ADRs End Higher; Alibaba and Pearson Trade Actively

By Austen Hufford Features Dow Jones Newswires

International stocks trading in New York closed higher Wednesday as the the Dow Jones Industrial Average reached a new peak.

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Alibaba Group Holding Ltd. (BABA) and Pearson PLC (PSO) were among the companies with American depositary receipts that traded actively.

The BNY Mellon index of ADRs grew 0.1% to 150.91. The European index grew 0.1% to 140.23, the Asian index grew 0.4% to 176.12, and the emerging markets index grew 0.3% to 327.68. Still, the Latin American index fell 0.4% to 255.96.

ADRs of Dutch semiconductor group ASML Holding NV (ASML) fell 2.6% after the company reported a 35% rise in net profit in the third quarter, on the back of strong sales.

ADRs of Alibaba rose 2.5% as Vice Chairman Joseph Tsai said the company's plans to nearly triple its research and development spending over the next three years isn't that big of a stretch given its rapid growth.

ADRs of Pearson rose 3.1% after The Wall Street Journal reported it was turning to simpler finance and human resources platforms to deliver savings and cut overall headcount by around 3,000 employees.

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Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

October 18, 2017 18:01 ET (22:01 GMT)