ADR Report-Foreign shares little changed, but Nokia dives
NEW YORK, Oct 15 (Reuters) - Overseas shares traded in the United States were little changed on Thursday as rising European stocks offset a decline in Asian shares.
Shares edged up in Europe despite a surprise quarterly loss from Finnish mobile phone maker Nokia.
New York-traded shares of Nokia (NOK.N) fell more than 10 percent to $13.74 after the world's top cellphone maker took a major writedown at its struggling networks unit and posted a fall in smartphone sales. For details see [ID:nLF596616].
The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) .BKADR fell less than 0.1 percent, tracking the U.S. benchmark S&P 500 index .SPX.
The BoNY index of leading Asian ADRs .BKAS fell 0.5 percent, hurt by Chinese and Japanese shares despite overnight gains in Shanghai, Hong Kong and Tokyo.
ADRs of China Mobile Ltd (CHL.N), the world's largest mobile communications provider, slid 1.2 percent to $50.63.
ADRs of Chinese mobile entertainment provider Linktone (LTON.O) soared 37 percent to $2.83 and topped the percentage gainers list after the company announced an agreement to make video highlights of Major League Baseball games available to customers in China.
The BoNY index of leading European ADRs .BKEUR rose 0.2 percent. In Europe, the FTSEurofirst 300 .FTEU3 index of top shares rose 0.1 percent as British retailers jumped on takeover fever in the sector.
ADRs of GlaxoSmithKline (GSK.N) rose 2.3 percent to $41.24. Britain's chief medical officer said a nationwide vaccination program will start next week, with 415,000 doses of GlaxoSmithKline's Pandemrix delivered to immunize high-risk hospital patients and front-line healthcare workers against the H1N1 flu virus. [ID:nLF319273].
The BoNY index of leading Latin American ADRs .BKLA dipped 0.1 percent. In Latin America, major benchmarks were little changed in afternoon trading.
ADRs of Brazilian miner Vale (VALE.N), one of the volume leaders in the session, edged up 0.5 percent to $26.82.
