ADRs End Lower, Deutsche Lufthansa and Bayer Trade Actively
January 18 2023 - 5:21PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed lower
Wednesday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.6% to 153.23. The European index declined 0.7% to 146.28,
the Asian index dropped 0.5% to 181.70, the Latin American index
declined 1% to 193.95 and the emerging markets index fell 0.8% to
305.01.
Deutsche Lufthansa AG and Bayer AG were among the companies with
ADRs that traded actively.
ADRs of Deutsche Lufthansa increased 4.9% after the German
carrier submitted an offer to the Italian government to secure a
stake in ITA Airways.
ADRs of Bayer declined 1.6% after the pharmaceutical and
biotechnology company said it agreed to acquire Blackford Analysis
Ltd., a British developer of artificial intelligence imaging
software. The move is expected to boost its radiology business.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
January 18, 2023 17:06 ET (22:06 GMT)
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