ADR Report-Foreign stocks little changed, tech rises

NEW YORK, Dec 22 (BestGrowthStock) – Overseas shares traded in the
United States were little changed in quiet trade on Wednesday,
marked by gains in technology issues.

The BNY Mellon index of leading American Depositary
Receipts (ADRs) (.BKADR: ) edged up 0.1 percent, while the broad
S&P 500 index (.SPX: ) ticked up 0.3 percent. Volume was expected
to be light throughout the holiday-shortened week.

U.S.-listed shares of ARM Holdings (ARMH.O: ) jumped after
reports that Microsoft (MSFT.O: ) was working on a new version of
its core Windows operating system for devices such as tablets
to run on processors designed by the British software company.
ARM gained 4.5 percent to $20.66. For details, see
[ID:nN21260301]

Also in the tech sector, Canon Inc (CAJ.N: ) rose after the
Nikkei business daily reported it was likely to beat its
operating profit forecast for the financial year ending this
month on strong demand for high-end cameras. Its shares were up
1.3 percent at $50.89. [ID:nTOE6BK087]

Other leaders in the sector included China’s Semiconductor
Manufacturing (SMI.N: ), rising 0.5 percent to $3.81, and ASM
International (ASMI.O: ), up 2.8 percent at $33.48.

Energy and materials shares rose as commodity prices
firmed. BHP Billiton (BHP.N: ) added 1 percent to $91.87 as gold
steadied, while China Petroleum (SNP.N: ) put on 1.2 percent to
$95.04 as oil hit a two-year high, rising above $90 a barrel.

The BNY Mellon index of leading Asian ADRs (.BKAS: ) added
0.3 percent. Hong Kong’s market edged higher in light volume,
while Japan’s Nikkei dipped after earlier hitting a seven-month
intraday high.

The BNY Mellon index of leading European ADRs (.BKEUR: ) was
nearly flat, inching up 0.02 percent as European stocks also
edged higher.

Receipts with the BNY Mellon index of leading Latin
American ADRs (.BKLA: ) were off 0.2 percent.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)

ADR Report-Foreign stocks little changed, tech rises