Qiwi Plc (
) led declines among American depositary receipts of European
companies on Monday as the region's markets slid on concerns about
rising tension in Iraq.
The Bank of New York Mellon Europe ADR Index fell 0.15%,
compared with a flat reading for the S&P 500 Stock Index.
Decliners led advancers 61 to 48.
Qiwi fell 5.3% to $41.95 per ADR, continuing a slide after the
provider of payment services in Russia reached a three-month high
of $47.84 after a regulatory filing to sell more stock.
Smith & Nephew Plc. (
) was flat at $91.41 per ADR, recovering from earlier losses after
Medtronic Inc. (
), a rival maker of medical devices, announced plans to buy
Covidien Plc (
) for about $43 billion.
ADR decliners included Criteo Sa (
) -4.5%, CGG (CGG) -3.6%, Telecom Italia Spa (TI) -3.5% and Mechel
Oao (MTL) -3.4%.
ADR gainers included Sequans Communications Sa (SQNS) +3%,
Voxeljet Ag (VJET) +2.5%, Novo Nordisk As (NVO) +1.7% and Randgold
Resources Ltd. (GOLD) +1.5%.
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