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ADRs End Higher; Infineon, Petrobras Among Companies Actively Trading

10/05/2021 | 04:45pm EST

By Kimberly Chin

International stocks trading in New York closed higher on Tuesday. The S&P/BNY Mellon index of American depositary receipts rose 1% to 158.84. The European index improved 0.9% to 141.44. The Asian index increased 1.2% to 211.75. The Latin American index was flat at 186.45. And the emerging-markets index rose 1.1% to 348.12.

Infineon Technologies AG's ADRs, which trade over the counter, rose 5% after the company's Chief Financial Officer Sven Schneider said Tuesday that the company intends to pay a dividend of 0.27 euros ($0.31) for the 2020-21 financial year, marking a return to pre-pandemic levels.

ADRs of Petróleo Brasileiro SA rose 1.5% on Monday after the Brazilian state-controlled oil company, better known as Petrobras, said it had completed overhauls to its compliance program, bringing to a close a settlement agreement with U.S. authorities over a vast bribery and kickback scheme in Brazil.

AstraZeneca PLC's ADRs tumbled 1.1% after the company said Tuesday it has asked U.S. regulators for emergency-use authorization for an antibody drug that earlier this year showed strong efficacy in preventing symptomatic Covid-19, offering a potential alternative in evading the disease.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

10-05-21 1845ET

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