ADRs End Higher, Banco Santander and Volkswagen Trade Actively
21 March 2023 - 9:53AM
Dow Jones News
By Sabela Ojea
International stocks trading in New York closed higher
Monday.
The S&P/BNY Mellon index of American depositary receipts
rose 1.2% to 143.75. The European index jumped 1.6% to 139.55, the
Asian index increased 0.5% to 166.80, the Latin American index rose
0.2% to 176.91, and the emerging markets index climbed 0.02% to
276.50.
ADRs of Banco Santander S.A. on Monday closed up 3.3% after UBS
Group AG agreed to buy its crosstown peer Credit Suisse Group AG in
a government-brokered deal that rattled the wider sector.
ADRs of Volkswagen AG rose 0.5% after the German car maker said
it is requesting approval from Russian authorities to sell its
subsidiary in the country, a year after it suspended activities
there following Russia's invasion of Ukraine and just days after a
Russian court froze Volkswagen's assets in the country.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
March 20, 2023 18:38 ET (22:38 GMT)
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