ADRs End Mixed; Weibo, Baidu Trade Actively

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02/14/2018 | 12:42 am


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. (>> Weibo Corp (ADR)) and Baidu Inc. (>> Baidu) 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 (>> Vipshop Holdings Ltd - ADR), 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.(>> Korea Electric Power Corporation) fell 4.7% to $14.88 after the company reported a net loss for its fourth quarter.





Write to Austen Hufford at [email protected]





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