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

Air travel and tourism firms were among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.42% to 123.21. The European index decreased 0.64% to 120.34, the Asian index edged down 0.13% to 133.43, the Latin American index edged up 0.34% to 176.09 and the emerging markets index eased 0.06% to 230.81.

 

ADRs of a number of air travel and tourism companies declined in the aftermath of attacks at Brussels Airport and in a subway station in the city, the second major terror attack on a European capital in four months. Among the decliners, ADRs of Ryanair Holdings PLC (RYAAY, RYA.LN, RY4C.DB) , Europe's largest budget airline, fell 1.1% to $82.91. Intercontinental Hotels Group PLC (IHG, IHG.LN), whose brands include Holiday Inn and Crowne Plaza, declined 2.7% to $39.63 and cruise-ship operator Carnival PLC (CUK, CCL.LN) dropped 2.5% to $49.82.

 

Italian eyewear company Luxottica Luxottica Group SpA (LUX, LUX.MI) has released strong 2015 results and a confident outlook for this year but its bonds will be taking a breather, according to UniCredit. Credit analyst Silke Stegemann cuts his recommendation to marketweight from overweight. ADRs fell 1.3% $54.39.

 

Write to Tess Stynes at tess.stynes@wsj.com

 

(END) Dow Jones Newswires

March 22, 2016 18:05 ET (22:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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