An ADR is buying a share of a foreign company from a US bank. You don't hold a "real" share where the company is actually listed, but a kind of surrogate on a local exchange.
Traders like ADRs because they have higher volume. Look at the daily volume of trades, there is more liquidity.
Huh, figured you'd need an ADR for them.
there is also a BYD ADR: https://finance.yahoo.com/quote/BYDDY/
I do not know the difference between the ADR and the other one. anyone who does, enlighten us
An ADR is buying a share of a foreign company from a US bank. You don't hold a "real" share where the company is actually listed, but a kind of surrogate on a local exchange.
Traders like ADRs because they have higher volume. Look at the daily volume of trades, there is more liquidity.