ADR Report-ADRs fall on recession fear, oil up

NEW YORK Oct 23 (Reuters) - U.S.-traded shares of overseas companies fell on Thursday as recession fears overshadowed a rebound in stocks of energy companies.

The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) .BKADR dipped 2.3 percent while the 30-share Dow Jones industrial average .DJI was off 2.2 percent.

U.S. crude futures CLc1 rose 2.3 percent to trade above $68 per barrel ahead of Friday's OPEC meeting, expected to result in a production cut by the group to shore up prices.

ADRs of Royal Dutch Shell (RDSb.N), the world's second-largest private oil company, gained 3.7 percent to $47.44, both on the New York Stock Exchange.

The Bank of New York Mellon's index of leading Asian ADRs .BKAS fell 2.7 percent, tracking an overnight slide in Asian stock markets. Hong Kong's Hang Seng index .HSI fell 3.6 percent to its lowest levels since April 2005.

Japan's Nikkei share average .N225 fell 2.5 percent.

U.S.-listed shares of printer maker Canon Inc (CAJ.N) shrunk 5.6 percent to $29.45 and Honda Motor Co (HMC.N) dipped 4.4 percent to $20.67, both on the NYSE.

But New York-traded shares of Tokyo-based Nippon Telegraph (NTT.N) jumped 3.5 percent to $20.71 after Japanese phone operator KDDI Corp (9433.T) reported on Wednesday a 27 percent gain in quarterly profit.

The Bank of New York Mellon's index of leading European ADRs .BKEUR fell 2.6 percent. In Europe, shares closed mixed as markets in Britain and France edged up while Germany slid. The FTSEurofirst 300 .FTEU3 index of top European shares ended down 0.1 percent.

U.S.-listed shares of Anglo-Dutch Unilever (UN.N), the world's third-largest food company, rose 1.3 percent to $23.70 on the NYSE after larger rival Nestle (NESN.VX) beat forecasts and raised its full-year outlook. For details, see [ID:nLM110369]

Germany's Siemens AG (SI.N) lost 7.2 percent to $54.15.

ADRs of ABB AG (ABB.N) plunged 19.4 percent to $11.25 after the Swiss engineering group reported weaker-than-expected net profit and orders for the third quarter as customers hesitated about investing in infrastructure. [ID:nLM201220]

Receipts with the Bank of New York Mellon's index of leading Latin American ADRs .BKLA fell 3.5 percent.

Major Latin American benchmarks were mixed with Mexico's IPC .MXX down 5.2 percent and Brazil's Bovespa .BVSP off 4.5 percent, while Argentina's Merval .MERV added 0.7 percent following a three-session slash.

ADRs of recently battered Telecom Argentina (TEO.N) shot up 5.5 percent to $5.54. (Editing by Tom Hals)