ADRs End Higher; Alibaba, ReneSola Among Companies Actively Trading

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by kimberly chin

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International stock trading in New York closed with gains on Monday.

The S&P/BNY Mellon Index for American Depository Receipts rose 1.3% to 156.26. The European index rose 1.2% to 140.45. The Asian index rose 1.4% to 206.25. The Latin American index rose 1.7% to 176.82. The Emerging Markets Index rose 1.7% to 338.12.

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Alibaba Group Holding Ltd.’s ADRs jumped 10% after the Chinese e-commerce giant said it was reorganizing its e-commerce teams and said that it is restructuring its e-commerce teams and has taken a hit due to rising competition, slowing growth and declining stock price in China. Naming the new Chief Financial Officer. ,

Renesola Ltd.’s ADRs rose 6.9% on Monday after the solar project developer said its board has authorized up to $50 million in buybacks of its US depository shares.

Toyota Motor Corp.’s ADR rose 1.2%, according to a public incentive deal approved Monday, as the company said it was investing $1.25 billion and building a new electric-vehicle battery plant in rural Randolph County, NC. creating 1,750 jobs with

Write to Kimberly Chin at [email protected]

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