ADRs Close Mostly Higher; Nano Dimension, Orange Trade Actively

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International stock trading in New York closed mostly up on Wednesday.

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The S&P/BNY Mellon Index for US Depository Receipts fell 0.2% to 161.10. The European index fell 0.4% to 143.30.

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Meanwhile, the Asian index rose 0.1% to 216.91. The Latin American index rose 0.7% to 175.75. At the same time, the Emerging Market Index rose 0.3% to 356.64.

Nano Dimensions Ltd and Orange were among those whose ADRs were actively traded.

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The Ant Group company has begun clarifying to customers whether they are borrowing from external lenders or from the company itself, as Jack Ma’s financial-technology giant is falling under Chinese regulations. Ant, which is 33% owned by Alibaba Group Holding Ltd, has been forced to reform its businesses in accordance with directives set by regulators including the People’s Bank of China. As part of the overhaul, Ant founded a new consumer-finance company in June, along with several other companies, and began to fold the credit business into the new entity. Alibaba’s ADR closed up 2% at $136.52.

The company said on Wednesday that Orange’s board has accepted the resignation of Stephen Richard as chairman and chief executive officer and plans to put in place a new governance structure by January 31. A French court has convicted Mr Richard for his role in a long-running fraud case, sentenced him to one year in suspended prison and fined him EUR50,000 ($56,243). The ADR closed down 1% at $11.09.

Nano Dimensions Ltd.’s ADR closed 10% higher at $5.10 after the manufactured electronics and printed electronics company reported a narrower third-quarter loss driven by increased revenue.

-- WSJ Staff

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