Featured Image

American depository receipts of Asian stocks were trading 0.14% higher at 169.25 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by commercial wheel manufacturer China Zenix Auto International ( ZX), and oil company Sinopec Shanghai Petrochemical ( SHI ), which rose 2.9% and 2.4% respectively. They were followed by fables semiconductor company Himax Technologies ( HIMX ), up 2.3%, and airline operator China Southern Airlines ( ZNH ), up 2.2%.

The decliners in North Asia were led by solar equipment provider JinkoSolar ( JKS ), and O2Micro International ( OIIM ), a maker of power management components for computers, which fell 2.8% and 2.5% respectively. They were followed by online game publisher Gravity (GRVY), down 1.7%, and online retailer LightInTheBox (LITB), off 1.4%.

In South Asia, the only gainers were IT firm SIFY Technologies (SIFY), which rose 1.1%, and telecommunications company Telekomunikasi Indonesia (TLK), which moved 0.4% higher.

Pharmaceutical company Dr. Reddy's Laboratories (RDY) led the decliners in South Asia, falling 2.8%, followed by automaker Tata Motors (TTM), and telecommunications provider PLDT (PHI), which lost 0.5% each. Meanwhile, direct-to-home video provider Videocon d2h (VDTH) was down 0.2%.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.


Related Articles