European Equities Traded in the US as American Depositary Receipts Fall in Thursday Trading

European equities traded in the US as American depositary receipts were falling significantly lower late Thursday morning, dropping 1.4% to 1,347.70 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and semiconductor company Sequans Communications (SQNS), which rose 3.8% and 2.6% respectively. They were followed by financial services company Banco Santander (SAN) and internet advertising firm Criteo (CRTO), which were up 2.1% and 2% respectively.

The decliners from continental Europe were led by biotech firm Evaxion Biotech (EVAX) and brewing company Anheuser-Busch InBev (BUD), which lost 12% and 5.8% respectively. They were followed by 3D printer company Materialise (MTLS) and petroleum refiner Equinor (EQNR), which dropped 3.1% and 2.7% respectively.

From the UK and Ireland, the gainers were led by oil and gas company Shell (SHEL) and Adaptimmune Therapeutics (ADAP), which increased 1.7% and 0.9% respectively. They were followed by tobacco company British American Tobacco (BTI) and cruise line operator Carnival (CUK), which advanced 0.8% and 0.6% respectively.

The decliners from the UK and Ireland were led by medical device maker Smith & Nephew (SNN) and biopharmaceutical company TC Biopharm (TCBP), which tumbled 13.3% and 6.8% respectively. They were followed by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Amarin (AMRN), which fell 4% and 2.6% respectively.