ADRs End Lower

By Imani Moise Features Dow Jones Newswires

International stocks trading in New York closed mostly lower on Wednesday.

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Diageo PLC (DEO) and GlaxoSmithKline PLC (GSK) were among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.2% to 148.88. The European index decreased 0.2% to 138.47, the Asian index dropped 0.3% to 172.36, and the emerging markets index declined 0.4% to 324.01. The Latin American Index was the only indicator that rose, growing 0.4% to 259.28.

ADRs of Luxembourg-based steel maker ArcelorMittal SA (MT) fell 0.2% to $26.85 after Thyssenkrupp AG (TKA.XE) and Tata Steel Ltd (500470.BY) laid out plans to combine their European steel activities in a move that would create the region's second-largest steel producer.

ADRs of GlaxoSmithKline rose 0.7% to $40.18 after the drug company reported positive results in a late stage trial of Trelegy Ellipta, a triple-therapy inhaler for patients with chronic obstructive pulmonary disease.

ADRs of Diageo fell 2.8% to $131.71 after the drinks company, which houses Johnnie Walker, Crown Royal, J&B, Buchanan's and Smirnoff, said that it expects organic sales growth to be hit by the later timing of Chinese New Year.

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ADRs of CEMEX SAB (CX) rose 2.3% to $9.34 after being upgraded by Standard & Poor's.

Write to Imani Moise at imani.moise@wsj.com

(END) Dow Jones Newswires

September 20, 2017 17:24 ET (21:24 GMT)