ADRs End Higher, Helped by Airlines in China

International stocks trading in New York closed higher on Wednesday.

The BNY Mellon index of American depositary receipts was little changed at 151.68. The Asian index increased 0.4%, to 179.77. The Latin American index rose 0.6%, to 242.73. The emerging-markets index increased 0.5%, to 321.70. The European index fell 0.3%, to 140.69.

ADRs of some Chinese airlines rose amid hopes of strong traffic growth through the year-end. That comes as chatter persists about major state-owned firms bringing in new outside investors in amid another round of so-called mixed-ownership reforms. ADRs of China Southern Airlines Co. (ZNH) rose 5.7%, to $51.79, as China Eastern Airlines Corp. (CEA) rose 5.3%, to $34.68.

ADRs of Royal Dutch Shell PLC (RDS.A) rose 0.3%, to $65.10, as energy prices rose and as an Italian judge ruled Wednesday that industry executives must stand trial on corruption charges connected to a 2011 Nigerian oil deal.

(END) Dow Jones Newswires

December 20, 2017 18:11 ET (23:11 GMT)

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