ADRs End Lower; Alibaba Trades Actively
11 November 2017 - 9:32AM
Dow Jones News
International stocks trading in New York closed lower on
Friday.
The BNY Mellon index of American depositary receipts declined
0.3% to 149.61. The European index decreased 0.2% to 138.24. The
Asian index fell 0.2% to 178.66. The Latin American index fell 1.6%
to 239.40. And the emerging-markets index declined 0.4% to
323.05.
Alibaba Group Holding Ltd. (BABA) was among those with ADRs that
traded actively.
ArcelorMittal (MT) reported global steel prices are now how
higher than in North America, as steel demand rebounds strongly in
Europe and elsewhere. The company's third-quarter shipments of
steel from the U.S., Mexico and Canada rose 5% from a year earlier
and were up 4% from volume in the second quarter. ADRs rose 3.5% to
$29.14.
Alibaba reported that Alipay processed 256,000 payment
transactions per second at peak within the first hour of the annual
shopping extravaganza known as Singles Day. Millions of Chinese
consumers were glued to their smartphones Saturday in China, buying
shoes, clothes, cosmetics and more. ADRs rose 0.7%.
Hanwha Q CELLS Co. (HQCL) said that revenue in its third quarter
was $543.0 million, down from $707.8 million in the same quarter a
year before. ADRs fell 7.6%.
Xinyuan Real Estate Co. (XIN) reported third-quarter revenue of
$482.4 million, up 8.6% from a year prior. ADRs rose 4.7%.
(END) Dow Jones Newswires
November 10, 2017 17:17 ET (22:17 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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