ADR Report: Wall Street Trades Down on European Worries
Monday, October 17, 2021 10:11 PM

U.S. stocks trades down on Friday, pulling back from sharp gains in the prior session as investors sentiment was jolted by fears there is no imminent solution for the European debt crisis.

The Bank of New York Index for American Depository Receipts’ (ADR) was trading down 1.49 percent, or 1.83 points, to 121.26 on Monday, with China-based hydroelectric power company , China Hydroelectric Corp. (NYSE:CHC) being the biggest gainer in the index.

China Hydroelectric was trading higher by 2.44 percent to $1.68 on Monday. Among the biggest decliners was China-based entertainment company Xinhua Sports & Entertainment Limited, trading lower by 68.75 percent to $0.03 an ADR today.

The European Index for ADR’s was trading lower by 1.84 points, or 1.61 percent, to $112.65 today.

Among the gainers in the European ADR’s were Denmark-based shipping company TORM A/S (Nasdaq:TRMD), trading higher by 2.29 percent to $1.34, and Germany-based meter and utility company, Elster Group SE ADR (NYSE: ELT), trading higher by 1.12 percent to $15.38 an ADR on Monday. Among the decliners were Greece-based financial institution National Bank of Greece SA (NYSE: NBG), trading lower by 9.54 percent to $0.55 an ADR, and France-based communications equipment maker Alcatel-Lucent Common Stock (NYSE: ALU), trading lower by 7.12 percent to $2.87 an ADR.

The Asian ADR index was trading lower by 0.76 percent, or 0.91 points, to 119.93 on Monday.

Among the biggest gaining ADR’s are China-based entertainment company Shanda Interactive Entertainment (Nasdaq: SNDA),trading higher by 17.80 percent to $39.44, and China-based financial software company LONGTOP FINL TEC ADS, trading higher by 32.93 percent to $0.22. Among the decliners are China-based entertainment company XINHUA SPORTS, trading lower by 68.75 percent to $0.03 an ADR, and China-based photovaltic cell maker company Yingli Green Energy Holding Com (NYSE: YGE), trading lower by 7.95 percent to $3.59 an ADR.

The Latin American Index was down 3.00 percent, or 10.13 points to 327.38 today.

Among the gainers were, Brazil-based electricity company Comp En De Mn Cemig ADS America (NYSE: CIG-C), up 5.07 percent to $12.43 an ADR, and Colombia-based oil and gas company Ecopetrol S.A. American Deposit (NYSE: EC ), up 0.95 percent to $42.47 an ADR. Among the decliners were, Mexico-based cement manufacturer Cemex, S.A.B. de C.V. Sponsored (NYSE: CX),down 9.81 percent to $3.38 an ADR, and Brazil-based metal company VALE S.A. American Depositary (NYSE: VALE), trading lower by 4.77 percent to $23.66 an ADR on Monday.