ADRs End Mostly Lower, Infineon and Roche Trade Actively
November 14 2022 - 6:24PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed mostly lower on
Monday.
The S&P/BNY Mellon index of American depositary receipts
fell 0.2% to 135.22. The European index decreased 0.2% to 131.43,
the Asian index fell 0.2% to 152.90, the Latin American index rose
0.5% to 188.64 and the emerging markets index decreased 0.1% to
260.85.
Infineon Technologies AG and Roche Holding AG were among the
companies with ADRs that traded actively.
ADRs of Infineon Technologies rose 5% after the chipmaker said
Monday that it had signed a nonbinding agreement with car maker
Stellantis NV on the supply of semiconductors for electric
vehicles. This marks the first step toward a potential multi-year
supply of silicon-carbide chips, Infineon said, which are widely
used in the industrial and automotive industries.
ADRs of Roche Holding fell 4.6% after the company said that
phase three graduate studies of gantenerumab, for treatment of
early Alzheimer's disease, failed to meet its primary
endpoints.
ADRs of AstraZeneca PLC rose 1.8% after the company said Enhertu
has been recommended for approval in the European Union for
patients with gastric cancer.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
November 14, 2022 18:09 ET (23:09 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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