Asian ADRs Move Sharply Higher in Thursday Trading

American depositary receipts of Asian stocks were trading 1.10% higher at 1,559.52 on the BNY Mellon Asia 50 ADR Index on Thursday.

In North Asia, the gainers were led by online video platform iQIYI (IQ) and search engine Baidu (BIDU), which surged 13.9% and 9.7% respectively. They were followed by social media platform Weibo Corporation (WB) and automaker NIO (NIO), which climbed 4.8% and 3.2%.

The decliners in North Asia were led by financial technology company Pintec (PT), which fell 4.6%, followed by social media platform Renren (RENN), and personal finance company X Financial (XYF), which lost 2.3% and 1.6% respectively.

In South Asia, the gainers were led by biotech firm ASLAN (ASLN) and mining company Vedanta (VEDL), which rose 5.3% and 2.1% respectively. They were followed by IT company Infosys (INFY) and HDFC Bank (HDB), which were up 2% and 1.2%.

Telecommunications operator Telekomunikasi Indonesia (TLK) and automaker Tata Motors (TTM) were the only decliners in South Asia, falling 0.3% and 0.5% respectively.

Price: 20.20, Change: +2.75, Percent Change: +15.72