By Kathryn Hardison


International stocks trading in New York closed mostly higher on Wednesday.

The S&P/BNY Mellon index of American depositary receipts rose 0.8% to 149.54. The European index increased 0.3% to 145.49, the Asian index rose 1.3% to 172.34, the Latin American index gained 2% to 190.43 and the emerging markets index was up 1.8% to 287.29.

Weir Group PLC and Weibo Corp. were among the companies with ADRs that traded actively.

ADRs of Weir Group gained 6.6% after the U.K. engineering company said 2022 pretax profit rose, beating consensus, on higher revenue driven by strong order activity.

ADRs of Weibo dropped 7.5% after the Chinese social-media giant said revenue fell 27% in the recent quarter, dragged down by lower revenue from its main advertising and marketing business. Still, net profit rose 23% as cost-saving efforts boosted profitability.

ADRs of German conglomerate Siemens AG gained 1.4% after the company said it will set up a new company to house its motors and large-drives businesses as it looks to cash in on growing demand for more efficient electrification and energy consumption.


Write to Kathryn Hardison at


(END) Dow Jones Newswires

March 01, 2023 17:54 ET (22:54 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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