ADRs End Mostly Higher; XPeng, BioNTech Among Companies Actively Trading

By Kimberly Chin

International stocks trading in New York closed higher on Wednesday.

The S&P/BNY Mellon index of American depositary receipts ticked up 0.04% to 169. The Asian index rose 0.4% to 235.83. The Latin American index slightly rose 0.3% to 226.05. And the emerging-markets index increased 0.9% to 411.38. However, the European index declined 0.3% to 143.34.

ADRs of XPeng Inc. rose 4.1% on Wednesday after the Chinese electric-car maker said it has secured approval to sell shares in Hong Kong, making it the latest U.S.-listed Chinese company seeking to tap investors closer to home.

BioNTech SE's ADRs tumbled 3% on Wednesday. The German pharmaceutical company has plans to expand its cooperation with Siemens AG on production capacity for Covid-19 vaccines.

Meanwhile, GlaxoSmithKline PLC's ADRs rose 2% after the British pharmaceutical giant pledged to accelerate growth and gave further details of the long-planned separation of its consumer-healthcare business.

Lloyds Banking Group PLC's ADRs rose 1.2% after the U.K. lender said Wednesday that it is closing a further 44 branches in England and Wales amid a push into digitalization. The new closures will take place between September and November, it said.

Write to Kimberly Chin at [e-mail]

(END) Dow Jones Newswires

06-23-21 2002ET