ADRs End Higher; ABB, Dr. Reddy's Trade Actively

By Denny Jacob

International stocks trading in New York closed higher on Friday.

The S&P/BNY Mellon index of American depositary receipts rose 1% to 154.86. The Asian index climbed 1.7% to 185.63, while the emerging-markets index also gained 1.7%, to 312.19. The European index rose 0.6% to 146.88. The Latin American index edged up 0.3% to 194.89.

ABB Ltd. was among those whose ADRs traded actively.

The Swiss technology company gained 1.5% after it said it would sell its power-conversion division to Taiwan's AcBel Polytech Inc. for $505 million.

Dr. Reddy's Laboratories Ltd. ticked up 0.3% after the pharmaceutical company said it successfully completed the full set of clinical studies of its proposed rituximab biosimilar candidate, DRL_RI, for filing in markets such as the U.S., Europe and other regions.

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

(END) Dow Jones Newswires

January 20, 2023 17:41 ET (22:41 GMT)

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