Friday's Asia ADR Recap: ATA

According to finanicalexpress.com, Cuban Deputy Minister of Foreign Trade Eduardo Escandell Amador is leading a 19-member delegation to India to meet with company executives at India's largest automaker Tata Motors (TTM Quote) to discuss bringing Tata's Nano and Maruti cars and its trucks and busses into Cuba for sale. Shares of Tata dropped 1.4% to $15.18.

One Indian ADR to advance Friday was Dr. Reddy's Laboratories (RDY Quote). Shares of Dr. Reddy's climbed 2.8% to $16.01.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

Chinese stocks continued to slide lower Friday as investors grappled with the huge economic losses caused by last week's earthquake. Traders said construction, commodity and materials stocks, which are viewed as pure plays on the China rebuild, were hit hard after racking up huge gains since the devastating earthquake that hit the nation last week.

"The earthquake has further weakened market sentiment, prompting investors to sell first as they gauge the real loss it has caused to the economy," said Yan Ji, an investment manager at HSBC Jintrust Fund Management.

Shares in Hong Kong sold off sharply, led by declines in major oil players PetroChina (PTR Quote) and Cnooc (CEO Quote) after crude oil prices continued to ease off record high prices.

The Shanghai Composite Index slipped 12.5 points, or 0.36%, to 3,473.09, and Hong Kong's Hang Seng Index dropped 329.05 points, or 1.3%, to 24,714.07. Here's a look at how some China-based American depositary shares traded in the U.S. Friday.