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ADRs End Lower, Best and NaaS Technology Trade Actively

By Denny Jacob


International stocks trading in New York closed lower Wednesday.

The S&P/BNY Mellon index of American depositary receipts retreated 0.4% to 152.98. The European index edged down 0.2% to 148.23. The Asian index lost 0.5% to 175.84. The Latin American index shed 1.6% to 203.68, while the emerging-markets index sank 1.3% to 293.21.

Best Inc. was among those whose ADRs traded actively.

The supply-chain services company rose 7.5% on news it integrated artificial intelligence chatbot ChatGPT into its Qianyi ERP software, which it said allows cross-border sellers to generate multi-language product titles and descriptions using AI.

NaaS Technology moved up 7.4% after the electric vehicle charging service company said it reduced carbon emissions by about 1.8 million tons in 2022, more than double from 896,000 tons in 2021.


Write to Denny Jacob at [email protected]


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