By Kimberly Chin
International stocks trading in New York closed higher on Wednesday.
The S&P/BNY Mellon index of American depositary receipts rose 0.1% to 169.29. The European index ticked up 0.1% to 143.45. The Asian index was flat at 237.49. The Latin American index increased 1.4% to 219.08. And the emerging-markets index rose 0.3% to 410.25.
Galapagos NV's ADRs fell 1.8% after the company reported topline results for three of its GLPG3970 studies that showed that its product candidate supports the role of SIK inhibition in inflammation. The three trials found GLPG3970 was mostly safe and well tolerated and there weren't serious adverse events in patients, the company said.
Sumitomo Mitsui Financial Group Inc.'s ADRs slipped 0.7% on Wednesday after the company said that it has formed a strategic alliance with Jefferies Financial Group Inc. to work on leveraged finance and cross-border merger businesses, the companies said.
Swisscom AG's ADRs, which trade over the counter, fell slightly, by 0.7%, after the company said it will lodge an appeal with the Swiss Federal Supreme Court after the Federal Administrative Court concluded that the company behaved improperly in the 2008 tender process to set up a broadband network at Swiss Post Ltd sites.
Write to Kimberly Chin at email@example.com
(END) Dow Jones Newswires