ADR Report-ADRs inch up with Japanese, Indian shares

NEW YORK, Dec 16 (BestGrowthStock) – U.S.-listed shares of overseas
companies edged higher on Thursday, with shares of Japanese
exporters helped by the dollar’s rise against the yen.

Also, ADRs of Indian companies advanced as investors were
relieved by the decision of the country’s central bank to hold
interest rates steady, instead of hiking them as some had
expected.

Shares of Wipro (WIT.N: ) shot up 3.8 percent to $15.12 in
New York while shares of Infosys Technologies Ltd (INFY.O: )
gained 2.7 percent to $73.37.

Among Japanese exporters, shares of Canon (CAJ.N: ) rose 1.5
percent to $49.52 in New York, while shares of Honda Motor Co
Ltd (HMC.N: ) gained 1.7 percent to $38.42.

A softer yen supports exporters in the long run. The dollar
was up 0.2 percent against the yen (JPY=: ) at 84.36 yen.

The BNY Mellon index of leading American Depositary
Receipts (ADRs) (.BKADR: ) was up 0.3 percent, while the U.S.
benchmark S&P 500 index (.SPX: ) was up 0.5 percent.

The BNY Mellon index of leading Asian ADRs (.BKAS: ) rose 0.7
percent, and the BNY Mellon index of leading European ADRs
(.BKEUR: ) was up 0.3 percent.

Receipts with the BNY Mellon index of leading Latin
American ADRs (.BKLA: ), however, were off 0.09 percent.

Mexico’s Cemex (CX.N: ), the world’s No. 3 cement maker,
moved up 1 percent to $10.04.

Economic data in the United States, a major trading partner
for Mexico and Latin America overall, was supportive. Factory
activity in the U.S. Mid-Atlantic region unexpectedly rose in
December, while jobless claims dipped for a second week.
November housing starts rose but permits for future home
construction dropped to a 1-1/2-year low. For details see
[ID:nN16214117].
(Reporting by Caroline Valetkevitch; Editing by James
Dalgleish)

ADR Report-ADRs inch up with Japanese, Indian shares