By Will FeuerAmerican depositary receipts tied to shares of JOYY fell after Baidu called off its $3.6 billion deal to buy JOYY's live-streaming business in China. JOYY's Nasdaq-listed ADRs fell nearly 12% to $35.13 in premarket trading. Over the past 12 months, the ADRs were up about 26% through the end of trading on Friday.

Source: Wall Street Journal January 02, 2024 12:05 UTC