By Denny Jacob


International stocks trading in New York closed lower on Friday.

The S&P/BNY Mellon index of American depositary receipts dropped 3.4% to 122.28. The European index retreated 3.9% to 113.71. The Asian index lost 2.4% to 147.90. The Latin American index declined 4.9% to 178.75, while the emerging-markets index tumbled 3% to 255.39.

Alibaba Group Holding Ltd. was among those whose ADRs traded actively.

The Chinese e-commerce company declined 2.4% as U.S. regulators on Thursday started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from Alibaba to Yum China Holdings Inc. can remain listed on American stock exchanges.

Pharmaceutical company AstraZeneca PLC tumbled 3.1% after its Ultomiris drug was approved in the European Union for the treatment of adults with the rare disease generalized myasthenia gravis.


Write to Denny Jacob at


(END) Dow Jones Newswires

September 23, 2022 18:26 ET (22:26 GMT)

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