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nasdaq.com [ ] 11/01/2017
Asian ADRs Edge Higher in Wednesday Trading
American depository receipts of Asian stocks were trading 0.18% higher at 147.39 on the Bank of New York Mellon Asia ADR Index on Wednesday.

In North Asia, the gainers were led by aluminum producer Aluminum Corporation of China ( ACH ), and Gridsum ( GSUM ), a provider of cloud-based data analytics solutions in China, which rose 5.4% and 3.6% respectively. They were followed by electronics and entertainment giant Sony ( SNE ), higher 2.6%, and railroad operator Guangshen Railway ( GSH ), up 1.7%.

The decliners in North Asia were led by semiconductor firm Semiconductor Manufacturing International ( SMI ), which fell 4.4%. Airline operators China Eastern Airlines (CEA) and China Southern Airlines (ZNH) dropped 3% and 2.3% respectively, while telecommunications provider China Unicom (CHU) also moved 2.3% lower.

In South Asia, the only gainer was IT services firm SIFY Technologies (SIFY), which rose 1.3%.

Automobile manufacturer Tata Motors (TTM) led the decliners in South Asia, falling 0.6%, as did pharmaceutical firm Dr. Reddy\'s Laboratories (RDY). Direct-to-home video provider Videocon d2h (VDTH) was down 0.5%, while Indonesian telecommunications company Telekomunikasi Indonesia (TLK) was off 0.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
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