ADRs End Mostly Lower, Infineon and Roche Trade Actively

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 [e-mail]

(END) Dow Jones Newswires

November 14, 2022 18:09 ET (23:09 GMT)

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