ADR Report-Foreign shares weighed by weak European banks

By Angela Moon

NEW YORK, Nov 3 (Reuters) - Overseas shares traded in the United States dipped on Tuesday on concerning news from European banks that triggered a broad sell-off in U.S. and Europe.

The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) .BKADR dipped 0.4 percent while the U.S. benchmark S&P 500 index .SPX fell 0.1 percent.

European shares hit a one-month closing low on Tuesday after disappointing results from Swiss lender UBS (UBS.N) (UBSN.VX) and a move by Britain's Royal Bank of Scotland (RBS.N) (RBS.L) to join a government scheme hurt financials.

The FTSEurofirst 300 .FTEU3 index of top European shares ended 1.2 percent down at 968.93, the lowest close since early October.

The Bank of New York Mellon index of leading European ADRs .BKEUR was down 0.7 percent. New-York traded shares of UBS fell 4 percent to $16.11 and Royal Bank of Scotland shed 5.9 percent to $11.91.

Deutsche Bank ADRS (DB.N) fell 2.9 percent to $70.32 and Credit Suisse (CS.N) was also down 1.3 percent at $53.50.

The Bank of New York Mellon index of leading Asian ADRs .BKAS fell 0.5 percent. Shares of Asian banks also tumbled, with South Korea's Woori Finance (WF.N) falling nearly 4 percent to $39.59 and Mizuho Financial Group (MFG.N) down 1.2 percent at $4.00. Bellwether Toyota Motor (TM.N) shed 0.4 percent to $78.83.

Receipts with the Bank of New York Mellon index of leading Latin American ADRs .BKLA gained 1.3 percent thanks to gains from energy-related shares. Petroleo Brasil (PBR.N) gained 2.1 percent to $47.71. (Reporting by Angela Moon; Editing by James Dalgleish)