ADR Repgrt-Bank shares rally led by UBS

NEW YORK, April 1 (Reuters) - U.S.-listed shares of foreign companies rose to the highest in a month on Tuesday, led by the bank sector, on speculation the credit crisis is nearing an end.

The rally began after UBS AG doubled its writedowns to $19 billion and said it was seeking more capital through a rights issue, feeding a view that the worst must be over for the bank sector.

The Bank of New York's index of leading American Depositary Receipts (ADRs) .BKADR was up 2.9 percent to 173.29, while the 30-share Dow Jones industrial average .DJI rose 2.7 percent to 12,595.58.

The New York Stock Exchange-listed shares of UBS (UBS.N: Quote, Profile, Research) spiked 14.5 percent to $33.05, while U.S.-listed shared of Barclays PLC (BCS.N: Quote, Profile, Research) rose 6.1 percent to $38.40 as investors found value in the financial sector, which has suffered since a credit crisis began eight months ago.

The Bank of New York's index of leading European ADRs .BKEUR was up 2.9 percent to 171.94. In Europe, the FTSEurofirst 300 climbed 3.2 percent to 1,302.47 on hopes the eye of the credit storm has passed.

The Bank of New York's index of leading Asian ADRs .BKAS rose 3.3 percent to 150.03. Tokyo's Nikkei index .N225 closed 1 percent higher to 12,656.42.

Receipts with the Bank of New York's index of leading Latin American ADRs .BKLA were up 2.5 percent to 426.74. In Latin America, Brazil's benchmark Bovespa index .BVSP rose 2.1 percent to 62,266.82. (Reporting by Kevin Plumberg; Editing by James Dalgleish)