Asian ADRs Trade Lower in Thursday Trading

American depository receipts of Asian stocks were trading 0.13% lower at 145.17 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Japanese financial services firm Nomura (NMR), and Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, which rose 4.7% and 4.1%, respectively. They were followed by IT company ChinaCache (CCIH), and financial services firm Orix (IX), which were up 3.8% and 3.5%, respectively.

The decliners in North Asia were led by coal mining company Yanzhou Coal Mining (YZC), and China Techfaith Wireless Communication (CNTF), owner and operator of commercial real estate properties across China, which shed 3.3%, and 2.5% respectively. Korean steel company POSCO (PKX) fell 2.3%, while energy and chemical company China Petroleum & Chemical (SNP) lost 2%.

In South Asia, the gainers were led by pharmaceutical firm Dr. Reddy’s Laboratories (RDY), and HDFC Bank (HDB), which rose 2.7% and 0.8% respectively. They were followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK), and ICICI Bank (IBN), which gained 0.7% each.

IT services firm Wipro (WIT) led the decliners in South Asia, falling 0.9%, followed by natural resources company Vedanta (VEDL), which lost 0.8%. WNS Holdings (WNS), a provider of business process management services, and IT company INFY (INFY), dropped 0.4% and 0.3% respectively.

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