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Asian ADRs Move Lower in Wednesday Trading

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American depository receipts of Asian stocks were trading 0.31% lower at 174.81 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by ATA ( ATAI ), ), a provider of computer-based testing services in China, which soared 32.5%, followed by online integrated platform company Secoo ( SECO ), which climbed 3.6%. O2Micro International ( OIIM ), a maker of power management components for computers, and online consumer finance marketplace PPDAI ( PPDF ) were up 3.1% and 2.3% respectively.

The decliners in North Asia were led by Autohome ( ATHM ), an online site for automobile consumers, which tumbled 10.4%, followed by Aurora Mobile (JG), a data collecting and analytics platform, and wearable device maker Huami (HMI), which dropped 7.6% each. Supply chain service provider BEST (BSTI) was down 7.2%.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN), and ICICI Bank (IBN), which rose 1.4% and 1.3% respectively. They were followed by automaker Tata Motors (TTM), and IT company Infosys (INFY), which were up 1.1% and 0.6%.

Mining company Vedanta (VEDL) led the decliners in South Asia, falling 2.9%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), which lost 1.5%. Pharmaceutical firm Dr. Reddy's Laboratories (RDY), and WNS Holdings (WNS), a provider of business process management services were off 1.3% and 0.9% 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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