ADRs End Mixed; Danske Bank, Volkswagen Trade Actively

By Kathryn Hardison

International stocks trading in New York closed mixed on Friday.

The S&P/BNY Mellon index of American depositary receipts fell 0.8% to 137.13. The European index decreased 0.4% to 128.88, the Asian index fell 1.4% to 167.78, the Latin American index increased 0.1% to 168.35 and the emerging markets index decreased 1.8% to 279.22.

Danske Bank AS and Volkswagen AG were among the companies with ADRs that traded actively.

ADRs of Danske Bank fell 2.3% after it reported second-quarter net profit of 1.7 billion Danish kroner ($233.6 million), down from SEK2.68 billion last year, but in line with company guidance. The bank said interest rate changes took a hit to its trading income and income from its insurance business during the period.

ADRs of Volkswagen fell 1.8% after the company said Chief Executive Officer Herbert Diess is stepping down from the top job and management board effective Sept. 1. Mr. Diess will be succeeded by Oliver Blume, who is also CEO of the car maker's sports-car brand Porsche AG. ADRs of Porsche Automobil Holding fell 0.7%.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

07-22-22 1647ET