Asian ADRs Move Higher in Thursday Trading

American depository receipts of Asian stocks were trading 0.45% higher at 151.21 on the Bank of New York Mellon Asia ADR Index on Thursday.

In North Asia, the gainers were led by Korean steel company POSCO (PKX), which surged 9.4%, followed by China Digital TV Holding (STV), a provider of conditional access (CA) systems, which rose 3.7%. Telecommunications company China Unicom (CHU), and Japanese financial holding company Nomura (NMR), were up 3.4% each.

The decliners in North Asia were led by marketing and branding company Acorn (ATV), and real estate company GDS Holdings (GDS), which fell 2.1% each. They were followed by LG Display (LPL), which makes thin-film transistor liquid crystal displays, and internet service provider Internet Initiative Japan (IIJI), which dropped 2% and 1.9% respectively.

In South Asia, the gainers were led by IT services firm SIFY Technologies (SIFY), which rose 1.1%. SIFY was followed by Indonesian telecommunications company Telekomunikasi Indonesia (TLK), and direct-to-home video provider Videocon d2h (VDTH), which edged up 0.1% each.

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