American Depository Receipts fall with bank shares

Posted by 7Star Monday, January 18, 2010

US-traded shares of overseas companies fell on Friday, with bank shares among those leading declines after J. P Morgan Chase & Co reported steep loan losses. The Bank of New York Mellon index of leading American Depository Receipts (ADRs) fell 1.5 percent while the US benchmark S&P 500 index declined 1.1 percent.

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