Asian ADRs Move Lower in Friday Trading

American depository receipts of Asian stocks were trading 0.11% lower at 171.88 on the Bank of New York Mellon Asia ADR Index on Friday.

In North Asia, the gainers were led by semiconductor companies ChipMOS (IMOS) and Semiconductor Manufacturing International (SMI), which rose 10.2% and 4.4% respectively. They were followed by China Finance Online (JRJC), a web-based financial services company, up 1.9%, and oil company Sinopec Shanghai Petrochemical (SHI), up 1.7%.

The decliners in North Asia were led by casino and resort operator Melco Crown Entertainment (MPEL), and Fanhua (FANH), a financial services provider in China, which fell 2.5% and 2.4% respectively. They were followed by online retailer LightInTheBox (LITB), lower 2%, and oil company China Petroleum & Chemical (SNP), down 1.9%.

In South Asia, the gainers were led by IT firm SIFY Technologies (SIFY), which rose 3.5%, followed by natural resources company Vedanta (VEDL), and WNS Holdings (WNS), a provider of business process management services, which were up 0.9% and 0.1% respectively.

Automaker Tata Motors (TTM), ICICI Bank (IBN), and telecommunications provider PLDT (PHI) led the decliners in South Asia, falling 0.5%, followed by pharmaceutical firm Dr. Reddy’s Laboratories (RDY), which was off 0.3%.