ADRs End Mixed; ArcelorMittal, Credit Suisse Trade Actively

By Denny Jacob

International stocks trading in New York closed mixed on Friday.

The S&P/BNY Mellon index of American depositary receipts rose 0.2% to 139.63, the European index climbed 0.4% to 136.19 and the Latin American index ticked up 0.1% to 181.63. But the Asian index retreated 0.3% to 159.03 and the emerging-markets index edged down 0.9% to 265.95.

ArcelorMittal SA was among companies whose ADRs traded actively, with the Luxembourgian steelmaker's ADRs edging up 0.8%.

The bump came after ArcelorMittal's Ukrainian subsidiary ArcelorMittal Kryvyi Rih PJSC said its operations will restart as quickly as Ukrainian power supply is restored after Russian missile strikes largely suspended production.

Credit Suisse Group AG's ADRs tumbled 6.3% even as the Swiss bank is pulling in about $4.2 billion of new equity funding, part of a share selloff by the global investment bank to help pay for a sweeping overhaul after financial losses and a string of scandals.

Write to Denny Jacob at [e-mail]

(END) Dow Jones Newswires

November 25, 2022 18:34 ET (23:34 GMT)

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