ADR Report-ADRs gain on investor optimism; strong yen weighs

NEW YORK, Oct 13 (BestGrowthStock) – Overseas shares traded in the
United States rose on Wednesday on improved investor sentiment
after a stronger-than-expected data out of China and upbeat
corporate earnings.

After two days of decline, the BNY Mellon index of leading
American Depositary Receipts (ADRs) (.BKADR: ) gained 1.5
percent. The U.S. benchmark S&P 500 index (.SPX: ) also rose 1
percent.

The BNY Mellon index of leading Asian ADRs (.BKAS: ) rose 1.2
percent. In Asia, shares rose on increasing expectations that
the U.S. Federal Reserve will ease policy to support the
economy.

Business confidence in China rose and the trade surplus
narrowed in the world’s No. 2 economy, also fueling optimism to
investors about the state of global economy.

New York-listed shares of China Mobile (CHL.N: ) gained 1.3
percent to $53.36 and China Life Insurance (LFC.N: ) rose 3.1
percent to $66.73.

Japan’s Toyota Motor (TM.N: ) was up 0.6 percent to $70.48,
but gains were limited as strong yen hurt the country’s major
exporters. Honda Motor (HMC.N: ) gained 0.7 percent to $36.42.

The BNY Mellon index of leading European ADRs (.BKEUR: ) was
up 1.7 percent. In Europe, shares hit a three-week closing
high, with miners topping the risers on hopes of improving raw
materials demand.

U.S.-traded shares of BP (BP.N: ) rose 0.3 percent to $41.36
and BHP Billiton PLC (BBL.N: ) rose 3.3 percent to $69.79.

France’s Total (TOT.N: ) shares were also up 1.8 percent at
$54.00.

Receipts with the BNY Mellon index of leading Latin
American ADRs (.BKLA: ) rose 1.7 percent. Shares of America Movil
(AMX.N: ), the biggest Latin American ADR, gained 1.4 percent to
$56.38.

(Reporting by Angela Moon, Editing by Chizu Nomiyama)

ADR Report-ADRs gain on investor optimism; strong yen weighs