ADR Report-ADRs fall on concern about US inflation

By Rodrigo Campos

NEW YORK, May 20 (Reuters) - Overseas shares traded in the United States fell on Tuesday as further gains in crude oil and in U.S. producer price data increased worries about inflation.

The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) shed 1.1 percent while the 30-share Dow Jones industrial average .DJI fell 1.5 percent.

Financial companies' shares fell, including New York-traded shares of India's ICICI Bank (IBN.N: Quote, Profile, Research), off 4 percent to $42.72, along with ADRs of airlines, which are heavy fuel users. Shares of Chile's LAN Airlines (LFL.N: Quote, Profile, Research) slid 2.2 percent to $11.47.

U.S. producer prices rose by a smaller-than-expected 0.2 percent in April, government data showed, but core prices, stripping out energy and food costs, increased by 0.4 percent for a 3.0 percent rise over the last 12 months, the largest gain since December 1991. For details see [ID:nN20291072].

U.S. crude futures rose more than $2 to a record near $130 a barrel on Tuesday as the the front-month June contract CLM8 approached expiration.

The Bank of New York Mellon's index of leading European ADRs was down 0.6 percent. In Europe, declines in commodity and bank shares pulled stocks lower, with the FTSEurofirst 300 index of top shares down 2 percent, its worst one-day fall since March 17 when it hit a 2-1/2-year low.

Wall Street-traded shares of London-based BHP Billiton (BBL.N: Quote, Profile, Research) lost 5.3 percent at $79.95 on the NYSE.

The Bank of New York Mellon's index of leading Asian ADRs .BKAS slid 2.5 percent. In Asia, shares ended lower as fears over the impact of last week's major earthquake on China's economy worried investors. Shanghai's benchmark stock index .SSEC closed 4.5 percent lower on Tuesday. China Mobile (CHL.N: Quote, Profile, Research) fell 5.2 percent to $81.69 on the NYSE.