Markets
SPI

Asian ADRs Move Lower in Wednesday Trading

American depository receipts of Asian stocks were trading 0.18% lower at 151.74 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by solar equipment maker SPI Energy ( SPI ), and coal producer Yanzhou Coal Mining ( YZC ), which rose 4.5% and 3.8% respectively. They were followed by Qunar ( QUNR ), a mobile and online commerce platform for travel in China, up 2.5%, and China New Borun ( BORN ), a producer of corn-based edible alcohol, higher 2.4%.

The decliners in North Asia were led by semiconductor company Semiconductor Manufacturing International ( SMI ), and marketing and branding company Acorn (ATV), which shed 4.2% and 2.9% respectively They were followed by online gamer developer The9 (NCTY), down 2.9%, and KB Financial Group (KB), a financial holding company in Korea, off 1.9%.

In South Asia, the only gainers were telecommunications providers PLDT (PHI) and Telekomunikasi Indonesia (TLK), which rose 2.6% and 0.5% respectively.

Pharmaceutical company Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 0.8%, followed by WNS Holdings (WNS), a provider of business process management services, which dropped 0.6%. ICICI Bank IBN, and IT services firm Infosys (INFY) were down 0.4% and 0.3% respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SPI

Other Topics

Stocks

Latest Markets Videos