ADRs End Higher; Unilever Rises
October 15 2015 - 6:11PM
Dow Jones News
International stocks trading in New York closed higher on
Thursday.
Unilever was among the companies with ADRs that traded
actively.
The BNY Mellon index of American depositary receipts rose 1.83%
to 133.95. The European index increased 1.75% to 135.10, the Asian
index improved 2.22% to 139.11, the Latin American index rose 1.03%
to 168.78 and the emerging markets index increased 1.83% to
224.80.
Anglo-Dutch consumer-products giant Unilever said its
third-quarter revenue rose sharply as sales of ice cream jumped and
the company logged strong growth in emerging markets. ADRs of
Unilever PLC (UL, ULVR.LN) rose 4.3% to $44.96 and Unilever NV (UN,
UNA.AE) rose 4.8% to $44.95.
Shareholders of Siliconware Precision Industries Co. (SPIL,
2325.TW)--known as SPIL--voted down Hon Hai Precision Industry
Co.'s (2317.TW) plan to increase its stake in the Taiwan-based chip
assembly firm and become SPIL's largest shareholder. Hon Hai--also
known as Foxconn Technology Group--has been locked in a battle with
Advanced Semiconductor Engineering Inc. (ASX, 2311.TW, 3355.HK),
for control of SPIL, which is developing a key technology used in
the latest iPhones and smartwatches. ADRs of SPIL rose 7.9% to
$6.87. Advanced Semiconductor Engineering increased 9.1% to
$5.89.
China's top three telecom carriers agreed to sell their telecom
tower assets to a joint venture they formed last year and lease
them back, part of efforts to overhaul China's state-controlled
companies and reduce duplicate investments in the world's largest
mobile market. The carriers--China Mobile Ltd. (CHL, 0941.HK,
K3PD.SG), China Unicom (Hong Kong) Ltd. (CHU, 0762.HK, K3ID.SG) and
China Telecom Corp. (CHA, 0728.HK, K3ED.SG)--said the joint venture
will improve network coverage and reduce spending for new towers.
ADRs of China Mobile rose 1.7% to $61.01, China Unicom dropped 6.6%
to $13.72 and China Telecom fell 1.7% to $53.46.
Taiwan Semiconductor Manufacturing Co. (TSM, 2330.TW) projected
lower fourth-quarter revenue and cut its capital spending estimate
for this year after reporting its first quarterly earnings decline
since 2012. ADRs of the world's biggest contract chip maker fell
1.8% to $21.95.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 15, 2015 17:56 ET (21:56 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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