Wednesday's Asia ADR Recap

Stocks in India soared Wednesday on speculation that the government will soon initiate positive economic reforms now that the Left party has dropped its support for the ruling UPA government. Traders said a sharp pull back in crude oil prices from record highs also boosted sentiment across the Far East.

Stocks from India making moves and news in the U.S. include HDFC Bank(HDB Quote), ICICI Bank(IBN Quote), and Infosys Systems(INFY Quote).

Stocks in mainland China and Hong Kong rose sharply Wednesday after crude oil prices eased and speculation picked up that inflation data for June will come in below analyst's expectations. Traders also credited the rally to rumors that China will change its tight monetary policy in an effort to aid the ailing real estate market.

Stocks from China making moves and news in the U.S. include ReneSola(SOL Quote), Sinovac Biotech(SVA Quote), American Oriental Bioengineering(AOB Quote), and Focus Media(FMCN Quote).

For the rest of the article, including detailed analysis of the latest activity surrounding these and other Chinese and Indian stocks, please click here.

Be sure, also, to check out the Far East Portfolio at Stockpickr.com every night.