ADRs End Mixed; Weibo, Baidu Trade Actively
February 13 2018 - 6:57PM
Dow Jones News
International stocks trading in New York closed mixed
Tuesday.
The BNY Mellon index of American depositary receipts fell 0.2%
to 152.00. The European index fell 0.1% to 138.48 and the Asian
index fell 0.5% to 182.47.
The Latin American index rose 0.3% to 267.23 as the
emerging-markets index rose 0.2% to 334.38.
Weibo Corp. (WB) and Baidu Inc. (BIDU) were among those with
ADRs that traded actively.
Chinese social-media company Weibo Corp. reported earnings
Tuesday showing better-than-expected profit and revenue. ADRs of
Weibo jumped 9.6% to $129.66.
Baidu Inc. is considering listing online-video unit iQiyi in the
U.S. as a separate public company while increasing investment in
its mobile and artificial intelligence. Revenue also rose 29% to
23.56 billion yuan ($3.62 billion), beating internal projections.
ADRs rose 1.8% to $225.60 ahead of the results and was up 5.1% in
post-market trading.
ADRs of Vipshop Holdings Limited (VIPS), an online discount
retailer for brands in China, rose 6.7% to $17.49 after the company
reported a 27% year-over-year increase in revenue.
ADRs of Korea Electric Power Corp.(KEP) fell 4.7% to $14.88
after the company reported a net loss for its fourth quarter.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
February 13, 2018 18:42 ET (23:42 GMT)
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