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Boulet-- let me preface this by stating that I'm "shooting from the hip", in other words, I'm making inferences and deductions from the limited knowledge I have in these matters. I'm sure there are more knowledgable Fools that can give you a definitive answer. To my knowledge, there are no direct ties between the major stock exchanges around the world, although they do have a tendency to react similarly to major events, and appear to influence one another regularly. The stock of L. M. Ericsson trades on the Stockholm Exchange; in the U.S., Ericsson's ADR's trade on the NASDAQ. I would assume that the value of the ADR's is ultimately derived from the value of the underlying stock, although at times, I imagine the tail will wag the dog, so to speak. If this is true, then a $3.00 increase in the value of the stock should increase the value of the ADR's proportionally. I welcome comments, confirmation, and/or correction from anyone more knowledgable than myself. Thanks, bongo22
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