ADRs End Higher; ABB, Dr. Reddy's Trade Actively
January 20 2023 - 5:56PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed higher on
Friday.
The S&P/BNY Mellon index of American depositary receipts
rose 1% to 154.86. The Asian index climbed 1.7% to 185.63, while
the emerging-markets index also gained 1.7%, to 312.19. The
European index rose 0.6% to 146.88. The Latin American index edged
up 0.3% to 194.89.
ABB Ltd. was among those whose ADRs traded actively.
The Swiss technology company gained 1.5% after it said it would
sell its power-conversion division to Taiwan's AcBel Polytech Inc.
for $505 million.
Dr. Reddy's Laboratories Ltd. ticked up 0.3% after the
pharmaceutical company said it successfully completed the full set
of clinical studies of its proposed rituximab biosimilar candidate,
DRL_RI, for filing in markets such as the U.S., Europe and other
regions.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 20, 2023 17:41 ET (22:41 GMT)
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