International stocks trading in New York closed lower on Monday.

AngloGold Ashanti Ltd. (AU, ANG.JO) and ArcelorMittal (MT, MT.FR, MT.AE) were among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts edged down 0.5% to 121.53. The European index eased 0.1% to 120.06, the Asian index fell 0.8% to 128.25, the Latin American index fell 2.2% to 175.29 and the emerging markets index declined 1.6% to 224.61.

 

AngloGold Ashanti reported lower net debt and costs during the first three months of 2016 despite lower gold production as the company continued to benefit from a recovery in the gold price, weak emerging-market currencies and cost cuts, according to a limited quarterly update released Monday. The Johannesburg-based mining company said its average selling price for gold was $1,185 an ounce for the three months ended in March, down 2.6% from $1,217 a year earlier, but up 7.3% from the last quarter of 2015. ADRs fell 14% to $14.11.

 

ADRs of ArcelorMittal fell 9.5% to $4.76 on Monday, after the Luxembourg-based steelmaker on Friday reported a narrower first-quarter loss and projected improved earnings to come as steel prices begin to recover, but cautioned that excess steel capacity in China still remains a concern. Weak China trade data also weighed on the sector.

 

Chinese internet regulators authorities ordered Baidu Inc. (BIDU, K3SD.SG) to revamp the way it handles advertising results in online searches, a week after after launching an investigation into the Internet giant's advertising practices. Internet regulators launched the investigation after the death of Wei Zexi, a college student with cancer who had taken a therapy found through an online advertisement on Baidu. ADRs of Baidu fell 2.6% to $169.49.

 

ADRs of Rio Tinto PLC (RIO, RIO.AU, RIO.LN) fell 7.9% to $28.47, after the Anglo-Australian miner on Friday said it signed off on a $5.3 billion expansion of a Mongolian copper mine that will ease the mining giant's reliance on iron ore for profit and become one of the world's biggest sources of the industrial metal.

 

Total SA (TOT, FP.FR) said it has agreed to buy Saft Groupe SA in a deal that aims to bolster the French oil company's competitiveness in clean energy. Total last month said it would create a gas, renewable energy and power trading unit, a move designed in part to diversify the company's revenue away from highly volatile oil prices. ADRs fell 1.9% to $47.98.

 

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

 

(END) Dow Jones Newswires

May 09, 2016 18:28 ET (22:28 GMT)

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