By Sabela Ojea
International stocks trading in New York closed lower on Wednesday.
The S&P/BNY Mellon index of American depositary receipts fell 1% to 146.98. The European index declined 1% to 144.25, the Asian index fell 1.1% to 166.70, the Latin American index was 1.1% lower at 183.62 and the emerging markets index dropped 1.1% to 278.34.
ADRs of BRF dropped 10% to $1.64 after the Brazilian meatpacker said it had received a commitment from a Saudi Arabian company to purchase new shares in the company.
ADRs of Belite Bio plunged 31% to $16.49 after the clinical-stage biopharmaceutical company said it was raising $30 million in a dilutive public offering.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
05-31-23 1939ET
