ADRs End Higher, Bilibili and HSBC Trade Actively

By Kathryn Hardison

International stocks trading in New York closed higher on Tuesday.

The S&P/BNY Mellon index of American depositary receipts rose 1.2% to 140.18. The European index advanced 0.7% to 135.93, the Asian index rose 1.7% to 160.81, the Latin American index was up 2.5% to 185.51 and the emerging markets index grew 2.4% to 271.28.

Bilibili Inc. and HSBC Holdings PLC were among the companies with ADRs that traded actively.

ADRs of Bilibili jumped 22% after the company said its third-quarter loss narrowed as the video-sharing company ramped up cost-controlling efforts amid rising macroeconomic pressure. Other technology companies in China have also stepped up efforts to protect their bottom line in response to a slowing economy.

ADRs of HSBC rose 4.1% after the London-based bank said it would sell its Canadian operations to Royal Bank of Canada for $10.1 billion. HSBC serves more than 780,000 customers through 130 branches in Canada.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

November 29, 2022 18:24 ET (23:24 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.