Thursday's Asia ADR Recap: PetroChina

Indian stocks continued to drop dramatically Thursday, following a negative session on Wall Street the previous day. Investors are selling first and asking questions later as emerging markets continue to spiral to the downside across all of Asia.

Market players in the region are worried that inflation data could come in hot on Friday and political instability could arise surrounding the U.S.-India nuclear energy accord. The Communist Party of India said it will continue to oppose the nuclear agreement with the U.S., which has been stalled since 2005.

"Negative global cues coupled with inflation concerns and political uncertainty is a dangerous concoction for a market where sentiment is already weak. There is no clarity as to which way the market is headed, and given the scenario, traders chose to sell. I advise people to stay where they are until a clear trend emerges," said Hitesh Sheth of Prabhudas Lilladher.

The Bombay Stock Exchange's Sensex Index lost 334.32 points, or 2.2%, to 15,051.66. Here's a look at how some India-based American depositary shares traded in the U.S. on Thursday. ...