Asian ADRs Climb Higher

American depositary receipts of Asian stocks were trading 0.93% higher at 161.27 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by e-commerce companies Alibaba Group (BABA), and Baozun (BZUN), which surged 13% and 9.1% respectively. They were followed by online game developer The9 (NCTY), and online direct sales company (JD), which rose 9% and 5.7% each.

The decliners in North Asia were led by SPI Energy (SPI), a provider of photovoltaic solutions, and ATA (ATAI), a provider of computer-based testing services in China, which fell 5.1% and 4.9%. They were followed by mobile enterprise solutions provider Kingtone Wirelessinfo Solution (KONE), and China New Borun (BORN), a producer of corn-based edible alcohol, which lost 2.2% and 2.1% respectively. The Gainers in South Asia were led by pharmaceutical firm Dr. Reddy’s Laboratories (RDY), and natural resources company Vedanta (VEDL), which rose 2.7% and 0.7% respectively. They were followed by auto maker Tata Motors (TTM), and WNS Holdings (WNS), a provider of business process management services, which were up 0.3% and 0.03% each.

Related posts