ADR Report-ADRs edge lower after 13-month high

By Chuck Mikolajczak

NEW YORK, Nov 10 (Reuters) - Overseas shares traded in the United States dipped on Tuesday as investors paused a day after stocks hit a 13-month high on anticipation interest rates will remain low.

On Monday, U.S. stocks hit fresh 2009 highs after the Group of 20 pledged to keep aid pumping to the world economy. For details see, [ID:nLQ516726]

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) .BKADR shed 0.8 percent while the U.S. benchmark S&P 500 index .SPX slipped 0.3 percent.

HSBC Holding (HBC.N) rose 3.1 percent to $60.12 after Europe's biggest bank reported third-quarter results and said losses on U.S. consumer loans fell for the first time in three years. [ID:nLA635993]

However, Barclays Plc (BCS.N) dropped 6.1 percent to $21.76 after Britain's second-biggest bank posted third-quarter results and said it expects bad debts to peak earlier than anticipated on concern the growth is unsustainable and costs are mounting. [ID:nLA601181]

The Bank of New York Mellon index of leading Asian ADRs .BKAS fell 1 percent. In Asia, were slightly higher on hopes continued stimulus will support economic recovery. [ID:nHKG276072]

SMIC (SMI.N) shares remained halted after China's largest contract chipmaker said it will pay $200 million and give the rights to purchase up to 10 percent of the company to TSMC (2330.TW) in order to settle lawsuits between the two. [ID:nTP302150]

The Bank of New York Mellon index of leading European ADRs .BKEUR dipped 0.5 percent. In Europe, the FTSEurofirst 300 .FTEU3 index of top shares, down 0.2 percent, snapped a four-day winning streak, weighed down by mining and telecom stocks. [ID:nLA732581]

Receipts with the Bank of New York Mellon index of leading Latin American ADRs .BKLA lost 0.7 percent. (Reporting by Chuck Mikolajczak; Editing by Andrew Hay)