ADRs End Higher; Gold Mining Companies Rise
June 15 2016 - 6:47PM
Dow Jones News
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts rose 0.5%
to 118.38. The European index edged up 0.3% to 115.61, the Asian
index improved 0.7% to 128.31, the Latin American index rose 1.4%
to 169.57 and the emerging markets index increased 0.8% to
224.02.
Gold mining companies were among the companies with ADRs that
traded actively.
Gold futures surged after the Federal Reserve left benchmark
interest rates unchanged on Wednesday, briefly hitting $1,300 a
troy ounce before giving up some gains. Among gainers, ADRs of
AngloGold Ashanti Ltd. (AU, ANG.JO) rose 4.3% to $16.77, Gold
Fields Ltd. (GFI, GFI.JO) increased 6.2% to $4.45 and Randgold
Resources Ltd. (GOLD, RRS.LN) rose 3.9% to $95.97.
Alibaba Group Holding Ltd. (BABA) is coming under fire again
from global brands for rampant counterfeits on its shopping
platforms, after co-founder Jack Ma cast the Chinese e-commerce
giant as the global leader in the battle against fake goods at an
investor conference on Tuesday. ADRs rose 62 cents to $78.39.
Philippine Long Distance Telephone Co. (PHI, TEL.PH), or PLDT,
said Wednesday it expects to spend around 10 billion pesos ($216
million) for a campus-type headquarters it is considering to build.
The company said it would take around three years to complete the
development if it proceeds with the project. ADRs rose 2.2% to
$43.53.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 15, 2016 18:32 ET (22:32 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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