ADRs End Lower

By FeaturesDow Jones Newswires

International stocks trading in New York closed lower on Monday.

Deutsche Bank AG (DB) was among the companies with ADRs that traded actively.

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The BNY Mellon index of American depositary receipts fell 1.1% to 164.71. The European index decreased 1% to 150.83. The Asian index dropped 1% to 197. The Latin American index fell 2% to 281.67 and the emerging markets index decreased 1.5% to 363.26.

ADRs of Deutsche Bank fell 2.1% to $19.10 after The Wall Street Journal reported a senior banker with close ties to SoftBank Group Corp. is leaving to go to Bank of America Corp.

ADRs of Sanofi SA (SNY) dropped 1% to $45.32 after the company said it would buy French biopharmaceutical company Ablynx NV for about 3.9 billion euros ($4.85 billion).

ADRs of Ltd. (CYOU) tumbled 8.9% to $30.13 after the Chinese company braced investors for a larger-than-expected revenue decline for the current quarter and missed views in the fourth quarter.

ADRs of Diageo PLC (DEO) fell 2.2% to $141.85 after being cut to sector perform from outperform by RBC Capital.

Write to Imani Moise at

(END) Dow Jones Newswires

January 29, 2018 17:15 ET (22:15 GMT)