European ADRs Down Nearly 2% Friday as Mining, Steel Shares Drop

Last Updated: Friday, September 17, 2021 12:34 PM | MT Newswires

American depositary receipts of European stocks were trading 1.7% lower at 1,132.13 on the S&P/BNY Mellon Europe Select ADR Index Friday.

In continental Europe, the gainers were led by biopharmaceutical company Grifols (GRFS) and furniture maker Natuzzi (NTZ), which rose 7.7% and 3.3% respectively. They were followed by 3D printer company Materialise (MTLS) and biopharmaceutical company Biofrontera (BFRA), which increased 2.5% and 2.4%.

The heaviest decliners in continental Europe were vaccine developer BioNTech (BNTX) and steelmaker ArcelorMittal (MT), which fell 4.5% each. Chipmaker STMicroelectronics (STM) and chipmaking equipment supplier ASML Holding (ASML) lost 3.8% and 3.1% respectively.

In the UK and Ireland, the gainers were led by biopharmaceutical company MorphoSys (MOR) and cruise line operator Carnival (CUK), which rose 2.6% and 2% respectively. Bank holding company HSBC Holdings (HSBC) and biopharmaceutical company Verona Pharma (VRNA), were up 1.3% and 0.2%.

The biggest decliners in the UK and Ireland were miners BHP (BBL) and Rio Tinto (RIO), which fell 6% and 4.5% respectively. They were followed by biopharmaceutical company Bicycle Therapeutics (BCYC) and construction materials supplier CRH (CRH), which were down 3.2% and 3.1%.

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