ADR Report-Foreign stocks fall with profit-taking tide
NEW YORK, May 11 (Reuters) - Overseas shares traded in the United States fell on Monday as investors took profits after a two-month rally.
Among top decliners in a broad-based sell-off were New York-traded shares of Australian miner BHP Billiton Ltd (BHP.N: Quote, Profile, Research), down 2.6 percent at $53.05.
The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) slid 2.15 percent, mirroring the 2.15 percent drop in the U.S. benchmark S&P 500 index .SPX.
The Bank of New York Mellon's index of leading Asian ADRs fell 2.5 percent.
Overnight in Asia, major markets were mixed. The benchmark Nikkei average .N225 of Tokyo shares rose 0.2 percent to close at 9,451.98, a six-month high. But Toyota's shares got hit after the world's biggest automaker forecast a larger-than-expected $8.6 billion annual loss, and its ADRs (TM.N: Quote, Profile, Research) fell 3 percent to $76.79.
The Bank of New York Mellon's index of leading European ADRs slid 2.3 percent. In Europe, the FTSEurofirst 300 index of top shares closed down 1.3 percent, weighed by banks.
The ADRs of Deutsche Bank (DB.N: Quote, Profile, Research) fell 3.3 percent to $56.42, while those of HSBC (HBC.N: Quote, Profile, Research) lost 2.5 percent to $43.10.
The Bank of New York Mellon's index of leading Latin American ADRs shed 0.6 percent. In Latin America, major benchmarks were mixed, with Brazil's Bovespa .BVSP down 0.8 percent and Mexico's IPC .MXX off 0.6 percent, while Chile's blue-chip IPSA .IPSA rose 0.7 percent.
The ADRs of Brazil's Banco Bradesco (BBD.N: Quote, Profile, Research) fell 2.1 percent to $13.64. (Editing by Jan Paschal)
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