JD JD com Inc

International stocks trading in New York fell on Tuesday.

The BNY Mellon index of American depositary receipts fell 2% to 132.50. The European index dropped 2% to close at 123.62. The Asian index decreased 1.6% to 152.90 and the Latin American index was almost 4% lower, closing at 227.32. The emerging markets index was down about 3% to 278.17.

The ADR for JD.com Inc. (JD) traded actively on Tuesday, dropping almost 8% to $19.49 on worries that its business is poised to slow down as the year winds up. On Monday, the Chinese ecommerce giant forecast revenue for its next quarter of 130 million to 135 million renminbi, below the 136 million renminbi analysts polled by FactSet expected.

The ADR for Credit Suisse Group AG (CS) also traded actively on Monday, falling 4.7% to $11.72 amid a selloff in Swiss Bank stocks that was sparked Tuesday when Julius Baer, another Swiss bank, reported weak results for the July to October period. Shares of UBS were also down for the day.

(END) Dow Jones Newswires

November 20, 2018 17:09 ET (22:09 GMT)

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