American depository receipts of Asian stocks were trading 0.2% lower at 156.73 on the Bank of New York Mellon Asia ADR Index on Friday morning.
Decliners in North Asia were led by China Finance Online ( JRJC ), a financial information and services provider, down 5.4%, followed by 500.com ( WBAI ), an online sports lottery service provider, down 4.5% and China Unicom CHU), an investment holding company, 3.3% lower. China Nepstar Chain Drugstore ( NPD ), a retail drugstore chain, was also 2.3% lower.
In Southern Asia, Indian bank HDFC Bank ( HDB ), fell 2.3% while Wipro ( WIT ), an information technology services provider, fell 1.5% and Indian bank ICICI Bank (IBN) contracted 0.9%.
In North Asia, gainers were led by Cheetah Mobile (CMCM), a mobile internet company, up 6.2%, followed by Jumei (JMEI), an online retailer of beauty products, trading 3.2% higher and Autohome (ATHM), an online destination for automobile consumers, up 2.3%. Qihoo 360 Technology (QIHU), an internet company, was also 1.1% higher.
And in southern Asia, Malaysian e-payment solutions company MOL (MOLG) rose 4.9% while diversified metal and mining company Sesa Sterlite (SSLT) expanded by 3.5% and SIFY (SIFY), an internet services provider, was up 0.8%.
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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.
