By Sabela Ojea

 

International stocks trading in New York closed mostly lower on Wednesday.

The S&P/BNY Mellon index of American depositary receipts fell 0.2% to 152.89. The European index declined 0.1% to 145.77, the Asian index dropped 0.5% to 182.44, while the Latin American index increased 1.1% to 190.05. The emerging markets index fell 0.2% to 304.18.

ADRs of Siemens AG rose 3.5% after the German electronics and mobility firm said it is raising its outlook for the current fiscal year on the back of strong revenue and orders.

ADRs of Volkswagen AG fell 0.4% after the German car maker said 2022 free cash flow missed expectations due to supply-chain snags that led to higher unsold inventory at the year-end.

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

February 08, 2023 19:18 ET (00:18 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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