ADRs End Higher; Steelmakers, Online Retailers Trade Actively
24 June 2017 - 7:45AM
Dow Jones News
International stocks trading in New York closed mostly higher on
Friday.
The BNY Mellon index of American depositary receipts rose 0.2%,
to 140.41. The European index increased 0.3%, to 133.50; the Asian
index improved 0.3%, to 160.20; the Latin American index was little
changed, at 212.62; and the emerging markets index rose 0.3%, to
288.13.
ArcelorMittal SA (MT), JD.com Inc. (JD) and Gerdau SA (GGB) were
among the companies with ADRs that traded actively.
ADRs of JD.com rose 3.9%, to $42.95, as China's second-largest
e-commerce site recently announced a deal to invest $400 million in
British luxury retailer Farfetch.
ADRs in steelmakers rose Friday amid reports that senior members
of Congress may resist calls from the Trump administration to
impose tariffs on imported steel products on national security
concerns. ADRs of ArcelorMittal rose 1.5%, to $21.21, while ADRs of
Gerdau rose 3.2%, to $2.87.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
June 23, 2017 17:30 ET (21:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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