ADRs End Lower, Credit Suisse, Baidu Trade Actively - News Summed Up

ADRs End Lower, Credit Suisse, Baidu Trade Actively


By Sabela OjeaInternational stocks trading in New York closed lower on Friday. The European index dropped 1.4% to 137.34, the Asian index slipped 0.8% to 165.94, the Latin American index retreated 1.5% to 176.51 and the emerging markets index lost 0.6% to 276.44.Credit Suisse Group AG and Baidu Inc. were among those whose ADRs traded actively. Credit Suisse dropped 6.9% despite receiving a loan from the Swiss National Bank, as troubles in the banking sector continue. Baidu climbed 6.3% after analysts lauded the company's new Ernie Bot, an AI-powered chatbot that represents China's first rival to ChatGPT. Write to Sabela Ojea at sabela.ojea@wsj.com(END) Dow Jones NewswiresMarch 17, 2023 18:15 ET (22:15 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.


Source: Wall Street Journal March 18, 2023 10:28 UTC



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