Asian ADRs Move Higher in Friday Trading

Asian ADRs Move Higher in Friday Trading

American depository receipts of Asian stocks were trading 0.88% higher at 175.57 on the Bank of New York Mellon Asia ADR Index on Friday. In North Asia, the gainers were led by consumer lending company China Rapid Finance (XRF), and semiconductor company Semiconductor Manufacturing International (SMI), which rose 7.8% and 7.2% respectively. They were followed by Baozun (BZUN), a brand e-commerce solutions company, higher 4.8%, and Autohome (ATHM), a website […]

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Wall Street Leans Back Pre-Bell; Futures Red

Wall Street Leans Back Pre-Bell; Futures Red

Wall Street pre-bell Thursday is leaning back, with U.S. stock index futures pointing to an opening off perhaps 0.10% from Wednesday’s close, although the tech-heavy Nasdaq may open evenly. European bourses are mixed though London is up, while Asian exchanges closed solidly higher, led by Seoul which hit fresh all-time highs on the Kospi index. Nafta talks continue. European Central Bank President Mario Draghi is slated for a panel about […]

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AcelRx Shares Plunge 51% Pre-Bell After FDA Says Cannot Approve Dsuvia Application in Present Form

AcelRx Shares Plunge 51% Pre-Bell After FDA Says Cannot Approve Dsuvia Application in Present Form

AcelRx Pharmaceuticals (ACRX) shares were down over 51% in recent pre-market trade after the company said it received a complete response letter (CRL) from the U.S. Food and Drug Administration in which the regulator said it cannot approve the new drug application (NDA) for Dsuvia in its present form. The FDA provided recommendations needed for resubmission, AcelRx said. Dsuvia is a synthetic opioid analgesic indicated for the treatment of patients […]

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