ASBFY Associated British Foods Plc (PK)

By Sabela Ojea

International stocks trading in New York closed lower on Tuesday.

The S&P/BNY Mellon index of American depositary receipts fell 1.6% to 150.17. The European index declined 1.2% to 151.20, the Asian index dropped 2.3% to 163.02, the Latin American index decreased 1.3% to 183.58 and the emerging markets index was 2.4% lower at 270.69.

ADRs of Travis Perkins PLC fell 4.2% to $11.45 after the U.K. building-materials retailer said sales fell in the first quarter because of challenging market conditions.

Associated British Foods PLC ADRs fell 5.6% to $24.47 after the food producer and owner of clothing retailer Primark reported lower first-half adjusted operating profit and forecast full-year profit similar to a year earlier.

ADRs of Novartis AG closed up 3.4% to $104.04 after the Swiss pharma major posted a rise in profit and sales and raised its guidance for the year.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

April 25, 2023 19:19 ET (23:19 GMT)

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