ADR Shares End Mostly Lower; Gold Miners Trade Actively
August 29 2017 - 7:07PM
Dow Jones News
International stocks trading in New York closed mostly lower on
Tuesday.
The BNY Mellon index of American depositary receipts declined
0.12% to 144.33, the Asian index eased 0.09% to 167.44, the
emerging-markets index edged down 0.03% to 314.35 and the European
index fell 0.19% to 134.17.
Meanwhile, the Latin American index rose 0.26% to 248.03.
AngloGold Ashanti Ltd. (AU) and Randgold Resources Ltd. (GOLD)
were among those with ADRs that traded actively.
Gold prices touched their highest price in 11 months Tuesday, as
North Korea's latest missile launch pushed investors toward haven
assets. The precious metal closed above $1,300 for the first time
this year on Monday. A weaker dollar also continued to support gold
prices for much of Tuesday's session, as the dollar-denominated
metal becomes cheaper to foreign buyers when the U.S. currency
falls. ADRs in miner BHP Billiton PLC (BBL) rose 0.4% to $37.64
while ADRs in AngloGold Ashanti and Randgold Resources rose 3.9%
and about 2%, respectively.
China Southern Airlines Co.'s (ZNH, 1055.HK) revenue rose 12% in
the first half of the year, although the Guangzhou-based carrier
said Tuesday its first-half net profit fell by the same margin to
2.77 billion yuan ($418.5 million). ADRs in China Southern Airlines
rose 0.5% to $37.99.
ADRs in Fang Holdings Ltd. fell 3% to $3.51 as the Chinese
real-estate portal said its revenue plunged following the company's
pivot toward being a franchise business. Revenue fell 62% to $110.1
million, however, the company trimmed its net loss in the second
quarter to $2.1 million from $40.6 million in the year-ago
period.
(END) Dow Jones Newswires
August 29, 2017 18:52 ET (22:52 GMT)
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