ADRs End Higher; Chinese Firms Rise

International stocks trading in New York closed higher on Thursday.

The BNY Mellon index of American depositary receipts rose 2.7% to 132.83. The European index increased 2.2% to 133.61, the Asian index improved 3.3% to 137.63, the Latin American index rose 5.3% to 176.18 and the emerging markets index increased 4.65% to 220.66. Chinese firms were among the companies with ADRs that traded actively.

China shares jumped by the most in over a month on Thursday, as cheap valuations lured foreign investors to the battered market. Among Chinese companies with ADRs, Aluminum Corp. of China Ltd. (ACH, K3HD.SG) rose 14% to $8.66, China Eastern Airlines Corp. (CEA, 0670.HK, 600115.SH, K3CD.SG) increased 11% to $28.83, Baidu Inc. (BIDU, K3SD.SG) rose 6.8% to $152.06 and Weibo Corp. (WB) increased 8.1% to $11.89.

ADRs of CRH PLC (CRH, CRH.DB) rose 4% to $29.37 after the Irish construction group's chief executive said the company will take a breather from large-scale acquisitions after it completes the $1.3 billion purchase of U.S. glazing products company C.R. Laurence Co. Dublin-based CRH also reported a slight increase in profit for the first six months of the year, but still beat analysts' expectations.

ADRs of NQ Mobile Inc. (NQ) climbed 39% to $4.20 a day after the company said it is selling its online game publishing unit, FL Mobile Jiutian Technology Co., to Tsinghua Holdings Co.'s Beijing Jinxing Ronda Investment Co. Ltd. in a deal valued at a minimum of four billion yuan, or about $626 million.

ADRs of PetroChina Co. (PTR, 0857.HK, 601857.SH, K3OD.SG) rose 6% to $87.09 after China's biggest oil-and-gas producer by volume reported that its earnings plunged 63% in the first half of 2015 amid slumping oil prices.

ADRs of Total SA (TOT, FP.FR) rose 6.1% to $45.27 after the French oil major said that it has agreed to sell a gas pipeline and gas terminal in the North Sea to North Sea Midstream Partners for 585 million pounds ($905 million) as it battles against the oil price collapse.

Write to Tess Stynes at [e-mail]

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(END) Dow Jones Newswires

August 27, 2015 18:29 ET (22:29 GMT)

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