The Standard & Poor’s/Bank of New York Mellon run on American depositary receipts rose 0.1% to 171.48. The European index closed at 144.14, down 0.6%. The Asian index rose 0.5% to 242.67, but the Latin American index fell 0.4% to 225.01. The emerging market ADR index rose 0.7% to close at 424.29.
Cruise ship operator Carnival PLC’s ADR fell 3.7% on the day, due to weakness in the stocks of other travel-related companies, due to concerns about coronavirus restrictions in Europe and concerns about the spread of Delta variants. At the same time, Carnival said on Monday that it may sell up to $500 million in stock. When the common stock of a British listed entity is traded at a price lower than the common stock of the Carnival Company, the funds raised from the potential stock sale will be used to purchase the shares of the Carnival Company. Carnival will restart cruise operations in the United States in July.
JinkoSolar’s American Depositary Receipts surged by nearly 23% on Monday. The China-based solar module manufacturer said on Monday that it had submitted an application for a potential public sale on the Shanghai Stock Exchange to its main operating department. The proceeds will be used to build R&D facilities and production lines in Haining and used as additional working capital.
Weilai’s stock rose nearly 10% on Monday. Compared with Friday, the volume of call options on Monday rose by nearly 200%, which may be the biggest reason.
The Dow Jones News Agency is a source of financial and business news that affects the market. It is used by wealth management institutions, institutional investors, and financial technology platforms around the world to identify trading and investment opportunities, strengthen the relationship between advisors and customers, and build the investor experience. Learn more.