By Kimberly Chin

International stocks trading in New York closed lower on Friday.

The S&P/BNY Mellon index of American depositary receipts fell 1.2% to 165.54. The European index tumbled 1% to 140.34. The Asian index fell 1.4% to 232.14. The Latin American index decreased 1.1% to 214.29. And the emerging-markets index declined 1.5% to 400.52.

ADRs of Telefon AB LM Ericsson tumbled 11% on Friday after the cellular-equipment maker said revenue in China dropped sharply in the most recent quarter. It also warned it would likely lose market share there as a consequence of Sweden's decision to ban rival Huawei Technologies Co. from the Scandinavian country's 5G wireless networks.

Trinity Biotech PLC's ADRs rose 6.8% on Friday after the company issued an update on its testing-products pipeline. Trinity said it is at an advanced stage in the development of a SARS-CoV-2 antigen test. The test can be run without any specialised equipment, provides a result in 12 minutes and utilises an anterior nasal swab sample.

Trinity also said it developed a new product, TrinScreen HIV, specifically for the screening market. The company said it has been the main confirmatory test provider for the detection of the HIV virus in Africa for years.

Burberry Group PLC's ADRs, which trade over the counter, fell 5.9% after the British luxury-goods company broadly maintained its full-year guidance and cautioned of some foreign-exchange headwinds. However, the company posted a 26% rise in full-price comparable sales for the 13 weeks ended June 26 compared with the same period a year prior, driven by a 90% rise in retail comparable-store sales compared with last year as it enjoyed a strong recovery from the coronavirus pandemic.

DiDi Global Inc.'s ADRs fell 3.2% after China sent regulators including state security and police officials to Didi's ride-hailing business on Friday as part of a cybersecurity investigation. The country's internet regulator earlier this month ordered Didi to undergo a cybersecurity review over national-security concerns, days after the company raised $4.4 billion in a New York initial public offering.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

07-16-21 1902ET