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ADRs End Higher

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11/08/2017 | 11:48pm CEST
   By Imani Moise 
 

International stocks trading in New York closed higher on Wednesday.

GlaxoSmithKline PLC (>> GlaxoSmithKline plc) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 0.3% to 151.03. The European index increased 0.2% to 139.2, the Asian index improved 0.2% to 180.59, the Latin American index rose 1.5% to 245.78 and the emerging markets index increased 0.2% to 326.34.

ADRs of GlaxoSmithKline rose 1.8% to $36.48 after the company named one of the pharmaceutical industry's leading research luminaries as its next chief scientific officer.

ADRs of ArcelorMittal (>> ArcelorMittal SA), the world's biggest steelmaker, fell 1% to $29 after the European Union said the company was under antitrust investigation for its acquisition of troubled Italian steel plant Ilva.

ADRs of Ericsson (>> Telefonaktiebolaget LM Ericsson) dropped 3.1% to $6.28 after the company pushed back its 12% operating margin target.

ADRs of oil giant Total SA (>> Total SA) fell 0.2% to $56.71 after announcing a deal to buy French utility Engie SA's liquefied-natural gas business for as much as $2 billion.

Write to Imani Moise at [email protected]

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