ADRs Close Lower
July 19 2018 - 5:37PM
Dow Jones News
By Waverly Colville
International stocks trading in New York closed lower on
Thursday.
The BNY Mellon index of American depositary receipts fell 0.5%
to 147.72. The European index decreased 0.4% to 137.88. The Asian
index dropped 0.6% to 175.50. The Latin American index fell 1.2% to
220.41 and the emerging markets index decreased 0.8% to 312.68.
SAP SE and China Eastern Airlines Corp. were among the companies
with ADRs that traded actively.
ADRs of SAP fell 3.8% to $117.36 after the company reported its
second-quarter results. The company's profit rose to 719 million
euros from 668 million euros a year before. This was strongly
driven by its cloud business, which raised its revenue to 1.2
billion euros.
ADRs of China Eastern Airlines fell 5.8% to $30.70. The company
and Air France-KLM SA will extend their cooperation in their
maintenance, repair and overhaul sector with China Eastern's Boeing
787-9 planes, which will eventually grow to 15. Air France will
develop regional spare parts for the jets in Shanghai. China
Eastern is already one of Air France's largest shareholders.
Write to Waverly Colville at waverly.colville@wsj.com
(END) Dow Jones Newswires
July 19, 2018 17:22 ET (21:22 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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