Asian ADRs Move Lower in Friday Trading

Friday, November 8, 2019 10:14 AM | MT Newswires

American depositary receipts of Asian stocks were trading 0.41% lower on the BNY Mellon Asia 50 ADR Index on Friday.

In North Asia, the gainers were led by online game developer Gravity (GRVY), and micro lending company Qudian (QD), which surged 6.1% and 5.7% respectively. They were followed by online game publisher The9 (NCTY), and search engine Baidu (BIDU), which climbed 5.3% and 2.8%.

The decliners in North Asia were led by solar park operator Sky Solar (SKYS), which tumbled 16%. Technology company Xunlei (XNET), semiconductor company ASE Industrial Holding (ASX), and railroad operator Guangshen Railway (GSH) lost 5.1%, 1.9%, and 1.2% respectively.

In South Asia, the gainers were led by ICICI Bank (IBN), which rose 2.2%, followed by IT company SIFY Technologies (SIFY), and business process management services provider WNS Holdings (WNS) were up 0.4% and 0.1%.

Biotech firm ASLAN (ASLN) led the decliners in South Asia, falling 6.6%, followed by telecommunications operator PLDT (PHI), IT firm Infosys (INFY), and automaker Tata Motors (TTM), which were off 2.3%, 1.6%, and 1.2% respectively.

Price: 37.10, Change: +2.90, Percent Change: +8.48

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