Asian ADRs Move Lower in Wednesday Trading

Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.13% lower at 190.38 on the Bank of New York Mellon Asia ADR Index Wednesday.

In North Asia, the gainers were led by NQ Mobile ( NQ ), a provider of mobile Internet services, and online game developer The9 ( NCTY ), which surged 13.6% and 7.7% respectively. They were followed by China New Borun ( BORN ), a producer of corn-based edible alcohol, and automaker Honda Motor ( HMC ), which rose 7.3% and 2.5%.

The decliners in North Asia were led by China Digital TV Holding ( STVVY ), a provider of conditional access systems in China, and semiconductor company Silicon Motion Technology (SIMO), which fell 10% and 7.9% respectively. They were followed by technology company Xunlei (XNET), and semiconductor company United Microelectronics (UMC), which lost 3.9% and 3.2%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY), which rose 3%, followed by direct-to-home video provider Videocon d2h (VDTH), and telecommunications provider PLDT (PHI), which were up 0.2% each.

WNS Holdings (WNS), a provider of business process management services, led the decliners in South Asia, falling 3%, followed by automaker Tata Motors (TTM), which dropped 1.1%. Pharmaceutical company Dr. Reddy’s Laboratories (RDY), and telecommunications provider Telekomunikasi Indonesia (TLK) were off 1.1% and 0.3% respectively.

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