home Latest News Asian ADRs Move Higher in Thursday Trading – Nasdaq

Asian ADRs Move Higher in Thursday Trading – Nasdaq

This post was originally published on this site

Shutterstock photo

American depository receipts of Asian stocks were trading 0.05% higher at 174.70 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by financial services company China Finance Online ( JRJC ), and commercial wheel manufacturer China Zenix Auto International ( ZX ), which rose 7.6% and 5.6% respectively. They were followed by educational services provider China Online Education ( COE ), up 3.5%, and China New Borun ( BORN ), a producer of corn-based edible alcohol, up 2.4%.

The decliners in North Asia were led by Aluminum Corporation of China ( ACH ), and telecommunications company China Unicom (CHU), which fell 2.8% and 2.4% respectively. They were followed by Yintech Investment (YIN), an online provider of spot commodity trading services in China, lower 2.3%, and technology company Xunlei (XNET), lower 2.2%.

In South Asia, the only gainers were automaker Tata Motors (TTM), and digital entertainment company Sea Limited (SE), which were down 1.1% and 0.6% respectively.

IT firm SIFY Technologies (SIFY) led the decliners in South Asia, falling 0.7%, followed by telecommunications provider Telekomunikasi Indonesia (TLK), and pharmaceutical company Dr. Reddy’s Laboratories (RDY), which lost 0.4% each. HDFC Bank (HDB) was off 0.3%.

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.