Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.97% lower at 1,450.24 on the BNY Mellon Asia 50 ADR Index on Wednesday.

In North Asia, the gainers were led by pharmaceutical company Takeda Pharmaceutical (TAK) and solar equipment provider ReneSola (SOL), which rose 3.8% and 2.8% respectively. They were followed by educational services provider OneSmart (ONE) and power management firm Huaneng Power International (HNP), which climbed 2.8% and 2.1%.

The decliners in North Asia were led by fabless semiconductor company Silicon Motion Technology (SIMO) and personal finance company X Financial (XYF), which lost 5% and 2.1% respectively. They were followed by LG Display (LPL), a manufacturer of thin-film transistor liquid crystal displays, and online direct sales company (JD), which dropped 1.6% and 1.1%.

In South Asia, the gainers were led by telecommunications operator PLDT (PHI), and mining company Vedanta (VEDL), which rose 1.9% and 1.7% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK), and IT company Wipro (WIT), which were up 1.6% each.

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