Asian ADRs Move Lower

American depositary receipts of Asian stocks were trading 0.74% lower at 1,388.00 on the BNY Mellon Asia 50 ADR Index on Friday.

In North Asia, the gainers were led by solar equipment maker ReneSola (SOL) and online game developer The9 (NCTY), which climbed 6.6% and 5.4% respectively. They were followed by wealth management firm Puyi Inc. (PUYI) and O2Micro International (OIIM), which rose 3.2% each.

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The decliners in North Asia were led by semiconductor company Himax Technologies (HIMX) and thin-film liquid display maker LG Display (LPL), which fell 9.6% and 2.6% respectively. They were followed by streaming music service Tencent Music (TME) and online discount retailer Vipshop (VIPS), which are down 2.5% and 2.4%.

In South Asia, the only gainer was HDFC Bank (HDB), which rose 1.1%.

Biotech firm ASLAN (ASLN) led the decliners in South Asia, falling 3.3%, followed by digital entertainment company Sea Limited (SE), and business process management services provider WNS Holdings (WNS) and ICICI Bank (IBN), which lost 1.1%, 0.6%, and 0.3% respectively.