Asian ADRs Move Higher in Thursday Trading

American depositary receipts of Asian stocks were trading 0.10% higher at 171.90 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Baozun (BZUN), a brand e-commerce solutions company, and solar equipment company JinkoSolar (JKS), which rose 1.8% and 1.5% respectively. They were followed by China Finance Online (JRJC), a web-based financial services company in China, and semiconductor company ChipMOS (IMOS), which were up 1.4% and 1.3%.

The decliners in North Asia were led by electronics and entertainment company Sony (SNE), and solar equipment provider ReneSola (SOL), which lost 1.9% and 1.7% respectively. They were followed by solar panel manufacturer Yingli Green Energy (YGE), and IT company ChinaCache (CCIH), which fell 1.3% and 1.2%.

In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), and automaker Tata Motors (TTM), which rose 3.6% and 0.9% respectively. They were followed by telecommunications company PLDT (PHI), and WNS Holdings (WNS), a provider of business process management services, which were up 0.5% and 0.3%.

Pharmaceutical company Dr. Reddy’s Laboratories (RDY) was the only decliner in South Asia, falling 0.1%.

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