ADRs End Lower; Chinese, Commodities Firms Decline
August 24 2015 - 5:37PM
Dow Jones News
International stocks trading in New York closed lower on
Monday.
The BNY Mellon index of American depositary receipts fell 3.9%
to 126.08. The European index decreased 3.4% to 128.38, the Asian
index dropped 5.1% to 127.65, the Latin American index fell 4.3% to
162.19 and the emerging markets index declined 4.8% to 204.51.
Chinese firms and commodities producers were among the companies
with ADRs that traded actively.
Global stocks and commodity prices tumbled in volatile markets
on Monday following last week's a sharp selloff of Chinese shares.
Some of the world's biggest natural-resources companies hit
multiyear lows Monday, outpacing a broader market rout sparked by
concerns over a slowing economy in China.
Among Chinese companies with ADRs, VisionChina Media Inc. (VISN)
slid 18% to $8.12, search-engine company Baidu Inc. (BIDU, K3SD.SG)
fell 7.7% to $141.08, social media platform Weibo Corp. (WB)
tumbled 20.48% to $9.67, Sinopec Shanghai Petrochemical Co. (SHI,
0338.HK, 600688.SH, K3DD.SG) dropped 13% to $30.66, cosmetics
retailer Jumei International Holding Ltd. (JMEI) plunged 16% to
$9.91, e-commerce platform Wowo Ltd. (WOWO) skidded 16% to
$5.90.
The biggest decliners also included ADRs of mining and metals
producers. BHP Billiton Ltd. (BHP, BHP.AU) fell 7.2% to $32.18 and
BHP Billiton PLC (BBL, BLT.LN) dropped 7.6% to $30.50. Rio Tinto
PLC (RIO, RIO.LN, RIO.AU) decreased 5.1% to $34.14. Vale SA (VALE,
VALE3.BR, VALE5.BR, VALE5.FR) fell 8.8% to $4.33. Aluminum Corp. of
China Ltd. (ACH, K3HD.SG) tumbled 7.2% to $7.72.
Among major oil companies, BP PLC (BP, BP.LN) retreated nearly
6% to $31.19, Eni SpA (E, ENI.MI) dropped 4.4% to $30.70, Royal
Dutch Shell PLC (RDSA, RDSA.LN) declined 5.2% to $49.73 and Total
SA (TOT, FP.FR) decreased 4.9% to $43.77.
Among steelmakers, ArcelorMittal (MT, MT.FR, MT.AE) dropped 7.3%
to $7.66, Companhia Siderurgica Nacional (SID, CSNA3.BR) slid 9.9%
to 77 cents and Gerdau SA (GGB, GGBR3.BR, GGBR4.BR) skidded 10% to
$1.33.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 24, 2015 17:22 ET (21:22 GMT)
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