ADRs End Lower

By Imani Moise Features Dow Jones Newswires

International stocks trading in New York closed lower on Monday.

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Mergers announcements swung stocks during the trading day. ABB Ltd. (ABB) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 1% to 147.62. The European index decreased 0.6% to 138.20, the Asian index dropped 1.7% to 169.08, the Latin American index fell 1.8% to 254.18 and the emerging markets index declined 2.3% to 315.09.

ADRs in ABB fell 0.3% to $24.65 after the Swiss conglomerate said it would buy General Electric Co.'s (GE) Industrial Solutions unit for $2.6 billion and postpone a previously announced share buyback.

ADRs in Unilever edged up 0.1% to $57.50 after the consumer-goods maker said it reached an agreement to acquire skincare business Carver Korea for 2.27 billion euros ($2.7 billion) from Bain Capital Private Equity and Goldman Sachs Group Inc. (GS).

ADRs in Alibaba Group Holding Ltd. (BABA) tumbled 4.8% to $169.59 after Chinese regulators said they hit operators of three of the country's biggest social-media platforms with the maximum fine allowable under a new cybersecurity law for hosting fake news, pornography and other forms of banned content.

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ADRs of BRF SA (BRFS) fell 3.6% to $14.42 after being downgraded to BBB-, just one rung above junk status, by Fitch Ratings.

Write to Imani Moise at

(END) Dow Jones Newswires

September 25, 2017 17:57 ET (21:57 GMT)