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ADR Declines Rattle International Markets
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Overview
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On April 16, 2024, international stocks trading in New York, including ADRs, declined, with the S&P/BNY Mellon ADR Index falling by 0.9%. Purple Biotech Ltd. from Israel notably dropped by 29%, while Cheetah Mobile Inc. and Alterity Therapeutics Ltd. also experienced significant decreases. Conversely, Lion Group Holding Ltd., Pixie Dust Technologies Inc., and Argo Blockchain PLC showed positive performances.
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How might the decline in ADRs impact investor confidence in international markets?
In what ways could geopolitical events influence the future trajectory of international stock trading?
What factors could have contributed to the contrasting performances of companies like Purple Biotech Ltd. and Argo Blockchain PLC?
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