ADRs End Higher, Alibaba and AstraZeneca Trade Actively
05 November 2022 - 12:16AM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed higher
Friday.
The S&P/BNY Mellon index of American depositary receipts
rose 3.7% to 128.80. The European index moved up 3.4% to 125.90.
The Asian index gained 4.3% to 142.23. The Latin American index
advanced 2.7% to 195.06, while the emerging-markets index climbed
4.4% to 246.64.
Alibaba Group Holding Ltd. was among those whose ADRs traded
actively.
The Chinese e-commerce company gained 7.1% following a report
that U.S. audit officials have completed the first round of on-site
inspection of U.S.-listed Chinese companies.
Pharmaceutical company AstraZeneca PLC rose 1.8% after
nirsevimab, a treatment for the prevention of respiratory syncytial
virus, a lower respiratory tract disease in infants, was approved
in the European Union.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 04, 2022 19:01 ET (23:01 GMT)
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