ADR Report-Foreign shares rise with market rebound

NEW YORK | Tue Aug 18, 2009 4:37pm EDT

NEW YORK Aug 18 (Reuters) - Overseas shares traded in the United States rose on Tuesday as global stocks bounced back from the previous day's selloff and energy shares rose alongside oil prices.

Oil CLc1 rose to over $69 a barrel as Wall Street was buoyed by better-than-expected earnings results in retailers. New York-listed shares of Total SA (TOT.N) gained 1.9 percent to $53.65 and BP (BP.N) was up 1.8 percent at $50.06.

Also in the energy sector, PetroChina (PTR.N) rose after it struck a $41 billion liquefied natural gas agreement with Exxon Mobil (XOM.N). For details, see [ID:nPEK35507]

PetroChina's U.S. shares rose 2 percent to $109.56.

Rio Tinto RTP.N climbed 3.2 percent to $153.10 after the global miner agreed to sell its Alcan packaging unit for about $2 billion to Australia's Amcor Ltd (AMC.AX). [ID:nLI155415]

Shares of Japan's Sony (SNE.N) were up 2 percent at $27.57 after it said it will launch a cheaper version of its PlayStation 3 game console and plans to cut prices on existing models to bolster sales. [ID:nLI152101]

Mexico's Cemex (CX.N) said on Monday that it had until next June to raise money to refinance its debt. Shares of the world's No. 3 cement maker jumped 5.1 percent to $11.52 in Tuesday's trade.

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) .BKADR was up 1.9 percent. The U.S. benchmark S&P 500 index .SPX ended 1 percent higher as better-than-expected results from big retailers brought investors back into the market. The S&P finished Monday's session with its worst decline in seven weeks.

The Bank of New York Mellon index of leading Asian ADRs .BKAS rose 2.1 percent. China shares recovered some of the previous session's losses in volatile trade as investors went bargain hunting.

The Bank of New York Mellon index of leading European ADRs .BKEUR gained 1.8 percent. In Europe, the FTSEurofirst 300 .FTEU3 index of top shares ended 1.4 percent higher as energy and bank shares rose.

Receipts with the Bank of New York Mellon index of leading Latin American ADRs .BKLA were up 1.9 percent. (Reporting by Leah Schnurr; Editing by James Dalgleish)

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