The international stocks trading in New York closed higher on Friday. Here is a breakdown of the performance of different indices:
S&P/BNY Mellon Index
- American depositary receipts: 151.84 (+0.7%)
- Fractional increase: 145.91
- Rose by 1.5%: 176.64
Latin American Index
- Increased by 2%: 204.50
- Gained 2.1%: 294.37
Alibaba Group Holding
ADRs of Alibaba rose by 8% to $90.55 following China’s financial regulators imposing a nearly $1 billion fine on Ant Group, in which Alibaba owns a one-third stake. This development brings Ant Group closer to the end of its long-running business overhaul.
ADRs of Coca-Cola HBC saw a 6.8% increase, reaching $30.60, after the company raised its profit outlook for the year due to a stronger-than-expected performance in June.
ADRs of Shell rose by 1.9% to $59.65 after the company provided an update on its quarterly outlook, including projections for a working capital gain of between $2 billion and $6 billion. Analysts believe this news should give investors confidence in Shell’s continuing pace of share buybacks, despite softening market conditions.