ADR Report-Foreign shares little changed; Asian ADRs dip

NEW YORK, Oct 29 (BestGrowthStock) – Overseas shares traded in the
United States were little changed on Friday as Asian equities
offset gains in the other regions after stock markets in Asia
fell broadly.

Shares in China, Japan, South Korea and Taiwan ended lower,
mostly weighed by technology and financial stocks.

Some major Japanese exporters, which take up a significant
portion of U.S.-traded foreign shares, were also lower after
reporting quarterly results.

The BNY Mellon index of leading American Depositary
Receipts (ADRs) (.BKADR: ) slipped 0.02 percent, the same as the
U.S. benchmark S&P 500 index (.SPX: ).

The BNY Mellon index of leading Asian ADRs (.BKAS: ) dipped
0.5 percent.

U.S.-traded shares of Japan’s Honda Motor (HMC.N: ) was off
0.9 percent at $36.10, and Panasonic Corp (PC.N: ) fell 2.4
percent at $14.40. Sony Corp (SNE.N: ) was little changed at
$33.80.

All three companies reported earnings on Friday, and while
the results were not bad investors continued to worry about the
strength of the Japanese yen against other major currencies.

Receipts with the BNY Mellon index of leading Latin
American ADRs (.BKLA: ) gained 0.6 percent. In Latin America,
stocks rose after U.S. economic growth met expectations and
investors continued to buy high-yielding stocks ahead of next
week’s U.S. central bank meeting.

America Movil (AMX.N: ), the largest Latin American company
listed in the U.S., was up 0.5 percent at $57.42, and Fomento
Mexicano (FMX.N: ) rose 2.7 percent to $54.02.

The BNY Mellon index of leading European ADRs (.BKEUR: ) was
up 0.04 percent. European stocks ended slightly higher, posting
a second consecutive monthly gain.

Stock markets globally awaited the U.S. Federal Open Market
Committee meeting next week. Estimates for how long the Fed
will print money and how much varied widely — from $250
billion to as much as $2 trillion, according to a Reuters poll.
For details, see [ID:nNLLRLE6LL]
(Reporting by Angela Moon; editing by Jeffrey Benkoe)

ADR Report-Foreign shares little changed; Asian ADRs dip