ADRs End Mostly Lower; Banks Trade Actively
December 06 2017 - 5:50PM
Dow Jones News
By Imani Moise
International stocks trading in New York closed mostly lower on
Wednesday.
Deutsche Bank AG (DB) and Barclays PLC (BCS) were among the
companies with ADRs that traded actively.
The BNY Mellon index of American depositary receipts fell 0.2%
to 148.4. The European index decreased 0.1% to 138.09, the Asian
index dropped 0.4% to 174.62, and the emerging markets fell 0.2% to
314.03.
The Latin American index was the only indicator to see gains
rising 0.2% to 238.94.
ADRs of Barclays fell 0.7% to $10.14 after The Wall Street
Journal reported the bank would lend $20 billion to back CVS Health
Corp.'s takeover of Aetna Inc.
ADRs of Deutsche Bank dropped by 1.4% to $18.50 as the company
continued to cope with news it received a subpoena from U.S.
Special Counsel Robert Mueller's office concerning people or
entities affiliated with President Donald Trump.
ADRs of Alibaba Group Holding (BABA) rose 2.2% to $172.63 after
Susquehanna initiated coverage with a positive rating.
ADRs of GlaxoSmithKline PLC (GSK) fell 0.6% to $34.66 despite
reporting positive results from a late stage clinical trial of its
Shingrix drug.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
December 06, 2017 17:35 ET (22:35 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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