ADR Report-Foreign shares slip on China, stronger dollar

NEW YORK, March 15 (Reuters) - Overseas shares traded in the United States fell on Monday as concerns China may continue to tighten credit liquidity hurt commodity prices and investor confidence.

Shanghai's key stock index fell overnight to its lowest close in five weeks on expectations China's central bank would step up credit tightening measures to fight inflation, a move that could slow the global recovery from recession.

The U.S. dollar rose, curbing appetite in foreign equities priced in the greenback, helped by the decline in Chinese stocks and also by a lack of concrete progress on a financial aid package for debt-strapped Greece.

New York -traded shares of Chinese companies fell, with PetroChina Co Ltd (PTR.N) down 1.3 percent to $117.38.

The Bank of New York Mellon index of American depositary receipts of Chinese companies .BKCN slipped 0.5 percent.

The broader BoNY Mellon index of leading ADRs .BKADR was down 0.7 percent while in comparison the U.S. benchmark S&P 500 index .SPX was trading flat.

The BoNY Mellon index of leading European ADRs .BKEUR fell 0.8 percent, dragged by bank, energy and miner shares.

Wall street-traded shares of Spain's Banco Santander (STD.N) dropped 1.3 percent to $14.04 and Norwegian energy company Statoil (STO.N) tumbled 2.2 percent to $22.72.

Oil prices CLc1 settled 1.8 percent lower at $79.80 per barrel.

The BoNY Mellon index of leading Latin American ADRs .BKLA lost 0.3 percent. Brazil's Petrobras (PBR.N) fell 1 percent to $46.63.