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ADRs End Higher; Tencent, Alibaba Among Companies Actively Trading

08/03/2021 | 05:16pm EDT

By Kimberly Chin

International stocks trading in New York closed higher on Tuesday. The S&P/BNY Mellon index of American depositary receipts rose 0.9% to 168.22. The European index improved 1.4% to 145.85. The Asian index rose 0.2% to 229.67. The Latin American index increased 1% to 214.02. And the emerging-markets index rose 0.1% to 389.63.

Tencent Holdings Ltd.'s ADRs fell 3% on Tuesday after a state-owned Chinese newspaper criticized online gaming, describing it as "opium for the mind," and fueling investor concerns that the companies' popular games could be swept up into a broader regulatory crackdown. ADRs of rivals NetEase Inc. and Bilibili Inc. tumbled 11% and 7.1%, respectively, as well.

Alibaba Group Holding Ltd.'s ADRs slipped 1.4% despite e-commerce and cloud-computing sales fueling higher revenue in the latest quarter as concerns about the Chinese business climate in which it operates weighed.

BP PLC's ADRs rose 6.7% after the British oil-and-gas major said it increased its second-quarter dividend and launched a $1.4 billion share buyback program. It plans to execute the buybacks before the release of its third-quarter results, BP said.

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

(END) Dow Jones Newswires

08-03-21 1916ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -1.01% 156.26 Delayed Quote.-32.86%
BILIBILI INC. -4.62% 72.72 Delayed Quote.-15.17%
DJ INDUSTRIAL -0.18% 34751.32 Delayed Quote.12.97%
LONDON BRENT OIL -0.28% 75.42 Delayed Quote.42.98%
NETEASE, INC. -0.73% 84.34 Delayed Quote.-11.93%
TENCENT HOLDINGS LIMITED -0.53% 451 End-of-day quote.-20.04%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD 1.33% 59.625 Delayed Quote.12.03%
WTI -0.38% 72.312 Delayed Quote.46.90%
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