Asian ADRs Move Higher in Thursday Trading

Thursday, October 24, 2019 10:12 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.33% higher at 1,480.43 on the BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by educational services provider TAL Education (TAL) and semiconductor company United Microelectronics (UMC), which climbed 7.7% and 3.3% respectively. They were followed by hospitality company GreenTree Hospitality (GHG) and Noah Holdings (NOAH), which rose 2.9% and 2.7%.

The decliners in North Asia were led by Huaneng Power International (HNP) and Pintec (PT), which fell 2.5% and 1.7% respectively. They were followed by Hutchison China Meditech (HCM) and search engine Baidu (BIDU), which dropped 0.9% and 0.3%.

In South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which rose 1.7% and 0.8% respectively, followed by automaker Tata Motors (TTM), which were up 1.7% and 0.2%.

IT company Infosys (INFY) led the decliners in South Asia, falling 1.4%, followed by pharmaceutical firm Dr. Reddy’s Laboratories (RDY), IT company SIFY Technologies (SIFY) and business process management services provider WNS Holdings (WNS), which dropped 0.9%, 0.7%, and 0.2% respectively.

Price: 40.97, Change: +3.18, Percent Change: +8.41

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