By Kathryn Hardison


International stocks trading in New York closed lower on Tuesday.

The S&P/BNY Mellon index of American depositary receipts fell 0.6% to 148.38. The European index declined 0.9% to 145, the Asian index edged 0.1% lower to 170.07, the Latin American index dropped 0.7% to 186.69 and the emerging markets index decreased 0.4% to 282.13.

Bayer AG and Erste Group Bank AG were among the companies with ADRs that traded actively.

ADRs of Bayer AG declined 4.5% after the German agricultural and pharmaceutical company reported fourth-quarter profit that missed expectations despite higher sales. The company also guided for full-year earnings to be lower than the year prior as inflation remains high.

ADRs of Erste Group Bank AG rose 5.1% after the Austrian lender said fourth-quarter profit beat expectations as net interest income jumped on the back of rate hikes and loan growth.

ADRs of Sibanye-Stillwater Ltd. fell 2.8% after the company reported a near-halved net profit for 2022, attributing it to factors such as industrial action, bad weather and the challenging macroeconomic and geopolitical environment.


Write to Kathryn Hardison at


(END) Dow Jones Newswires

February 28, 2023 18:27 ET (23:27 GMT)

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