Asian ADRs Slip in Trade

American depository receipts of Asian stocks were trading 0.19% lower at 150.25 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by fabless semiconductor company Himax Technologies (HIMX), which rose 2.9%, followed by financial services provider Fanhua (FANH), and property developer Xinyuan Real Estate (XIN), which gained 2.2% each. Semiconductor company ChipMOS (IMOS) climbed 1.6%.

The decliners in North Asia were led by 21Vianet (VNET), an internet data center services provider, and social media platform MOMO Inc. (MOMO), which shed 6.4% and 5.1% respectively. They were followed by China New Borun (BORN), a producer and distributor of corn-based edible alcohol, off 5%, and solar equipment maker SPI Energy (SPI), lower 4.3%.

In South Asia, the gainers were led by Philippines telecommunications firm PLDT (PHI), and direct-to-home video provider Videocon d2h (VDTH), which rose 2.7% each. They were followed by Indonesian telecommunications provider Telekomunikasi Indonesia (TLK), and natural resources firm Vedanta (VEDL), which rose 1.5% and 0.9% respectively.

By Jon Flanagan