ADRs End Higher
September 29 2017 - 5:58PM
Dow Jones News
By Imani Moise
International stocks trading in New York ended the week
higher.
HSBC Holdings PLC (HSBC) was among the companies with ADRs that
traded actively.
The BNY Mellon index of American depositary receipts rose 0.6%
on Friday to 148.60. The European index increased 0.57% to 139.36,
the Asian index improved 0.7% to 170.24, the Latin American index
rose 0.8% to 252.35 and the emerging markets index increased 1% to
317.65.
ADRs of HSBC advanced 0.4% to $49.41 despite news that it would
be fined $175 million for failing to supervise its foreign-exchange
trading business.
ADRs of Novo Nordisk A/S (NVO) rose 0.2% to $48.15 after
announcing that one of its drugs received regulatory approval in
the U.S.
ADRs of Alibaba Group Holding Ltd. (BABA) rose 1.5% to $172.71
as the Chinese e-commerce giant expanded its presence in
traditional brick-and-mortar retailing with the acquisition of a
10% stake in New Huadu Supercenter.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
September 29, 2017 17:43 ET (21:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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