Asian ADRs Move Lower in Thursday Trading

American depository receipts of Asian stocks were trading 1.63% lower at 142.58 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by outdoor advertising company VisionChina Media (VISN) and Yintech Investment (YIN), an online provider of spot commodity trading services in China, which rose 4% and 1.3% respectively. They were followed by electronics and entertainment company Sony (SNE), and Concord Medical Services (CCM), an operator of radiotherapy and diagnostic imaging centers in China, which were up 0.9% and 0.5% each.

The decliners in North Asia were led by e-commerce solutions company Baozun (BZUN), and fabless semiconductor company Silicon Motion Technology (SIMO), which fell 5.3% and 4.7%. They were followed by social media platform Weibo Corporation (WB), and mobile-based social networking platform MOMO Inc. (MOMO), which lost 4.2% and 3.5% respectively.

In South Asia, the gainers were led by IT services firms Infosys (INFY) and Wipro (WIT), which rose 3% and 0.5% each. They were followed by pharmaceutical company Dr. Reddy’s Laboratories (RDY), and Indonesian telecommunications firm Telekomunikasi Indonesia (TLK), which edged up 0.2% and 0.01%

ICICI Bank (IBN) led the decliners in South Asia, falling 2.9%, while automaker Tata Motors (TTM) dropped 2.1%. India-based natural resources company Vedanta (VEDL) and HDFC Bank (HDB) lost 1.8% and 1.6% respectively.

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