Mobile TeleSystems OJSC (
) fell as American depositary receipts of Russian companies
declined on heightened global political tensions after a Malaysian
jetliner was destroyed by a missile over Ukraine.
Germany's central bank said the geopolitical tensions hurt the
country's factory output in Q2.
European ADRs declined by 0.5% on average as measured by the
Bank of New York Mellon Europe ADR Index, compared with a 0.4%
slide for the S&P 500 Stock Index. European ADR decliners led
advancers 77 to 39.
Mobile Telesystems, which operates a mobile network in Russia,
fell 6% to a two-month low of $17.86 per ADR as countries weighed
responses to Russia following the Malaysian airliner disaster.
Qiwi Plc (
), which operates an electronic payment system in Russia, fell 5.2%
to $38.14 per ADR.
European ADR decliners included Celsus Therapeutics Plc (
) -6.5%, Sequans Communications SA (
) -4.3% and National Bank of Greece (
Portugal Telecom SGPS SA (PT) jumped 6% to $2.47 per ADR to lead
gains among American depositary receipts of European companies
after agreeing with Vodafone Group (VOD) to develop an expanded
fiber network in Portugal.
Materialise NV (MTLS) gained 2.4% to $12.76 per ADR after
analysts at Credit Suisse initiated coverage of the Belgian 3D
printing company with an outperform rating.
ASML Holdings NV (ASML) rose 2% to $87.58 per ADR after analysts
at Pacific Crest upgraded their rating on the Dutch maker of
semiconductor equipment to an outperform rating from sector
European ADR gainers included Italian furniture maker Natuzzi
SPA (NTZ) +1.7% and Ireland's Trinity Biotech Plc (TRIB) +1.1%.