Asian ADRs Move Lower in Thursday Trading

Thursday, July 16, 2020 11:00 AM | MT Newswires

American depositary receipts of Asian stocks were trading 1.26% lower at 1,624.48 on the BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by educational services provider Tarena International Inc. (TEDU) and power management components maker O2Micro International Limited (OIIM), which climbed 10.4% and 8.5% respectively. They were followed by educational services provider Four Seasons Education (FEDU) and mobile health care platform 111, Inc. (YI), which rose 4.2% and 3.5%.

The decliners in North Asia were led by video aggregation application Qutoutiao Inc. (QTT) and online integrated platform company Secoo Holding Limited (SECO), which fell 12% and 8.3% respectively. They were followed by fashion e-commerce platform MOGU Inc. (MOGU) and online brokerage UP Fintech Holding (TIGR), which lost 7% and 6.8%.

In South Asia, the gainers were led by biotech firm ASLAN Pharmaceuticals Limited (ASLN) and business process management services provider WNS Holdings (WNS), which rose 5.7% and 5.5% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories Limited (RDY) and IT firm Infosys Limited (INFY), which were up 2.1% and 1.2%.

The decliners in South Asia were led by IT company Sify Technologies Limited (SIFY) and digital entertainment company Sea Limited (SE), which were down 11% and 3.8% respectively. They were followed by automaker Tata Motors Limited (TTM) and ICICI Bank Limited (IBN), which were down 1.4% each.

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