ADRs End Lower
September 20 2017 - 5:39PM
Dow Jones News
By Imani Moise
International stocks trading in New York closed mostly lower on
Wednesday.
Diageo PLC (DEO) and GlaxoSmithKline PLC (GSK) were among the
companies with ADRs that traded actively.
The BNY Mellon index of American depositary receipts fell 0.2%
to 148.88. The European index decreased 0.2% to 138.47, the Asian
index dropped 0.3% to 172.36, and the emerging markets index
declined 0.4% to 324.01. The Latin American Index was the only
indicator that rose, growing 0.4% to 259.28.
ADRs of Luxembourg-based steel maker ArcelorMittal SA (MT) fell
0.2% to $26.85 after Thyssenkrupp AG (TKA.XE) and Tata Steel Ltd
(500470.BY) laid out plans to combine their European steel
activities in a move that would create the region's second-largest
steel producer.
ADRs of GlaxoSmithKline rose 0.7% to $40.18 after the drug
company reported positive results in a late stage trial of Trelegy
Ellipta, a triple-therapy inhaler for patients with chronic
obstructive pulmonary disease.
ADRs of Diageo fell 2.8% to $131.71 after the drinks company,
which houses Johnnie Walker, Crown Royal, J&B, Buchanan's and
Smirnoff, said that it expects organic sales growth to be hit by
the later timing of Chinese New Year.
ADRs of CEMEX SAB (CX) rose 2.3% to $9.34 after being upgraded
by Standard & Poor's.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
September 20, 2017 17:24 ET (21:24 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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