PBR Petroleo Brasileiro ADR

International stocks trading in New York were mixed on Monday.

The BNY Mellon index of American depositary receipts eased 0.3% to 114.82. The European index edged down 0.5% to 114.52; the Asian index fell 0.4% to 121.73; the Latin American index rose 1.5% to 144.78; and the emerging markets index increased 0.4% to 205.13.

Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) and Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) were among the companies with ADRs that traded actively.

Brazilian companies with ADRs gained Monday after the Chinese central bank lowered reserve requirements for banks, and the real was little changed against the dollar. China is Brazil's biggest trading partner, and measures by Chinese authorities to spur economic growth often push Brazilian shares higher. Among the gainers, ADRs of mining giant Vale rose 8.5% to $2.94 and state-controlled oil company Petroleo Brasileiro, known as Petrobras, increased 6.5% to $3.60.

Alibaba Group Holding Ltd. (BABA) said Executive Chairman Jack Ma and Executive Vice Chairman Joseph Tsai are spending $500 million to buy company stock as the Chinese Internet giant tries to shake off concerns that shopping on its sites will be hit as China's economy slows. ADRs rose 2.8% to $68.81.

British bank Barclays PLC (BCS, BARC.LN) said on Monday that it expects to update investors on its reassessment of the future its shareholding in Barclays Africa Group Ltd. when it announces its full-year results on Tuesday. ADRs rose 1.4% to $9.44.

Citigroup Inc. agreed to sell its 20% stake in unlisted China Guangfa Bank for $3 billion to China Life Insurance Co. (LFC, 2823.TW, 601628.SH), making it the latest big Western bank to sell off its Chinese bank holdings. China Life on Monday also said it would also acquire about 568 million shares of Guangfa Bank from International Business Machines Corp. for $554 million. China Life's ADRs fell 2.6% to $10.91.

Gerdau SA (GGB, GGBR3.BR, GGBR4.BR) is delaying the release of its 2015 financial results until March 15, as Brazil's largest steelmaker by revenue evaluates the impact of an investigation into tax fraud allegations. The company has denied any wrongdoing. Gerdau had been scheduled to publish its 2015 results Tuesday. Last week Brazilian police searched Gerdau's offices in five cities, seizing computers, documents, mobile phones and other potential sources of information. ADRs rose 0.9% to 88 cents.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

February 29, 2016 18:26 ET (23:26 GMT)

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