ADRs End Higher, Bilibili and HSBC Trade Actively
November 29 2022 - 5:39PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed higher on
Tuesday.
The S&P/BNY Mellon index of American depositary receipts
rose 1.2% to 140.18. The European index advanced 0.7% to 135.93,
the Asian index rose 1.7% to 160.81, the Latin American index was
up 2.5% to 185.51 and the emerging markets index grew 2.4% to
271.28.
Bilibili Inc. and HSBC Holdings PLC were among the companies
with ADRs that traded actively.
ADRs of Bilibili jumped 22% after the company said its
third-quarter loss narrowed as the video-sharing company ramped up
cost-controlling efforts amid rising macroeconomic pressure. Other
technology companies in China have also stepped up efforts to
protect their bottom line in response to a slowing economy.
ADRs of HSBC rose 4.1% after the London-based bank said it would
sell its Canadian operations to Royal Bank of Canada for $10.1
billion. HSBC serves more than 780,000 customers through 130
branches in Canada.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
November 29, 2022 18:24 ET (23:24 GMT)
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