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Asian ADRs Move Lower in Wednesday Trading

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American depository receipts of Asian stocks were trading 0.15% lower at 141.23 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by solar equipment makers JinkoSolar ( JKS ), which surged 9%, and SPI Energy ( SPI ), which rose 4.4%. Financial holding companies Mizuho Financial ( MFG ), and Mitsubishi UFJ Financial ( MTU ) were up 4.3% and 3.8% respectively.

The decliners in North Asia were led by hotel group China Lodging ( HTHT ), down 6.7%, and mobile-based social networking platform MOMO Inc. (MOMO), off 4.9%. They were followed by coal mining company Yanzhou Coal Mining (YZC), and travel service provider CTrip.com International (CTRP), which were off 3.9% and 3.6% respectively.

In South Asia, the gainers were led by direct-to-home video provider Videocon d2h (VDTH), and Indonesian telecommunications company Telekomunikasi Indonesia (TLK), which rose 3.5% and 1.4% respectively. They were followed by IT services firms Infosys (INFY), up 1.1%, and SIFY Technologies (SIFY), higher 1%.

Natural resources company Vedanta (VEDL) led the decliners in South Asia, falling 4.6%, followed by pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 3.7%. Banks ICICI Bank (IBN) and HDFC Bank (HDB) were down 3.2% and-1.4% 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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