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European ADRs Move Lower in Tuesday Trading


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American depositary receipts of European stocks were trading 1.26% lower at 134.64 on the Bank of New York Mellon Europe ADR Index on Tuesday.

In continental Europe, the gainers were led by asset management firm Aegon ( AEG ), and pharmaceutical company Ascendis Pharma ( ASND ), which rose 2.1% and 1.2% respectively. They were followed by pharmaceutical company Oasmia Pharmaceutical ( OASM ), and biopharmaceutical firm Biofrontera ( BFRA ), which were up 0.9% and 0.7%.

The decliners in continental Europe were led by semiconductor companies STMicroelectronics ( STM ), Sequans Communications (SQNS), which fell 5.4% and 4.8% respectively. They were followed by genome engineering company Cellectis (CLLS), and ASML (ASML), a manufacturer of chip-making equipment, which shed 4.5% and 4.1%.

In the UK and Ireland, the only gainers was consumer goods company British American Tobacco (BTI), which rose 0.7%.

The decliners in the UK and Ireland were led by mining company Rio Tinto (RIO), and gene therapy company Nightstar (NITE), which lost 4.7% and 4.6% respectively. They were followed by mining company BHP Billiton (BBL), and publishing company Pearson (PSO), which were off 4.0% and 2.8%.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Stocks
Referenced Symbols: AEG , ASND , OASM , BFRA , STM



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