ADRs Close Lower; Sound Group Inc. Declines 29%

Dow Jones
05-01

This article was automatically generated by Dow Jones using technology from Automated Insights.

International stocks trading in New York closed lower on Wednesday, as the S&P/BNY Mellon index of American depositary receipts dropped 0.1% to 187.35.

The European index declined 0.3% to 175.68. The Asian index gained 0.2% to 233.16. The Latin American index dropped 0.8% to 193.16, while the emerging-markets index added 0.6% to 372.19.

Sound Group Inc., based in China, posted the largest decline, cratering 29% to $1.53, followed by shares of United Kingdom's Argo Blockchain PLC, which tumbled 16% to 37 cents. Shares of Hong Kong-based Yunji Inc. plunged 15% to $1.45.

China's AIFU Inc. was the biggest leader during the session, rocketing 21% to 14 cents, and China-based CNFinance Holdings Ltd. jumped 19% to 76 cents. XIAO-I Corp., which is based in China, rounded out the top three leaders on Wednesday, with shares jumping 17% to $3.64.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

April 30, 2025 16:31 ET (20:31 GMT)

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