ADR Report-Foreign shares fall on recovery worries

By Rodrigo Campos

NEW YORK, July 6 (Reuters) - Overseas shares traded in the
United States fell on Monday as investors focused on last
week's bleak jobs data and questioned the strength of a global
economic rebound.

Companies in the energy and basic materials sectors were
the most hit as commodities prices stumbled on demand fears.

New York-traded shares of Brazilian oil company Petrobras
(PBR.N) slid 4.4 percent to $36.98 while Australian miner BHP
Billiton Ltd (BHP.N) dived 5.8 percent to $50.48.

The Bank of New York Mellon index of leading American
Depositary Receipts (ADRs) .BKADR fell 0.8 percent while the
U.S. benchmark S&P 500 index .SPX shed 0.2 percent.

The Bank of New York Mellon index of leading Asian ADRs
.BKAS edged down less than 0.1 percent as Japanese ADRs
.BKJP, up 1.6 percent, and those from Korea .BKKR, up 1.7
percent, partly offset declines from companies based in other
major Asian countries.

An Indian ADR index .BKIN slid 4.4 percent as the local
market sank on deficit concerns. [ID:nBOM14501]

The MSCI index of Asian shares outside Japan
.MIAPJ0000PUS fell 1.5 percent.

ADRs of China Life (LFC.N) were among the few winners based
in that country, after Credit Suisse upgraded its stock to
"outperform" from "neutral." China Life ADRs were up 3.3
percent at $56.66.

The Bank of New York Mellon index of leading European ADRs
.BKEUR fell 0.9 percent, while the FTSEurofirst 300 .FTEU3
index of top shares closed down 1.1 percent and at its lowest
since mid May.

Receipts with the Bank of New York Mellon index of leading
Latin American ADRs .BKLA fell 2 percent. In Latin America
major benchmarks fell, tracking Wall Street's decline.
(Editing by Leslie Adler)