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ADRs End Higher, Arc Minerals, Posco Holdings Trade Actively

By Sabela Ojea

 

International stocks trading in New York closed mostly higher on Friday.

The S&P/BNY Mellon index of American depositary receipts rose 0.4% to 152.10. The European index increased 0.4% to 147.55, the Asian index climbed 0.6% to 176.66, the Latin American index fell 0.5% to 186.62 and the emerging markets index rose 0.02% to 294.93.

ADRs of Arc Minerals Ltd. on Friday jumped 17% to $4.05 after the mining group said an extension has been agreed with its joint venture partner--a subsidiary of Anglo American PLC--regarding its copper-cobalt project in Zambia.

ADRs of Posco Holdings Inc. gained 6.1% to $69.69 amid market expectations that it would return to a profit in the first quarter after a flood-damage recovery and expand its promising battery-materials business.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

March 31, 2023 19:39 ET (23:39 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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