ADRs Close Lower; Cango Inc. Declines 28%

Dow Jones12-20

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

International stocks trading in New York closed lower on Thursday, as the S&P/BNY Mellon index of American depositary receipts declined 0.2% to 178.18.

The European index dropped 0.4% to 163.37. The Asian index declined 0.2% to 230.00. The Latin American index increased 0.5% to 174.94, while the emerging-markets index declined 0.1% to 373.17.

Cango Inc., based in China, posted the largest decline, cratering 28% to $5.76, followed by shares of Hong Kong's uCloudlink Group Inc., which cratered 28% to $2.10. Shares of Switzerland-based WISeKey International Holding Ltd. cratered 22% to $6.00.

China's XChange TEC.INC was the biggest leader during the session, soaring 72% to $1.30, and Australia-based Mesoblast Ltd. soared 37% to $16.76. Lixiang Education Holding Co. Ltd., which is based in China, rounded out the top three leaders on Thursday, with shares jumping 19% to $4.06.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 19, 2024 16:31 ET (21:31 GMT)

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

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