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ADR Report: Shares Lower As French Political Uncertainty Weighs

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed sharply lower Monday, in line with the broader market, due to political uncertainty in key euro-zone country France. The Bank of New York index of ADRs fell 1.4% to 124.76 as financial stocks in the euro zone traded downward following Sunday's first-round presidential election in France. Socialist candidate Francois Hollande, who is seen as less committed to fiscal austerity than President Nicolas Sarkozy is, took first place in the contest. The two candidates will face each other in a runoff election on May 6. French banks Credit Agricole SA (CRARY, ACA.FR) tumbled 4.2% to $2.31, and BNP Paribas (BNPQY, BNP.FR) lost 2.9% to $18.78. The European index declined 1.5% to 114.23. BMW AG's (BMW.XE) sales chief Ian Robertson said at a press briefing in Beijing that sales growth in China will ease in coming months, according to Bloomberg News. Daimler AG (DDAIY, DAI.XE) shares slid 3.9% to $52.15. The Asian index shed 1.5% to 124.42, and the emerging markets index slipped 1.4% to 293.10. The U.S. Department of Homeland Security has found "errors in a significant percentage" of Infosys Ltd.'s (INFY, 500209.BY) employment-authorization forms, raising concerns about a potential penalty against the software exporter. The errors could eventually result in fines, the Bangalore-based company said. Shares of Infosys dropped 2.1% to $45.66. Shares of Chinese solar panel makers also tumbled Monday. Maxim Group downgraded its stock-investment rating on First Solar Inc. (FSLR) to sell from hold, saying its competitive advantage is gone as the price of polysilicon has settled at $20 per kilogram or less. Shares of fellow solar panel maker LDK Solar Co. (LDK) also fell, off 8.6% at $2.97. Yingli Green Energy Holding Group (YGE) lost 3.7% to $3.40, and Trina Solar Ltd. (TSL, K3KD.SG) dropped 5.8% to $6.38. The Latin American index ended off 0.9% at 351.70. Companhia Brasileira de Distribuicao (CBD, PCAR4.BR), Brazil's largest supermarket chain by revenue, is in advanced talks to acquire the control of local wholesaler Tenda Atacadao, reported the local newspaper O Estado de S. Paulo in its Monday edition. Shares traded down 3.3% to $46.70. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com

Stock News for Yingli Grn Engy Adr (YGE)
DateTimeHeadline
05/29/201508:02:02This is the Most Dangerous Investment in Solar
05/29/201506:42:00Yingli Green Energy Responds to Class Action Lawsuit
05/29/201506:13:08Specialized Disclosure Report (sd)
05/29/201500:48:00EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities...
05/28/201517:55:00INVESTOR ALERT: Class Action Lawsuit Against Yingli Green Energy...
05/28/201514:43:00Class Action Lawsuit Against Yingli Green Energy Holding Company...
05/21/201507:03:02Another Chinese Solar Giant On the Verge of Collapse
05/20/201520:13:00Investigation of Yingli Green Energy Holding, Co. Announced by...
05/20/201506:11:00Yingli Green Energy to Announce First Quarter 2015 Financial...
05/20/201504:12:00Yingli Green Energy Responds to Media Coverage of Its Ability...
05/20/201500:30:24Formerly Hot Hanergy Plunges 47% in Hong Kong
05/18/201517:00:19Why Shares of Yingli Green Energy (ADR) Plunged 12% Today
05/15/201521:00:00Yingli Green Energy Files Its Annual Report on Form 20-F
05/12/201508:00:00Yingli Green Energy and Borrego Solar Sign 40 MW Supply Agreement...
05/05/201505:54:00Yingli Green Energy Reaches Over 13 GW of Solar Panel Deliveries...
04/30/201514:28:52Zacks Reiterates "Strong Sell" Rating for Yingli Green Energy...
04/30/201508:16:54Notification That Form 20-f Will Be Submitted Late (nt 20-f)
04/30/201505:16:00Yingli Green Energy Filed Extension for 2014 Form 20-F
04/29/201509:32:33Report of Foreign Issuer (6-k)
04/28/201522:59:00Yingli Green Energy Announces Pre-Funding for Full Payment of...

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