ADR Shares End Mostly Lower; Infineon, Airbus Trade Actively
June 17 2019 - 6:16PM
Dow Jones News
By Patrick Thomas and Dave Sebastian
International stocks trading in New York closed mostly lower on
Monday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.13% to 137.35. The European index was down 0.24% to 128.85,
the Asian index increased 0.13% to 156.75, the Latin American index
declined 0.41% to 237.02 and the emerging markets index ticked down
0.03% to 291.31.
Infineon Technologies AG (IFNNY) and Airbus SE (EADSY) were
among those ADRs that traded most actively.
Shares of Infineon Technologies declined 3.8% to $15.49 Monday.
The German semiconductor said Monday it approved a capital increase
to raise about 1.5 billion euros ($1.68 billion) in gross proceeds,
which it plans to use to help fund its recent takeover of Cypress
Semiconductor Corp. (CY). The company said the the capital increase
will be conducted through an accelerated bookbuilding. Infineon
said earlier this month that it will acquire Cypress Semiconductor
for EUR8.4 billion.
Shares of Airbus (EADSY) improved 2.4% to $35.09 after it said
on Monday that it plans to develop its longest-range single-aisle
plane yet. Airbus said the A321XLR, an upgrade to its popular
A321neo narrow-body plane, is expected to enter service in 2023.
The company said the plane is being designed to fly 4,700 nautical
miles and connect cities such as Barcelona and Chicago.
Deutsche Lufthansa AG (DLAKY) shares declined more than 11% to
$17.59 Monday after the German carrier issued a profit warning for
its fiscal year outlook. Lufthansa said Sunday that its 2019 margin
on its adjusted earnings before interest and taxes will be between
5.5% and 6.5%.
Shares of Ryanair Holdings PLC (RYAAY) also slid about 4% to
$62.45 Monday.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
June 17, 2019 18:01 ET (22:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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