ADRs End Mixed; Weibo, Baidu Trade Actively

Date : 02/13/2018 @ 6:57PM
Source : Dow Jones News
Stock : Carnival Plc Ads Ads (CUK)
Quote : 58.73  1.39 (2.42%) @ 12:05AM

ADRs End Mixed; Weibo, Baidu Trade Actively

WEIBO CORP (NASDAQ:WB)
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International stocks trading in New York closed mixed Tuesday.

The BNY Mellon index of American depositary receipts fell 0.2% to 152.00. The European index fell 0.1% to 138.48 and the Asian index fell 0.5% to 182.47.

The Latin American index rose 0.3% to 267.23 as the emerging-markets index rose 0.2% to 334.38.

Weibo Corp. (WB) and Baidu Inc. (BIDU) were among those with ADRs that traded actively.

Chinese social-media company Weibo Corp. reported earnings Tuesday showing better-than-expected profit and revenue. ADRs of Weibo jumped 9.6% to $129.66.

Baidu Inc. is considering listing online-video unit iQiyi in the U.S. as a separate public company while increasing investment in its mobile and artificial intelligence. Revenue also rose 29% to 23.56 billion yuan ($3.62 billion), beating internal projections. ADRs rose 1.8% to $225.60 ahead of the results and was up 5.1% in post-market trading.

ADRs of Vipshop Holdings Limited (VIPS), an online discount retailer for brands in China, rose 6.7% to $17.49 after the company reported a 27% year-over-year increase in revenue.

ADRs of Korea Electric Power Corp.(KEP) fell 4.7% to $14.88 after the company reported a net loss for its fourth quarter.

 

Write to Austen Hufford at austen.hufford@wsj.com

 

(END) Dow Jones Newswires

February 13, 2018 18:42 ET (23:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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