ADRs in Focus: Japanese ADRs

Several Japanese ADRs rose in afternoon trading on Monday as Japan's main index reversed a recent slide to end its longest losing streak in more than a half-century.

The benchmark Nikkei 225 Stock Average rose 0.9 percent to 13,360.04 after losing at least 8 percent of its value during the recent 12-day decline, the longest since 15 straight trading days of losses starting April 28, 1954.

In afternoon trading, the Bank of New York Mellon Japan ADR index gained 0.81 points to 99.55. The index is down about 6.3 percent so far this year.

ADRs, or American Depositary Receipts, are securities designed to allow U.S. investors to trade shares of overseas companies.

Mizuho Financial Group Inc. shares rose 29 cents, or 3.2 percent, to $9.39.

Shares of Toyota Motor Corp. advanced $1.17 to $93.17.

Canon Inc. shares gained 10 cents to $49.35.

Shares of Hitachi Ltd. rose $1.95, or 2.8 percent, to $72.28.

In the U.S., stocks finished lower as investors mulled a cautious economic outlook from San Francisco Federal Reserve President Janet Yellen, who said financial markets remain soft.

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