ADRs End Higher; Credit Suisse, GSK Trade Actively
March 14 2023 - 6:51PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed higher on
Tuesday.
The S&P/BNY Mellon index of American depositary receipts
rose 1% to 145.96. The European index gained 1.4% to 142.24. The
Asian index edged up 0.4% to 168.19. The Latin American index
ticked up 0.3% to 180.98, while the emerging-markets index advanced
1% to 279.50.
Credit Suisse Group AG was among those whose ADRs traded
actively.
The Swiss lender edged down 1.2% after disclosing that it found
material weaknesses in its financial reporting over the past two
years because of ineffective internal controls. The ADRs registered
a 4.5% decline on Monday.
GSK PLC edged up 0.6% after the pharmaceutical giant said its
Nucala add-on maintenance treatment for adults with severe
eosinophilic asthma has been accepted for a new drug application in
China. It also said in a separate announcement that data from a
Phase 3 study showed that its vaccine candidate against the
bacteria that causes meningitis and septicaemia met all primary
endpoints.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 14, 2023 18:36 ET (22:36 GMT)
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