Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.13% lower at 190.38 on the Bank of New York Mellon Asia ADR Index Wednesday.

In North Asia, the gainers were led by NQ Mobile ( NQ ), a provider of mobile Internet services, and online game developer The9 ( NCTY ), which surged 13.6% and 7.7% respectively. They were followed by China New Borun ( BORN ), a producer of corn-based edible alcohol, and automaker Honda Motor ( HMC ), which rose 7.3% and 2.5%.

The decliners in North Asia were led by China Digital TV Holding ( STVVY ), a provider of conditional access systems in China, and semiconductor company Silicon Motion Technology (SIMO), which fell 10% and 7.9% respectively. They were followed by technology company Xunlei (XNET), and semiconductor company United Microelectronics (UMC), which lost 3.9% and 3.2%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY), which rose 3%, followed by direct-to-home video provider Videocon d2h (VDTH), and telecommunications provider PLDT (PHI), which were up 0.2% each.

WNS Holdings (WNS), a provider of business process management services, led the decliners in South Asia, falling 3%, followed by automaker Tata Motors (TTM), which dropped 1.1%. Pharmaceutical company Dr. Reddy's Laboratories (RDY), and telecommunications provider Telekomunikasi Indonesia (TLK) were off 1.1% 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

NCTY HMC

Other Topics

Stocks