ADRs End Mostly Higher; China Eastern, Teva Trade Actively

FeaturesDow Jones Newswires

International stocks trading in New York closed mostly higher on Wednesday.

The BNY Mellon index of American depositary receipts rose 0.4% to 151.27. The European index increased 0.3% to 140.86. The Asian index rose 0.7% to 178.36. The emerging-markets index rose 0.3% to 318.67, and the Latin American index fell 1.2% to 239.23. China Eastern Airlines Corp. (CEA) and Teva Pharmaceutical Industries Ltd. (TEVA) were among those with ADRs that traded actively.

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Chinese airlines rose amid hopes that companies in the sector will be among the next batch to get fresh outside investment amid the government's so-called mixed-ownership reform. ADRs in China Eastern Airlines rose 4.3% to $30.88 and China Southern Airlines Co. (ZNH) rose 3.8% to $48.

ADRs in Teva fell 5% to $15.70 as the company said it would detail its restructuring plan and additional measures to improve its business Thursday morning. Media reports last week said that the company is considering cutting as many as 10,000 jobs.

ADRs of Sanofi SA (SNY) fell 0.1% to $43.92 after the company said it expects to begin at least 10 Phase 3 studies over the next 12 months, an announcement that came from a preview of its research-and-development strategy and pipeline for 2018.

(END) Dow Jones Newswires

December 13, 2017 18:15 ET (23:15 GMT)