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Asian ADRs Move Lower in Wednesday Trading

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American depositary receipts of Asian stocks were trading 0.79% lower at 183.46 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by solar park operator Sky Solar Holdings Ltd. ( SKYS ), and social media platform MOMO Inc. ( MOMO ), which rose 9.2% and 4.7% respectively. They were followed by GDS Holdings ( GDS ), an operator of data centers in China, and consumer lending company Hexindai ( HX ), which were up 4.0% and 3.9%.

The decliners in North Asia were led by e-commerce solutions company Baozun ( BZUN ), and Autohome (ATHM), an online destination for automobile consumers, which fell 8.2% and 5.2% respectively. They were followed by online game publisher Gravity (GRVY), and thin-film transistor liquid crystal display maker LG Display (LPL), which dropped 4.4% and 4.0%.

In South Asia, the gainers were led by satellite TV provider Videocon d2h (VDTH), and WNS Holdings (WNS), a provider of business process management services, and telecommunications company Telekomunikasi Indonesia (TLK), which were up 0.8% and 0.3% respectively.

ICICI Bank (IBN) led the decliners in South Asia, falling 2.3%, followed by natural resources company Vedanta (VEDL), and HDFC Bank (HDB), which lost 1.3% each. Telecommunications provider PLDT (PHI) was off 0.7%.

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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