ADRs End Higher, Banco Santander and Volkswagen Trade Actively

By Sabela Ojea

International stocks trading in New York closed higher Monday.

The S&P/BNY Mellon index of American depositary receipts rose 1.2% to 143.75. The European index jumped 1.6% to 139.55, the Asian index increased 0.5% to 166.80, the Latin American index rose 0.2% to 176.91, and the emerging markets index climbed 0.02% to 276.50.

ADRs of Banco Santander S.A. on Monday closed up 3.3% after UBS Group AG agreed to buy its crosstown peer Credit Suisse Group AG in a government-brokered deal that rattled the wider sector.

ADRs of Volkswagen AG rose 0.5% after the German car maker said it is requesting approval from Russian authorities to sell its subsidiary in the country, a year after it suspended activities there following Russia's invasion of Ukraine and just days after a Russian court froze Volkswagen's assets in the country.

Write to Sabela Ojea at [e-mail]

(END) Dow Jones Newswires

March 20, 2023 18:38 ET (22:38 GMT)

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