ADRs Slump, Quoin Pharmaceuticals Ltd. Declines 48.3%

Dow Jones03-06

This article was automatically generated by Dow Jones Newswires using technology from Automated Insights.

International stocks trading in New York closed lower on Tuesday as the S&P/BNY Mellon index of American depositary receipts declined 0.7% to 174.34.

The European index dropped 0.6% to 167.51. The Asian index dropped 0.7% to 206.02. The Latin American index declined 0.7% to 213.94, while the emerging-markets index dropped 1.4% to 325.46.

Quoin Pharmaceuticals Ltd., based in Israel, posted the largest decline, plummeting 48.3% to $1.50, followed by shares of China's AirNet Technology Inc., which plunged 18.7% to $1.15. Shares of U.K.-based Argo Blockchain PLC tumbled 18.6% to $1.79.

China's Phoenix New Media Ltd. Cl A was the biggest leader during the session, rocketing 46.2% to $2.00. France-based PHAXIAM Therapeutics S.A. soared 20.4% to $3.01. Fresenius Medical Care AG, which is based in Germany, rounded out the top three leaders, with shares jumping 11.2% to $20.76.

Data source: Dow Jones Market Data, FactSet.

(END) Dow Jones Newswires

March 05, 2024 16:38 ET (21:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The Asian index dropped 0.7% to 206.02. The Latin American index declined 0.7% to 213.94, while the emerging-markets index dropped 1.4% to 325.46. \n\n\nQuoin Pharmaceuticals Ltd., based in Israel, posted the largest decline, plummeting 48.3% to $1.50, followed by shares of China's AirNet Technology Inc., which plunged 18.7% to $1.15. Shares of U.K.-based Argo Blockchain PLC tumbled 18.6% to $1.79. \n\n\n  China's Phoenix New Media Ltd. Cl A was the biggest leader during the session, rocketing 46.2% to $2.00. France-based PHAXIAM Therapeutics S.A. soared 20.4% to $3.01. 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