ADRs End Mostly Lower

By Austen Hufford Features Dow Jones Newswires

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

Continue Reading Below

Nokia Corp. (NOK) and Anheuser-Busch Inbev NV (BUD) were among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.4% to 148.55. The European index decreased 0.5% to 137.88, the Latin American index fell 1.8% to 248.98 and the emerging markets index declined 0.9% to 319.04. The Asian index increased 0.2% to 174.17.

ADRs of Nokia plunged 21% to $4.76 after it reported a wider third-quarter net loss and warned of a tough 2018 as it battles fierce Chinese competition and an industry-wide spending slump.

ADRs of STMicroelectronics NV (STM) jumped 10% to $23.08 after strong third-quarter results beat expectations, with its imaging division being a surprising standout.

ADRs of Anheuser-Busch InBev fell 1% to $120.41 as sales of Bud Light and Budweiser continue to lose fizz faster than the world's biggest brewer can slash costs.

Continue Reading Below

Write to Austen Hufford at

(END) Dow Jones Newswires

October 26, 2017 19:38 ET (23:38 GMT)