ADRs End Higher, Nano Labs and ABB Trade Actively
29 September 2022 - 12:56AM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed higher on
Wednesday.
The S&P/BNY Mellon index of American depositary receipts
edged up 1.8% to 122.27. The European index gained 2.2% to 113.95.
The Asian index moved up 1.3% to 147.79. The Latin American index
ticked up 1.2% to 174.76, while the emerging-markets index advanced
1.1% to 254.56.
Nano Labs Ltd. was among those whose ADRs traded actively.
The fabless integrated-circuit design company sank 34% after it
said it was selling more than 2.08 million American depositary
shares to raise $5 million in a public offering.
Swiss technology company ABB Ltd. rose 3.3% after it said it is
investing $13 million in its Installation Products Division
Iberville manufacturing facility in Saint-Jean-sur-Richelieu,
Quebec, its second multimillion dollar investment in a Canadian
site in the last 12 months.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 28, 2022 18:41 ET (22:41 GMT)
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