ADRs End Lower; BHP Billiton, Rio Tinto and Aegon Trade Actively

International stocks trading in New York closed lower Tuesday.

The BNY Mellon index of American depositary receipts fell 0.8% to 146.78. The European index decreased 0.7% to 135.42. The Asian index dropped 1.4% to 179.59. The Latin American index rose 0.9% to 211.88. And the emerging-markets index fell 1.2% to 317.43.

BHP Billiton PLC (BBL), Rio Tinto Plc (RIO) and Aegon NV (AEG) were among those with ADRs that traded actively.

BHP Billiton said Tuesday it has agreed to sell its Cerro Colorado copper mine in Chile to private-equity manager EMR Capital for up to $320 million. The dual-listed mining company said it will be paid $230 million in cash when the transaction closes in the fourth quarter. The company will also receive $40 million in proceeds from the post-close sale of parts of Cerro Colorado's copper inventory, and a payment of up to $50 million depending on the performance of copper prices. ADRs of BHP Billiton fell 2.9% to $43.39.

Mining companies fell, including Rio Tinto, as metal prices take a hit from the trade spat between the U.S. and China. "Though there was some bounce on the session open, the tit-for-tat in trade tariffs sees fears of a trade war intensify," said Alastair Munro at commodity trading group Marex Spectron. ADRs of Rio Tinto fell 3.7% to $54.95.

Dutch insurance and asset management company Aegon said Tuesday its financial restructuring will increase its annual capital generation by 150 million euros ($173.4 million). In a presentation to analysts, Chief Financial Officer Matt Rider said Aegon would retain part of the additional capital generation to offset the impact of financial changes. Mr. Rider also said Aegon's Netherlands and U.K. arms will change their reporting structures. Aegon Netherlands will report in four segments: life, banking, nonlife and service businesses. Aegon U.K. will report in two segments: existing business and digital solutions. ADRs of Aegon rose 2.1% to $6.28.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

June 19, 2018 18:32 ET (22:32 GMT)

Aegon (EU:AGN)
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