ADRs End Higher, Alibaba and AstraZeneca Trade Actively

By Denny Jacob

International stocks trading in New York closed higher on Tuesday.

The S&P/BNY Mellon index of American depositary receipts edged up 0.9% to 125.89. The European index ticked up 0.5% to 123.73. The Asian index gained 1.5% to 137.67. The Latin American index advanced 2% to 191.40, while the emerging-markets index moved up 1.6% to 238.06.

Alibaba Group Holding Ltd. was among those whose ADRs traded actively.

The Chinese e-commerce giant gained 3.6%, aided by speculation that China was planning to ease a stringent zero-Covid policy that has dragged on Chinese stocks.

Pharmaceutical giant AstraZeneca PLC rose 1.8% after its Covid-19 vaccine Vaxzevria was granted full marketing authorization in the European Union.

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