By Kathryn Hardison
International stocks trading in New York closed lower Wednesday.
The S&P/BNY Mellon index of American depositary receipts fell 0.6% to 153.23. The European index declined 0.7% to 146.28, the Asian index dropped 0.5% to 181.70, the Latin American index declined 1% to 193.95 and the emerging markets index fell 0.8% to 305.01.
Deutsche Lufthansa AG and Bayer AG were among the companies with ADRs that traded actively.
ADRs of Deutsche Lufthansa increased 4.9% after the German carrier submitted an offer to the Italian government to secure a stake in ITA Airways.
ADRs of Bayer declined 1.6% after the pharmaceutical and biotechnology company said it agreed to acquire Blackford Analysis Ltd., a British developer of artificial intelligence imaging software. The move is expected to boost its radiology business.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
01-18-23 1706ET
