European ADRs Move Lower in Tuesday Trading

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American depositary receipts of European stocks were trading 0.20% lower at 138.02 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and ASML ( ASML ), a manufacturer of chip-making equipment, which rose 4.4% and 2.7% respectively. They were followed by genome engineering firm Cellectis ( CLLS ), and biotech company argenx ( ARGX ), which were up 2.2% and 1.9%.

The decliners in continental Europe were led by financial services firms Credit Suisse ( CS ) and ING Groep (ING), and Deutsche Bank (DB), each of which were down 2%, followed by bank Banco Santander (SAN), which was off 1.8%.

In the UK and Ireland, the gainers were led by biopharmaceutical firm Akari Therapeutics (AKTX), and gene therapy company Nightstar (NITE), which climbed 2.7% and 2.1% respectively. They were followed by mining company Rio Tinto (RIO), and pharmaceutical company Avadel (AVDL), which were up 1.2% and 1.0%.

The decliners in the UK and Ireland were led by Motif Bio (MTFB), and cruise line operator Carnival (CUK), which shed 7.7% and 4.8% respectively. They were followed by communications group WPP (WPP), and Royal Bank of Scotland (RBS), which dropped 3.2% and 2.7%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: STM , ASML , CLLS , ARGX , CS

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