By Denny Jacob
International stocks trading in New York closed lower on Friday.
The S&P/BNY Mellon index of American depositary receipts slipped 2.2% to 137.02. The European index retreated 2.3% to 126.83. The Asian index lost 2.4% to 168.05. The Latin American index ticked down 0.7% to 191.17, while the emerging-markets index sank 1.9% to 288.06.
Alibaba Group Holding Ltd. was among those whose ADRs traded actively.
The Chinese e-commerce giant ended down 1.9% after an earlier rally following news that Washington and Beijing reached an agreement for U.S. accounting regulators to inspect China-based audits, opening the door for a process that could allow Chinese companies to remain on U.S. stock exchanges.
Amarin Corp. lost 2.3% despite the Dublin biopharmaceutical company reporting that data from its fish-oil-derived drug Vazkepa reduced certain myocardial infarction subtypes in patients with cardiovascular disease or diabetes with risk factors.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 26, 2022 17:15 ET (21:15 GMT)
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