By Allison Prang 
 

International stocks trading in New York closed higher Wednesday.

ABB Ltd. (ABB) and New Oriental Education & Technology Group Inc. (EDU) were among the companies with ADRs that traded actively.

The S&P/BNY Mellon index of American depositary receipts rose 0.6% to 140.87. The European index increased 0.8% to 130.98, the Asian index improved 0.3% to 165.21, the Latin American index rose 1.1% to 232.10 and the emerging markets index increased 0.4% to 299.73.

ADRs of ABB rose 5.1% to $20.47. The company reported earnings Wednesday. Revenue and profit declined in the third quarter.

ADRs of New Oriental Education & Technology Group rose 3.7% to $112.43. Daiwa raised its price target on the company from $125 to $135 and said its margin should expand. Benchmark also raised its price target on the company from $128 to $130, according to Benzinga.

--Yifan Wang contributed to this article.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 23, 2019 17:59 ET (21:59 GMT)

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