NEW YORK Dec 13 U.S.-listed shares of foreign
companies fell on Thursday as investors booked profits in Asian
companies that have outperformed the broader market in recent
Investors were worried that a recent rally in Japanese
stocks listed in the United States, especially exporters, might
have peaked as the Nikkei average surged above 9,700 for the
first time in eight months. A weaker yen has helped to boost the
earnings of Japan's top exporters, prompting analysts to warn of
a correction in the near term.
Despite the strong Japanese stock market, the BNY Mellon
index of leading Asian ADRs lost 0.2 percent. The
Japanese yen has fallen to a multi-month low on mounting
expectations of aggressive monetary easing by the Bank of Japan.
U.S.-listed shares of Toyota Motor, a bellwether for
ADRs, fell more than 1 percent to $85.88.
The BNY Mellon index of leading American depositary receipts
slipped 0.3 percent, while the Standard & Poor's 500
index fell 0.6 percent.
The BNY Mellon index of leading European ADRs fell
0.3 percent, weighed down by regional banks. Deutsche Bank AG
shares fell 2.5 percent to $43.45. National Bank of
Greece fell 2.2 percent to $1.78.
The BNY Mellon index of leading Latin American ADRs
fell 0.5 percent.