RPT-ADR Report-ADRs gain after Irish banks’ stress test

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NEW YORK, April 1 (Reuters) – Overseas shares traded in
the United States rose on Friday, buoyed by financial stocks
after Ireland put a 70-billion-euro price on protecting its
banks from future shocks, providing relief to investors.

Chinese energy companies also added to gains on news that
some funds were buying sectors that were heavily invested by
the Chinese government.

U.S.-listed shares of Allied Irish Bank (AIB.N: Quote, Profile, Research) rose 20.4
percent to $2.89. Bank of Ireland (IRE.N: Quote, Profile, Research) shares also jumped
22.3 percent to $2.14.

The government’s tough restructuring means Ireland’s
financial sector will look very different by 2015: there will
be just two core banks, they won’t have international
aspirations and 72 billion euros of loans need to be sold.

Financial shares rallied after the government said
bondholders of the viable banks would not have to take a
discount on their investments. But the prospect of investing
in the banks still makes some investors wary and funding
remains a big concern. For details, see [ID:nLDE72R0ZS]

Among Chinese energy companies, U.S.-listed shares of
PetroChina (PTR.N: Quote, Profile, Research) rose 1.3 percent to $154.27 and China
National Offshore Oil Corp (CEO.N: Quote, Profile, Research) added 3.6 percent to
$262.14.

The BNY Mellon index of leading American Depositary
Receipts (ADRs) (.BKADR: Quote, Profile, Research) advanced 1.2 percent, outperforming
the broader U.S. benchmark S&P 500 index (.SPX: Quote, Profile, Research), which rose
0.5 percent.

The BNY Mellon index of leading Asian ADRs (.BKAS: Quote, Profile, Research) rose
0.7 percent.

The BNY Mellon index of leading European ADRs (.BKEUR: Quote, Profile, Research)
rose 1.3 percent. An index of European shares hit its highest
close in just over three weeks on Friday after strong U.S.
jobs data supported the view the global recovery was on track,
while technical levels also pointed to a more bullish trend.

The BNY Mellon index of leading Latin American ADRs
(.BKLA: Quote, Profile, Research) gained 1.6 percent. New-York listed shares of Petroleo
Brasil (PBR.N: Quote, Profile, Research) shot up 2.4 percent to $41.41.

In the United States, data showed U.S. employment grew
solidly for a second month in March and the jobless rate hit a
two-year low of 8.8 percent. [ID:nNOAT00477]
(Reporting by Angela Moon; Editing by Jan Paschal)

RPT-ADR Report-ADRs gain after Irish banks’ stress test