ADR REPORT-ADRs down on Goldman fallout; banks and energy weigh

By Ryan Vlastelica

NEW YORK, April 19 (BestGrowthStock) – Overseas shares traded in
the United States were lower on Monday as equities extended
Friday’s slump following fraud allegations against Goldman
Sachs (GS.N: ), which pressured both financial and energy firms.

On Friday, the U.S. Securities and Exchange Commission
charged Goldman of fraud in the structuring and marketing of a
debt product tied to subprime mortgages. For details, see
[ID:nN16131161]

The charges dampened risk appetite and sent crude oil
futures down 2.6 percent to $81.09 per barrel, weighing on the
energy sector. [ID:nSGE63I00Y]

The Bank of New York Mellon index of leading American
Depositary Receipts (ADRs) (.BKADR: ) fell 1.3 percent while the
U.S. benchmark S&P 500 index (.SPX: ) was down 0.6 percent.

Losses in the United States were limited by some positive
earnings results, including from Citigroup Inc (C.N: ). [.N]

The Bank of New York Mellon index of leading Asian ADRs
(.BKAS: ) fell 1.5 percent percent. In Asia, Chinese stocks
suffered their biggest daily drop in eight months after Beijing
took further steps to rein in the surging real estate market.
[.HK]

China Finance Online (JRJC.O: ) sank 3.1 percent to $7.26
while in Korea, Woori Finance (WF.N: ) lost 1 percent to $47.16
and KB Financial (KB.N: ) was off 1.7 percent.

In the energy sector, China’s CNOOC Ltd (CEO.N: ) slid 1.4
percent to $172.8 and China Petroleum (SNP.N: ) was off 1.8
percent to $81.27.

Separately, Toyota Motors (TM.N: ) fell 1 percent to $78.55
after the Japanese automaker agreed to pay a record $16.4
million fine to U.S. safety regulators to settle a complaint
that the company delayed a recall over defective accelerator
pedals. [ID:nN19194939]

The Bank of New York Mellon index of leading European ADRs
(.BKEUR: ) lost 1.2 percent while Europe’s FTSEurofirst 300
(.FTEU3: ) index of top shares ended down 0.6 percent. [.EU]

European financials continued to be pressured by the
charges against Goldman. Deutsche Bank (DB.N: ) fell 1.7 percent
to $72.90, Barclays Plc (BCS.N: ) dropped 2.3 percent to $22.37
and HSBC Holding (HBC.N: ) slid 1.7 percent to $52.72.

Among energy companies, BHP Billiton Plc (BBL.N: ) sank 2.5
percent to $66.03 and BP Plc (BP.N: ) lost 1.5 percent to
$58.97.

Receipts with the Bank of New York Mellon index of leading
Latin American ADRs (.BKLA: ) fell 1.4 percent. In Latin America,
major benchmarks were down on the continued fallout from
Goldman. [.SA]

In Latin America, Brazil’s Banco Bradesco (BBD.N: ) fell 1.7
percent to $17.98 while Banco Del Chile (BCH.N: ) slid 2.2
percent to $60.25 and BanColombia (CIB.N: ) was off 1.8 percent
to $47.25.
(Editing by Leslie Adler)

ADR REPORT-ADRs down on Goldman fallout; banks and energy weigh