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.
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(END) Dow Jones Newswires