VOD Vodafone Group PLC

International stocks trading in New York traded lower Monday.

The BNY Mellon index of American depositary receipts fell 1.2%, to 129.48. The European index decreased 1.2%, to close at 119.74. The Asian index was dropped 1.2%, to 152, and the Latin American index was off 1.5%, closing at 221.63. The emerging markets index fell 1.6%, to 277.34.

The ADR for Vodafone Group Plc (VOD) traded actively, falling 0.6% to $20.01. Last Friday, Britain's Ofcom agency, which regulates telecommunications companies, said it would review how broadband firms price their products amid fears that some customers are paying too much. The announcement inspired investors to sell off telecom companies in the country, including Vodafone, a market move that continued Monday.

UBS Group AG's (UBS) ADR also traded actively, losing almost 1% to close at $12.25. Earlier in the day, the Swiss bank agreed to pay $15 million over regulatory deficiencies in its anti-money-laundering program. Over a roughly 13-year period ending last year, a bank broker-dealer unit violated the U.S.'s Bank Secrecy Act, which requires financial firms to report suspicious activity, officials said. The bank said Monday it was pleased to have resolved the matter. UBS will pay $5 million each to the U.S. Treasury Department, the Securities and Exchange Commission and an industry-funded regulator.

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(END) Dow Jones Newswires

December 17, 2018 19:11 ET (00:11 GMT)

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