ADR Shares End Lower, Siemens and Volkswagen Trade Actively
February 08 2023 - 7:33PM
Dow Jones News
By Sabela Ojea
International stocks trading in New York closed mostly lower on
Wednesday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.2% to 152.89. The European index declined 0.1% to 145.77,
the Asian index dropped 0.5% to 182.44, while the Latin American
index increased 1.1% to 190.05. The emerging markets index fell
0.2% to 304.18.
ADRs of Siemens AG rose 3.5% after the German electronics and
mobility firm said it is raising its outlook for the current fiscal
year on the back of strong revenue and orders.
ADRs of Volkswagen AG fell 0.4% after the German car maker said
2022 free cash flow missed expectations due to supply-chain snags
that led to higher unsold inventory at the year-end.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
February 08, 2023 19:18 ET (00:18 GMT)
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