ADRs End Mostly Higher; AB InBev, Alibaba Trade Actively
July 28 2022 - 6:09PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed mostly higher on
Thursday.
The S&P/BNY Mellon index of American depositary receipts
ticked up 0.1% to 140.29. The European index slipped 0.2% to
131.58. The Asian index moved up 0.3% to 170.61. The Latin American
index advanced 2.3% to 182.51, while the emerging-markets index
rose 0.6% to 287.68.
Anheuser-Busch InBev NV was among those whose ADRs traded
actively.
The brewer slipped 5.1% after reporting weaker sales to both
retailers and wholesalers in the U.S., its largest market, but
revenue growth of 2.7% in the country amid higher selling
prices.
Chinese e-commerce giant Alibaba Group Holding Ltd. slid 2.2%
after The Wall Street Journal reported that billionaire Jack Ma
plans to relinquish control of Ant Group Co., part of the fintech
giant's effort to move away from affiliate Alibaba after more than
a year of extraordinary pressure from Chinese regulators.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
July 28, 2022 17:54 ET (21:54 GMT)
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