ADRs End Mostly Higher; Brazilian Companies Trade Actively
10 Avril 2018 - 1:38AM
Dow Jones News
International stocks trading in New York closed mostly higher
Monday.
The BNY Mellon index of American depositary receipts increased
0.6% to 151.17. The European index rose 0.8% to 139.68. The Asian
index gained 0.9% to 177.13. And the emerging-markets index
improved 0.1% to 327.97.
Meanwhile, the Latin American index fell 2% to 262.45.
Brazilian companies were among those with ADRs that traded
actively.
Chinese e-commerce giant Alibaba Group Holding Ltd. (BABA) is
leading a $600 million funding round in SenseTime Group Ltd., which
makes surveillance systems using facial recognition for law
enforcement and commercial applications. ADRs rose 1.4% to
$169.87.
Novartis AG (NVS, NOVN.EB) has agreed to buy U.S.-based
gene-therapy company AveXis Inc for $8.7 billion, marking the first
big bet by the Swiss pharmaceutical giant's new chief as he looks
to refresh his drug-development pipeline. ADRs rose 1.1% to
$81.07.
ADRs of Brazilian companies fell on Monday amid uncertainty over
the October presidential election. Former Brazilian leader Luiz
Inácio Lula da Silva surrendered to police on Saturday to begin
serving a 12-year jail sentence for corruption. He has denied the
charges, saying he is the victim of a witch hunt intended to stop
him from running in the election, which polls showed he was favored
to win. State oil company Petróleo Brasileiro SA (PBR, PETR3.BR,
PETR4.BR) fell 3.9% to $13.38, and Banco Bradesco SA (BBD,
BBDC4.BR) fell 4.8% to $9.97.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
April 09, 2018 19:23 ET (23:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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