NEW YORK Jan 11 U.S.-listed shares of foreign
companies were little changed on Friday, as strength in European
shares was offset by profit-taking in Asia.
Asian shares have rallied this week on signs of improved
growth in the region. An index of Asian American Depositary
Receipts notched gains of more than 1 percent on both
Wednesday and Thursday. That index was down 0.4 percent on
Some of the sectors that were strongest earlier this week
sold off on Friday. U.S.-listed shares of Aluminum China
, which jumped almost 7 percent on Thursday in its best
day since May, dropped 3.8 percent to $12.78 on Friday.
China Finance Online fell 0.7 percent to $1.47,
though it has soared 36 percent over the past two weeks.
Shares in Hong Kong fell 0.4 percent, ending a
winning streak after Chinese December inflation data came in
higher than expected.
The BNY Mellon index of leading American depositary receipts
was flat, with the weakness in Asia offset by a 0.3
percent rise in European ADRs. The S&P 500 fell
Europe's FTSEurofirst 300 index of top shares
closed down 0.2 percent, though ADRs remained higher on strength
in banking shares. Barclays Plc rose 1.2 percent to
$19.30 and HSBC Holding was up 0.8 percent at $54.87.
The BNY Mellon index of leading Latin American ADRs
fell 0.7 percent.
Among the most active foreign shares traded on U.S.
exchanges, India's Infosys gained 17 percent to $51.57
after raising its revenue forecast and posting a
In the mining space, Rio Tinto fell 2.3 percent to
$55.95 while BHP Billiton Ltd was off 2.6 percent at
BHP Billiton suspended offshore oilfield operations and Rio
Tinto shut down key iron ore export terminals as Cyclone Narelle
intensified off Australia's northwest coast.