ADRs End Higher; Sasol Declines
June 06 2016 - 05:25PM
Dow Jones News
International stocks trading in New York closed higher on
Monday.
Sasol Ltd. (SSL, SOL.JO) was among the companies with ADRs that
traded actively.
The BNY Mellon index of American depositary receipts rose 0.7%
to 125.30. The European index increased 0.5% to 123.88; the Asian
index improved 1.2% to 133.16; the Latin American index rose 0.6%
to 173.62; and the emerging markets index increased 0.5% to
230.36.
Sasol's ADRs fell 11% to $28.60 after the South Africa
industrial chemical producer said it expects its per-share earnings
to decline 10% to 30% for the fiscal year ending June 30.
HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) pushed out some
senior bankers in a restructuring of its investment banking
business. The changes come after HSBC in February formed a new
global banking division and hired former Goldman Sachs executive
Matthew Westerman to co-head it with Robin Phillips. HSBC is the
latest bank to change its investment banking business to reduce
costs and try to make more money from clients across the group.
ADRs fell 4 cents to $32.50.
French drug giant Sanofi (SNY, SAN.FR) and U.S. partner
Regeneron Pharmaceuticals (REGN) said a one-year phase three trial
study showed a treatment combining their drug dupilumab with
topical corticosteroids significantly improved the situations of a
group of patients suffering from atopic dermatitis. Sanofi's ADRs
rose 2 cents to $41.16.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 06, 2016 17:10 ET (21:10 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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