| NEW YORK, March 27
NEW YORK, March 27 U.S.-listed shares of
overseas companies fell on Wednesday, driven by declines in
European shares as fears of a run on Cypriot banks when they
reopen on Thursday kept worries about the euro zone high.
Weak demand at an Italian debt auction also fueled euro zone
U.S.-listed Italian shares were among the weakest
performers, including shares of Eni, which dropped 2.2
percent to $45.18 in New York, and shares of Telecom Italia
, which fell 2.8 percent to $7.05.
Among French ADRs, shares of Total were down 1.2
percent to $48.19 and shares of France Telecom were down
3.5 percent to $10.13.
Banks in the region were also mostly weaker. Shares of
Deutsche Bank fell 3 percent to $39.07, while shares of
Royal Bank of Scotland Group declined 3.6 percent to
$8.37. Shares of ING were down 1.9 percent to $7.23.
Latin American and Asian ADRs did not follow the same trend,
ending higher for the day, and the U.S.'s Standard & Poor's 500
index finished down just 0.1 percent after paring
most earlier losses.
The BNY Mellon index of leading American depositary receipts
ended down 0.4 percent, while the BNY Mellon index of
leading European ADRs dropped 0.8 percent.
The BNY Mellon index of leading Asian ADRs was up
0.3 percent, while the BNY Mellon index of leading Latin
American ADRs was up 0.5 percent.