ADRs End Lower; BP, Credit Suisse Group Trade Actively
Posted On June 13, 2022
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By Denny Jacob
International stocks trading in New York closed lower on Monday.
The S&P/BNY Mellon index of American depositary receipts declined 3.8% to 137.59. The European index lost 3.3% to 129.23. The Asian index slipped 4.5% to 165.28. The Latin American index dived 4.4% to 187.87, while the emerging-markets index sank 5.2% to 280.60.
BP PLC was among those whose ADRs traded actively.
The London-based oil and gas company retreated 3.8% after it said it is selling its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Cenovus Energy Inc.
Credit Suisse Group AG fell 3.7% after the U.K.’s Financial Conduct Authority has placed the bank on a watchlist of entities that need closer supervision, the Financial Times reported, citing a letter sent in May.
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(END) Dow Jones Newswires
June 13, 2022 17:53 ET (21:53 GMT)
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