Asian ADRs Move Lower in Wednesday Trading

American depository receipts of Asian stocks were trading 0.71% lower at 142.04 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by NQ Mobile (NQ), a provider of mobile Internet services, and GDS Holdings (GDS), an operator of data centers in China, which rose 1.8% and 1.5% respectively. They were followed by Tarena (TEDU), a provider of professional education services, and financial holding company Shinhan Financial (SHG), which gained 1.3% each.

The decliners in North Asia were led by ChinaCache (CCIH), a provider of content delivery network and cloud computing, which shed 6.5%, followed by semiconductor company Semiconductor Manufacturing International (SMI), which was down 3.4%. Aluminum producer Aluminum Corporation of China (ACH) lost 2.4%, while social media platform Weibo Corporation (WB) dropped 2.3%.

In South Asia, the gainers were led by natural resources firm Vedanta (VEDL), and IT company Wipro (WIT), which were up 1.1% and 0.5% respectively. They were followed by IT services firm Infosys (INFY), and pharmaceutical company Dr. Reddy’s Laboratories (RDY), which edged 0.07% and 0.04% higher respectively.

Indonesian telecommunications company Telekomunikasi Indonesia (TLK) led the decliners in South Asia, falling 2.2%, followed by WNS Holdings (WNS), a provider of business process management services, and Indian automaker Tata Motors (TTM), which fell 1.5% each. ICICI Bank (IBN) was off 1%.

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