Asian ADRs Move Higher in Friday Trading

American depository receipts of Asian stocks were trading 0.12% higher at 141.50 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by Leju Holdings (LEJU), a real estate services provider in China, and e-commerce solutions company Baozun (BZUN), which rose 7.1% and 5.8% respectively. They were followed by aluminum producer Aluminum Corporation of China (ACH), and Jumei (JMEI), an online retailer of beauty products, which were up 3% and 2.8% respectively.

The decliners in North Asia were led by Wowo Ltd. (JMU), an online platform providing business-to-business (B2B) services to the food-industry, and online retailer LightInTheBox (LITB), which shed 4.8% and 3.3% respectively. They were followed by educational services provider Tarena (TEDU), down 2.7%, and social networking platform MOMO Inc. (MOMO), off 2.6%.

In South Asia, the gainers were led by ICICI Bank (IBN), which rose 2.3%, followed by pharmaceutical company Dr. Reddy’s Laboratories (RDY), which increased 1.6%. IT services firm Infosys (INFY), and direct-to-home video provider Videocon d2h (VDTH), were up 1.1% and 0.5% respectively.

By Stephen Holmes