| NEW YORK
NEW YORK Feb 7 U.S.-listed shares of foreign
companies dropped more than 1 percent on Thursday, with Europe
once again leading the way on concerns over the region's
Europe has pressured stocks throughout the week, with
political tensions and concerns over sovereign debt pushing
investors to take profits following recent strong performance by
Shares in Europe fell to 2013 closing lows after Mario
Draghi, the head of the European Central Bank, said economic
weakness would continue to afflict the region in the early part
The BNY Mellon index of leading European ADRs fell
1.5 percent, outpacing the 1.2 percent drop in the broader BNY
Mellon index of leading American depositary receipts.
The S&P 500 fell 0.6 percent.
European banks were among the hardest hit as the group is
closely tied to the economic growth outlook. Deutsche Bank
fell 2.9 percent to $49.04 while HSBC Holding Plc
fell 1.4 percent to $55.17.
The BNY Mellon index of leading Asian ADRs fell 0.8
percent. Shares in Shanghai fell 0.7 percent, ending an
eight-day winning streak.
Sony Corp was among the most active Asian ADRs,
dropping 4 percent after giving an outlook that forecast weaker
demand for its televisions, game consoles and other devices.
On the upside, NetEase Inc climbed 7.9 percent to
$49.23 after its fourth-quarter results.
The BNY Mellon index of leading Latin American ADRs
lost 0.7 percent, weighed down by a 1.3 percent drop in
Petrobras to $16.29.