ICICI Bank (IBN), which were off 1.8% and 1.6% 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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