By Sabela Ojea

International stocks trading in New York closed higher on Tuesday.

The S&P/BNY Mellon index of American depositary receipts increased 1% to 147.98. The European index rose 0.3% to 143.39, the Asian index jumped 2% to 172.09, the Latin American index climbed 2.2% to 182.04, and the emerging markets index surged 2.8% to 287.87.

ADRs of Ambev SA closed up 4.5% at $2.78 after rival Brazilian beer brewer Cervejaria Petropolis SA was granted protection from its creditors.

ADRs of TC BioPharm (Holdings) PLC fell after the biotechnology company priced a public offering of 3.4 million American depositary shares, series C warrants to buy up to 3.4 million ADS at $1.60 each, and associated series C warrants.

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

(END) Dow Jones Newswires

March 28, 2023 19:31 ET (23:31 GMT)

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