ADR Shares End Mixed; Luxottica Shares Trade Actively

International stocks trading in New York closed were mixed on Thursday. The BNY Mellon index of American depositary receipts edged up 0.27% to 142.62. The European index eased 0.16% to 139.04, the Asian index improved 0.09% to 140.33, the Latin American index rose 3.7% to 287.15 and the emerging markets index increased 1.9% to 286.71. Among the companies with shares that actively traded was Luxottica Group SpA (LUX, LUX.MI).

Luxottica Group SpA (LUX, LUX.MI) slumped a day after newly appointed CEO Enrico Cavatorta said he would resign from the world's largest eyewear maker. He is the second CEO in less than two months to quit--Andrea Guerra left in September after 10 years as CEO. Exane BNP Paribas says the share price should be supported in the short term by a stronger U.S. dollar as well as lower exposure to China but suggest investors "to sit on the fence for the moment." Shares fell 9.1% to $47.01.

Shares of chip makers declined amid investor concerns about tech sector earnings following a warning last week from Microchip Technology Inc. (MCHP) that it would report disappointing sales for the September quarter and its suggestion of "another industry correction." Among the decliners, STMicroelectronics NV (STM, STM.MI, STM.FR) fell 4% to $6.68; ASM International NV (ASMI, ASM.AE) dropped 1.7 % to $33.10; United Microelectronics Corp. (UMC, 2303.TW) declined 2% to $1.95; Semiconductor Manufacturing International Corp. (SMI, 0981.HK) edged down 0.2% to $4.81. Taiwan Semiconductor Manufacturing Co. (TSM, 2330.TW) rebounded from earlier declines and closed at $19.67, up 1.2%.

General Electric Co.'s (GE) $1.8 billion move into helicopter leasing is a timely reminder that the private-equity money that has poured into renting commercial jets to airlines -- a segment where its GE Capital Aviation Services, known as Gecas, is a market leader -- is starting to pressure margins. Shares of jet-lessor Fly Leasing Ltd. (FLY) fell 3.2% to $11.95.

Write to Tess Stynes at [e-mail]

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