International stocks trading in New York closed lower on Thursday.

Cheetah Mobile Inc. (CMCM) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.8% to 120.64. The European index decreased 0.7% to 119.46; the Asian index dropped 0.9% to 127.33; the Latin American index fell 1.3% to 169.53; and the emerging markets index declined 1% to 220.65.

Cheetah Mobile issued second-quarter guidance well below expectations as the Chinese mobile utility and security app company said its first-quarter earnings fell 65%. The Beijing company's ADRs closed at $11.43 in New York, a decline of 18%, after hitting an all-time low earlier Thursday.

National Grid PLC (NGG, NG.LN) reported a 15% rise in fiscal 2016 pretax profit and said the process for the sale of a majority stake in its U.K. gas-distribution business is on track. The U.K. natural-gas and electricity network operator's ADRs fell 60 cents to $72.19.

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

(END) Dow Jones Newswires

May 19, 2016 17:46 ET (21:46 GMT)

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