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

European equities traded in the US as American depositary receipts fell sharply late Wednesday morning, dropping 1.35% to 1,820.75 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by internet browser company Opera (OPRA) and accommodations booking site trivago (TRVG), which rose 4.1% and 0.7% respectively. They were followed by software firm SAP (SAP) and internet advertising firm Criteo (CRTO), which were up 0.6% and 0.3% respectively.

The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and pharmaceutical company Ascendis Pharma (ASND), which fell 4% and 3.8% respectively. They were followed by biotech firm Evaxion (EVAX) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which were down 3.7% and 3.4% respectively.

From the UK and Ireland, the gainers were led by insurance firm Prudential (PUK) and alcoholic beverage company Diageo (DEO), which advanced 1.4% and 0.9%, respectively. They were followed by educational publisher Pearson (PSO), which increased 0.7%.

The decliners from the UK and Ireland were led by biopharmaceutical companies Bicycle Therapeutics (BCYC) and Biodexa Pharmaceuticals (BDRX), which dropped 5.1% and 4.8% respectively. They were followed by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Mereo BioPharma Group (MREO), which lost 2.6% and 2% respectively.