Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.39% lower at 1,464.23 on the BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by travel service provider International (CTRP) and AU Optronics (AUO), a manufacturer of thin film transistor liquid crystal displays, which climbed 3.7% and 3.6% respectively. They were followed by solar equipment provider ReneSola (SOL) and live game streaming operator Huya (HUYA), which rose 2.9% and 2.5%.

The decliners in North Asia were led by educational services provider Tarena (TEDU) and online consumer finance platform LexinFintech (LX), which were down 3.9% and 2.9% respectively. They were followed by steel company POSCO (PKX) and pharmaceutical firm Takeda Pharmaceutical (TAK), which lost 2.6% and 2.4%.

In South Asia, the gainers were led by IT services firm Wipro (WIT) and mining company Vedanta (VEDL), which rose 1% and 0.6% respectively. They were followed by IT company Infosys (INFY), which moved 0.3%, higher.

Automaker Tata Motors (TTM) led the decliners in South Asia, falling 1.4%, followed by digital entertainment company Sea Limited (SE), telecommunications operator, PLDT (PHI) and business process management services provider WNS Holdings (WNS), which lost 1.1%, 0.6%, and 0.5% respectively.

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