Asian ADRs Move Higher in Wednesday Trading


American depository receipts of Asian stocks were trading 0.47% higher at 144.57 on the Bank of New York Mellon Asia ADR Index on Wednesday
In North Asia, the gainers were led by telecommunications firm China Unicom (CHU), and airline operator China Eastern Airlines (CEA), which rose 7% and 3.9% respectively. They were followed by online game developer The9 (NCTY), up 3.1%, and Kingtone Wirelessinfo Solution (KONE), a provider of mobile enterprise solutions, higher 3% .

The decliners in North Asia were led by travel company Tuniu Corp (TOUR), which fell 3.5%, followed by aluminum producer Aluminum Corporation of China (ACH), lower 3.3%, and coal mining company Yanzhou Coal Mining (YZC), off 3.2%. Solar park operator Sky Solar Holdings (SKYS) was down 3%.

In South Asia, the gainers were led by ICICI Bank (IBN), and natural resources company Vedanta (VEDL), which climbed 4.5% and 1.6% respectively. They were followed by HDFC Bank (HDB), higher 1.3%, and automobile manufacturer Tata Motors (TTM), up 0.7%.