ADRs End Mostly Lower
September 21 2017 - 6:27PM
Dow Jones News
By Ezequiel Minaya
International stocks trading in New York closed mostly down on
Thursday.
ArcelorMittal SA (MT) was among the companies with ADRs that
traded actively.
The BNY Mellon index of American depositary receipts fell 0.11%
to 148.72, the Asian index retreated 0.26% to 171.92, the Latin
American index fell 0.46% to 258.08 and the emerging markets index
declined 0.26% to 323.16. Meanwhile, the European index climbed
0.01% to 138.48.
ADRs in steel conglomerate ArcelorMittal SA slipped 3.2% to
$25.99 as India's Tata Steel Ltd. unveiled plans to combine its
European operations with German steelmaker Thyssenkrupp AG. The new
joint venture will be Europe's second-largest steelmaker behind
ArcelorMittal.
ADRs of Brazilian state oil company Petroleo Brasileiro SA (PBR)
fell 1.3% to $10.28 as the company gave back some of the gains from
Wednesday which were stoked by assurances from President Michel
Temer that the company would remain in government hands.
ADRS of Brazilian miner Vale SA (VALE, VALE5.BR, VALE3.BR,
VALE5.FR) declined 2.6% to $10.32 as the company projects net debt
falling to between $14 billion and $16 billion this year from $22.1
billion in June.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
September 21, 2017 18:12 ET (22:12 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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