ADRs End Higher; AnPac Bio-Medical, RSA Insurance Trade Actively
16 September 2020 - 1:49AM
Dow Jones News
By Kimberly Chin
International stocks trading in New York closed higher on
Tuesday as technology shares extended a rally that started late
last week and boosted the broad U.S. stock indexes.
The S&P/BNY Mellon index of American depositary receipts
rose 0.9% to 138.33. The European index improved 0.6% to 115.44.
The Asian index increased 1.4% to 200.64. And the emerging-markets
index rose 1.8% to 355.05. However, the Latin American index
notched 0.1% lower to 153.20.
ADRs of AnPac Bio-Medical Science Co. jumped 4.5% on Tuesday
after the company said it entered into a noteworthy sales contract
in mid-August with Beijing Yuan Jian Health Management Co. in China
for its newly launched immunology test, AnPac Defense Medical
Examination. The biotechnology company said Beijing Yuan Jian
Health Management had already been a client for the past two
years.
RSA Insurance Group PLC's ADRs, which trade over the counter,
rose 4.3% after the insurer said Tuesday that it expects a ruling
by the U.K. High Court over business interruption claims from the
coronavirus pandemic to result in 104 million pounds ($133.6
million) in further payouts.
ADRs of Bayer AG, which trade over the counter, rose 2.4% on
Tuesday after the company said it will pay $10.9 billion to settle
all the cases though the company said it must separately finalize
deals with each law firm representing Roundup plaintiffs. Bayer is
also working to revise a plan to try to capture the liability from
anyone who sues over its Roundup weedkiller in the future.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
September 15, 2020 19:34 ET (23:34 GMT)
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