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International stocks trading in New York closed lower on Tuesday as the S&P/BNY Mellon index of American depositary receipts dropped 0.5% to 158.70.

The European index declined 0.2% to 154.74. The Asian index fell 1.0% to 180.97. The Latin American index fell 0.9% to 211.16, while the emerging-markets index declined 0.9% to 295.60.

Connect Biopharma Holdings Ltd., based in China, posted the largest decline, plummeting 38.8% to $1.26, followed by shares of Germany's MorphoSys AG, which fell 22.4% to $4.55. Shares of South Africa-based Sibanye-Stillwater Ltd. tumbled 17.9% to $4.27.

China's Ambow Education Holding Ltd. was the biggest leader during the session, soaring 33.5% to 20 cents. China-based Fresh2 Group Ltd. rocketed 27.4% to $1.21. Warrantee Inc., which is based in Japan, rounded out the top three leaders on Tuesday, with shares rising 22.9% to 35 cents.

Data source: Dow Jones Market Data, FactSet.

(END) Dow Jones Newswires

11-21-23 1725ET