MT ArcelorMittal

By Denny Jacob

International stocks trading in New York closed lower on Friday.

The S&P/BNY Mellon index of American depositary receipts slipped 1.2% to 145.47. The European index ticked down 0.9% to 141.57. The Asian index moved down 1.5% to 167.66. The Latin American index lost 2.2% to 184.01, while the emerging-markets index slipped 1.2% to 276.70.

ArcelorMittal SA was among those whose ADRs traded actively.

The steelmaker slid 3.2% after Vale SA said it and its partners sold their stakes in steelmaker Companhia Siderurgica do Pecem, or CSP, to ArcelorMittal.

Japanese financial stocks, including Mitsubishi UFJ Financial Group Inc. and Dai-ichi Life Holdings Inc., ended lower after the Bank of Japan kept its easing program unchanged, dashing hopes for higher rates.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 10, 2023 18:33 ET (23:33 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.