ADRs End Mostly Higher, Nissan Motor and Credit Suisse Trade Actively
February 09 2023 - 5:01PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed mostly higher on
Thursday.
The S&P/BNY Mellon index of American depositary receipts
rose 0.4% to 153.54. The European index increased 0.4% to 146.38,
the Asian index rose 0.8% to 183.91, the Latin American index
dropped 1.9% to 186.52 and the emerging markets index increased
0.6% to 305.91.
Nissan Motor Co. and Credit Suisse Group AG were among the
companies with ADRs that traded actively.
Shares of Nissan increased 2.2% after the Japanese auto maker
said third-quarter net profit rose 55% from a year earlier thanks
to greater earnings in Asia.
Shares of Credit Suisse declined 16% after the lender posted its
fifth-straight quarterly loss after clients pulled billions in
deposits from its wealth-management business. The company also
flagged a further full-year loss in 2023.
Shares of Adidas AG fell 9% after German sporting-goods company
said it could book a major operating loss this year if it writes
off Yeezy stock, with sales also expected to decline.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
February 09, 2023 17:46 ET (22:46 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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