ADRs Close Lower; XCHG Ltd. Declines 91%

Dow Jones12-19

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

International stocks trading in New York closed lower on Wednesday, as the S&P/BNY Mellon index of American depositary receipts declined 2.4% to 178.59.

The European index declined 2.4% to 163.94. The Asian index dropped 2.3% to 230.34. The Latin American index dropped 4.8% to 174.08, while the emerging-markets index fell 2.6% to 373.49.

XCHG Ltd., based in China, posted the largest decline, cratering 91% to $2.15, followed by shares of China's XChange TEC.INC, which plummeted 52% to 75 cents. Shares of China-based Akso Health Group plummeted 25% to $1.38.

Hong Kong's uCloudlink Group Inc. was the biggest leader during the session, rocketing 99% to $2.90, and Hong Kong-based Graphex Group Ltd. soared 46% to 28 cents. Foresight Autonomous Holdings Ltd., which is based in Israel, rounded out the top three leaders on Wednesday, with shares rocketing 45% to 92 cents.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 18, 2024 16:31 ET (21:31 GMT)

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

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