BABA Alibaba Group Holding Limited

   By Nishant Mohan 
 

International stocks trading in New York closed mostly lower on Monday.

Carnival PLC and GW Pharmaceuticals PLC were among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 1.92% to 144.95. The European index decreased 1.71% to 134.92, the Asian index lost 2.6% to 174.18, the Latin American index fell 0.41% to 210.36 and the emerging markets index decreased 2.54% to 308.43.

Citing growing fuel costs as the reason for lowering its guidance, Carnival pulled down other cruise-line operators with it. ADRs of Carnival fell 9.09% Monday to $58.11 a share.

The U.S. Food and Drug Administration approved GW Pharmaceuticals' cannabidiol drug Epidolex, the first ever prescription drug derived from marijuana. Despite approval of the seizure treatment, ADRs of the company fell 4.29% to $144.76 a share.

Trump administration plans to curb Chinese investment in U.S. tech firms and tech exports to China brought shares of Alibaba Group Holding Ltd. down 5.33% to $191.25 Monday.

Write to Nishant Mohan at nishant.mohan@wsj.com

(END) Dow Jones Newswires

June 25, 2018 16:57 ET (20:57 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.