ADRs End Mostly Higher; Teva, Siemens and Vipshop Trade Actively
13 Juillet 2017 - 11:35PM
Dow Jones News
By Cara Lombardo
International stocks trading in New York closed mostly higher on
Thursday.
The BNY Mellon index of American depositary receipts rose 0.19%
to 143.03, the Asian index rose 0.16% to 163.28, the Europe index
rose 0.24% to 135.15 and the emerging-markets index rose 0.19% to
298.23, while the Latin American index eased 0.06% to 229.93.
Siemens AG (SIEGY), Teva Pharmaceutical Industries (TEVA), and
Vipshop Holdings (VIPS) were among those with ADRs that traded
actively.
The German government on Wednesday asked Siemens to explain how
two gas turbines it sold for a power plant being built in Russia
ended up in Russian-occupied Crimea instead. Siemens filed a
lawsuit this week against the Russian company that purchased the
turbines. The diversion could violate European Union sanctions.
ADRs in Siemens fell 2% to $68.98.
Teva shareholders voted Thurday to add four independent
directors with industry experience to its board. The company said
the board's most pressing task is to find a new CEO. Teva, the
world's biggest seller of low-price generic drugs, has been without
a permanent leader since February and faces increasing competition.
Published reports have suggested AstraZeneca CEO Pascal Soriot
could be tapped for the post, but neither company has confirmed the
change. ADRs in Teva rose 3.4% to $33.19.
ADRs in discount internet retailer Vipshop Holdings gained as
Chinese exports rose for the fourth month in a row. China's General
Administration of Customs reported Thursday that June exports rose
11.3% compared to last year. ADRs in Vipshop rose 6.8% to
$11.33.
(END) Dow Jones Newswires
July 13, 2017 17:20 ET (21:20 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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