ADRs End Higher, Honda Trades Actively

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International stocks trading in New York closed higher Friday.

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The S&P/BNY Mellon index of American depositary receipts rose 3.1% to 141.31. The European index was up 2.8% to 134.29. The Asian index was 3.6% higher at 165.89. The Latin American index rose 2.7% to 196.95. And the emerging-markets index was up 3.9% to 281.82.

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Honda Motor Co. was among ADRs that traded actively.

Honda Motor Co.’s fourth-quarter net profit slid 41% from a year earlier due partly to weaker earnings from North American operations.

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Honda expects group car sales to rise to 4.2 million units for the fiscal year that started in April, up from 4.1 million units sold in the previous fiscal year. It projects car sales in North America to increase to 1.4 million units from 1.3 million units.

The company forecasts group motorcycle sales to increase to 18.6 million units, led by gains in Asia excluding Japan, from 17.0 million units.

Its ADRs closed 2.2% higher at $25.63.

Write to Maria Armental at [email protected]

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Credit: www.marketwatch.com /

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