ADR Report-ADRs down on credit, U.S. rescue plan anxiety

By Steven C. Johnson

NEW YORK, Oct 1 (Reuters) - U.S.-listed shares of overseas companies fell on Wednesday as global lending remained tight and investors waited anxiously for the U.S. Senate to vote on a revamped financial sector rescue plan.

A day after Wall Street recorded its best day in six years, investors were hedging their bets about whether the $700 billion rescue would make it through the Senate vote and whether it would prove sufficient to stabilize world markets.

The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) .BKADR was down 2 percent when The 30-share Dow Jones industrial average .DJI shed 1.6 percent.

Bank shares, which rallied a day earlier, were under renewed pressure on Wednesday, with Deutsche Bank (DB.N) down 5.5 percent and Brazil's Banco Bradesco (BBD.N) off 4.5 percent. Both trade on the New York Stock Exchange.

Energy companies also slipped as oil prices retreated. Petroleo Brasil (PBR.N) ADRs fell 4.8 percent and New York-traded shares of France's Total (TOT.N) shed 3.4 percent.

The Bank of New York Mellon's index of leading European ADRs .BKEUR was fell 1.9 percent, even as the FTSEurofirst 300 .FTEU3 index of top European shares edged up 0.2 percent.

Hopes that the revamped U.S. rescue package and a deal for Lloyds TSB (LLOY.L) to take over HBOS HBOS.L would both win approval lifted sentiment and limited European share losses.

Receipts with the Bank of New York Mellon's index of leading Latin American ADRs .BKLA fell 4.4 percent, in concert with declines in Brazil's Bovespa index .BVSP, down 2.7 percent, and Mexico's IPC index .MXX, off 1.5 percent.

The Bank of New York Mellon's index of leading Asian ADRs .BKAS fell 1.9 percent.

(Editing by Kenneth Barry)