ADRs End Mostly Lower; Chemomab Therapeutics, Polestar Automotive Trade Actively
June 21 2023 - 6:33PM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed mostly lower on
Wednesday.
The S&P/BNY Mellon index of American depositary receipts
ticked down 0.2% to 154.71. The European index edged down 0.1% to
149.68. The Asian index retreated 0.7% to 177.25. The Latin
American index moved up 1.2% to 211.62, while the emerging-markets
index sank 0.7% to 297.75.
Chemomab Therapeutics was among those whose ADRs traded
actively.
The clinical stage biotechnology company tumbled 13% despite
data from a Phase 2a trial assessing CM-101 showing improvements
across an additional set of inflammatory and fibrotic biomarkers,
consistent with clinical results released in January.
Polestar Automotive Holding UK shed 7.7% following news earlier
in the week that its subsidiary is entering into a strategic joint
venture for the China market with technology company Xingji Meizu
Group.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 21, 2023 18:18 ET (22:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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