Asian ADRs Move Lower

American depositary receipts of Asian stocks were trading 0.13% lower at 1,439.04 on the BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by online game operator Huya (HUYA) and social media platform MOMO Inc. (MOMO), which rose 4% and 3.6% respectively. They were followed by Aluminum Corporation of China (ACH) and solar panel manufacturer JinkoSolar (JKS), which climbed 2.8% and 2.2%.

The decliners in North Asia were led by technology company Xunlei (XNET) and software firm Gridsum (GSUM), which fell 8.6% and 8% respectively. They were followed by consumer lending company China Rapid Finance (XRF) and financial services firm China Finance Online (JRJC), which lost 3.8% and 3.3%.

In South Asia, the gainers were led by IT company SIFY Technologies (SIFY) and pharmaceutical firm Dr. Reddy’s Laboratories (RDY), which rose 1.5% and 1.4% respectively. They were followed by digital entertainment company Sea Limited (SE) and ICICI Bank (IBN), which were up 0.8% and 0.5%.

IT company Infosys (INFY), and telecommunications operator Telekomunikasi Indonesia (TLK) were the only decliners in South Asia, falling 0.3% each.

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