ADRs End Lower; ASML Rises
January 20 2016 - 6:21PM
Dow Jones News
International stocks trading in New York closed lower on
Wednesday.
ASML Holding NV (ASML, ASML.AE) was among the companies with
ADRs that traded actively.
The BNY Mellon index of American depositary receipts fell 2% to
113.63. The European index decreased 1.8% to 113.94, the Asian
index dropped 2.6% to 122.45, the Latin American index fell 1.7% to
125.61 and the emerging markets index declined 1.9% to 190.64.
ASML said it planned to buy back an additional one billion euros
($1.09 billion) of its shares as it reported record sales for 2015.
The Dutch semiconductor-equipment maker, whose customers include
large chip makers such as Intel Corp. (INTC) and Samsung
Electronics Co. (005930.SE), has also raised its dividend 50%. ADRs
of ASML rose 6.2% to $85.26.
Posco (PKX, 05490.SE), the world's fifth-largest steelmaker by
output, is expected to post its first-ever annual loss when it
reports results on Jan. 28, analysts say. Fourth-quarter operating
profit and revenue are also widely expected to miss expectations
due to a sharp drop in prices. ADRs fell 3.7% to $32.42.
A unit of UBS Group AG (UBS) said it will "mandatorily" redeem
outstanding notes of two leveraged exchange-traded products that
are linked to energy companies amid a sharp selloff in the sector.
ADRs fell 2.6% to $16.43.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
January 20, 2016 18:06 ET (23:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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