ADRs Slump; Canaan Declines 18%

Dow Jones04-20

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

International stocks trading in New York closed lower on Friday, as the S&P/BNY Mellon index of American depositary receipts dropped 0.2% to 170.38.

The European index increased 0.1% to 166.76. The Asian index dropped 1.1% to 195.86. The Latin American index rose 1.7% to 206.80, while the emerging-markets index fell 0.8% to 311.73.

Canaan, based in China, posted the largest decline, tumbling 18% to 75 cents, followed by shares of United Kingdom's Arm Holdings, which tumbled 17% to $87.19. Shares of China-based TuanChe tumbled 12% to $1.65.

China's Adlai Nortye was the biggest leader during the session, surging 16% to $12.40, and Brazil-based Companhia Brasileira de Distribuicao Grupo Pao de Acucar surged 13% to 50 cents. Eco Wave Power Global, which is based in Sweden, rounded out the top three leaders on Friday, with shares surging 13% to $4.10.

Data source: Dow Jones Market Data, FactSet.

(END) Dow Jones Newswires

April 19, 2024 16:49 ET (20:49 GMT)

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

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