Asian ADRs Trade Higher

American depository receipts of Asian stocks were trading 0.18% higher at 168.15 on the Bank of New York Mellon Asia ADR Index on Friday. In North Asia, the gainers were led by 51job (JOBS), a provider of human resource services in Chin, and polysilicon manufacturer Daqo New Energy (DQ), which rose 9.3% and 8.4% respectively. They were followed by education services provider China Distance Education (DL), up 6.7%, and Leju Holdings (LEJU), a real estate services provider in China, up 5.2%.

The decliners in North Asia were led by solar equipment company SPI Energy (SPI), and aluminum producer Aluminum Corporation of China (ACH), which lost 4% and 3.8% respectively. They were followed by China Digital TV Holding (STV), down 3.1%, a provider of conditional access systems to China, and solar park operator Sky Solar Holdings Ltd (SKYS), off 2.9%. In South Asia, the gainers were led by natural resources company Vedanta (VEDL), and telecommunications provider PLDT (PHI), which rose 3.1% and 2% respectively. They were followed by WNS Holdings (WNS), a provider of business process management services, up 0.6%, and ICICI Bank (IBN), higher 0.2%.

By Garrett Hatch