ADRs Close Lower

   By Waverly Colville

International stocks trading in New York closed lower on Thursday.

The BNY Mellon index of American depositary receipts fell 0.5% to 147.72. The European index decreased 0.4% to 137.88. The Asian index dropped 0.6% to 175.50. The Latin American index fell 1.2% to 220.41 and the emerging markets index decreased 0.8% to 312.68.

SAP SE and China Eastern Airlines Corp. were among the companies with ADRs that traded actively.

ADRs of SAP fell 3.8% to $117.36 after the company reported its second-quarter results. The company's profit rose to 719 million euros from 668 million euros a year before. This was strongly driven by its cloud business, which raised its revenue to 1.2 billion euros.

ADRs of China Eastern Airlines fell 5.8% to $30.70. The company and Air France-KLM SA will extend their cooperation in their maintenance, repair and overhaul sector with China Eastern's Boeing 787-9 planes, which will eventually grow to 15. Air France will develop regional spare parts for the jets in Shanghai. China Eastern is already one of Air France's largest shareholders.

Write to Waverly Colville at waverly.colville@wsj.com

(END) Dow Jones Newswires

July 19, 2018 17:22 ET (21:22 GMT)

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