Asian ADRs Move Higher in Friday Trading

American depositary receipts of Asian stocks were trading 0.86% higher at 1,473.44 on the BNY Mellon Asia 50 ADR Index on Friday.

In North Asia, the gainers were led by social media platform MOMO Inc. (MOMO) and e-commerce solutions company Baozun (BZUN), which climbed 5.3% and 4.1% respectively. They were followed by educational services provider Tarena (TEDU) and semiconductor company ASE Industrial Holding (ASX), which rose 3.3% each.

The decliners in North Asia were led by computer-based testing services provider ATA (ATAI) and consumer lending company China Rapid Finance (XRF), which fell 4.9% and 3.8% respectively. They were followed by online game developer The9 (NCTY) and travel company Tuniu Corp (TOUR), which lost 2% and 1.6%.

In South Asia, the gainers were led by digital entertainment company Sea Limited (SE) and telecommunications operator PLDT (PHI), which rose 1.7% and 0.8% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and business process management services provider WNS Holdings (WNS), which were up 0.5% and 0.1%.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 4.2%, followed by IT company SIFY Technologies (SIFY), ICICI Bank (IBN) and IT services firm Wipro (WIT), which dropped 2.9%, 1.9%, and 1.8% respectively.

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