Day trading NASDAQ stocks -- $1,083 in 1 hour -- Meir Barak
American depository receipts of Asian stocks were trading 3.39%lower at 129.54 on the Bank of New York Mellon Asia ADR Index onFriday.
In North Asia, the gainers were led by China Xiniya Fashion (XNY), a men"s business casual apparel retailer, which surged 6%,followed by China New Borum (BORN), a producer and distributor of corn-based edible alcohol, whichclimbed 3.9%. Online retailer LightInTheBox (LITB) gained 1.2%, while education company TAL Education (XRS) moved 0.8% higher.
Rediff.com India (REDF) led the gainers in South Asia as theIndian internet platform rose 3.5%, followed by the region"s onlyother gainer, IT company SIFY (SIFY), which increased 0.8%.
Japanese financial services firm Nomura (NMR) led the declinersin North Asia, as its ADRs have fallen 8.5%, followed by internetdata center services provider 21Vianet (VNET), which was down 5%.Japanese automobile manufacturer Toyota Motor (TM) dropped 4.5%,while solar panel manufacturer Yingli Green Energy (YGE) fell4.4%.
And in South Asia, the decliners were led by Indian automobilemaker Tata Motors (TTM), which fell 7.2%, followed by naturalresources firm Vedanta (VEDL), which shed 5.8%. WNS Holdings (WNS),a business process management service provider, declined 5.5%,while ICICI Bank dropped 5.3%.
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Source: http://www.nasdaq.com/article/asian-adrs-tumble-in-friday-trading-cm640267
