ADRs End Lower, Porsche and RWE Trade Actively

By Kathryn Hardison

International stocks trading in New York closed lower Thursday.

The S&P/BNY Mellon index of American depositary receipts fell 1.3% to 120.65. The European index decreased 0.5% to 113.33, the Asian index fell 2.6% to 143.99, the Latin American index dropped 1.3% to 172.48 and the emerging markets index decreased 2.6% to 247.87.

Porsche Automobil Holding SE and RWE AG were among the companies with ADRs that traded actively.

ADRs of Porsche Automobil fell 13% after Porsche AG's shares ended flat following the pricing of its initial public offering Wednesday. Porsche AG's IPO was Europe's largest in over a decade.

ADRs of RWE fell 2.1% after the company said it will restart three power plant units that were previously on standby amid efforts to cut down on the use of natural-gas electricity generation.

ADRs of InterContinental Hotels Group PLC fell 2.9% after the company said it has reactivated its booking website, app and systems following a cybersecurity breach first disclosed on Sept. 6.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

September 29, 2022 17:05 ET (21:05 GMT)

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