BABA Alibaba Group Holding Limited

By Denny Jacob

International stocks trading in New York closed higher on Thursday.

The S&P/BNY Mellon index of American depositary receipts edged up 0.5% to 150.84. The European index ticked up 0.5% to 146.56. The Asian index moved up 0.5% to 174.17. The Latin American index gained 1.3% to 192.14, while the emerging-markets index rose 1.1% to 290.76.

Alibaba Group Holding Ltd. was among those whose ADRs traded actively.

The Chinese e-commerce giant slipped 0.7% after it reported lackluster sales growth in the October-December quarter, highlighting the financial toll of Beijing's heavy-handed Covid-control regime and pressure from competition.

AstraZeneca PLC moved down 0.7% after the pharmaceutical giant said it signed for an exclusive license agreement with KYM Biosciences Inc. for a gastric cancer treatment with an upfront payment of $63 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 23, 2023 17:37 ET (22:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.