ADRs End Lower, Ericsson Trades Actively
15 Dezembro 2022 - 8:03PM
Dow Jones News
By Kathryn Hardison
International stocks trading in New York closed lower on
Thursday.
The S&P/BNY Mellon index of American depositary receipts
fell 2.2% to 141.20. The European index decreased 2.1% to 137.78,
the Asian index fell 2.6% to 162.34, the Latin American index
dropped 1.1% to 173.97 and the emerging markets index declined 2.6%
to 271.38.
Ericsson AB and TotalEnergies SE were among the companies with
ADRs that traded actively.
ADRs of Ericsson fell 6.4% after the Swedish
telecommunications-equipment company said its Russian subsidiary
has entered into an agreement to divest its local customer support
business in Russia. Ericsson also said it expects to reach the
lower end of its target for earnings before interest, tax and
amortization margin of 15% to 18% by 2024.
ADRs of TotalEnergies fell 0.5% after the French oil-and-gas
major said it made a final investment decision with Saudi Arabian
Oil Co. for the construction of a petrochemical facility in Saudi
Arabia. TotalEnergies said the project represents an investment of
around $11 billion, of which $4 billion will be funded through
equity by the two companies.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
December 15, 2022 17:48 ET (22:48 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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