Asian ADRs Slightly Lower in Trade

American depository receipts of Asian stocks were trading 0.25% lower at 160.34 on the Bank of New York Mellon Asia ADR Index on Thursday. In North Asia, the gainers were led by semiconductor foundry United Microelectronics (UMC), and Jumei (JMEI), an online retailer of beauty products, which rose 2.2% and 1.8% respectively. They were followed by Autohome (ATHM), an online destination for automobile consumers in China, and media company Phoenix New Media (FENG), which increased 1.6% and 1.5% each.

The decliners in North Asia were led by China Digital TV Holding (STVVY), a provider of conditional access (CA) systems to China, and solar equipment provider SPI Energy (SPI), falling 6.5% and 4.1% respectively. They were followed by social platform YY Inc. (YY), and solar panel manufacturer Yingli Green Energy (YGE), which lost 3.3% and 2.2% each. In South Asia, the gainers were led by natural resources company Vedanta (VEDL), and direct-to-home video provider Videocon d2h (VDTH), which rose 1.7% and 0.8% respectively. They were followed by ICICI Bank (IBN), and WNS Holdings (WNS), a provider of business process management services, up 0.6% and 0.5%.

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