ADR Report-ADRs edge down; weakness in tech sector weighs

By Caroline Valetkevitch

NEW YORK, Feb 7 (Reuters) - U.S.-listed shares of overseas companies slipped on Thursday, partly on weakness in the technology sector after disappointing outlooks.

The Bank of New York's index of leading American Depositary Receipts (ADRs) .BKADR was down 0.5 percent while the 30-share Dow Jones industrial average .DJI was up 0.33 percent in choppy trading.

German chip-maker Infineon Technologies AG (IFX.N: Quote, Profile, Research) reported weak first-quarter results and disappointed investors with its outlook. Infineon shares dropped 13.5 percent to $8.24 in New York.

After Wednesday's close in the United States, U.S. technology bellwether Cisco Systems Inc (CSCO.O: Quote, Profile, Research), a network equipment maker, warned about slowing orders, and the stock contributed to pressure on U.S. equities on Thursday.

Shares of Japan's TDK Corp (TDK.N: Quote, Profile, Research), an electronics components maker, were down 1.9 percent at $65.41, while shares of India's Satyam Computer Services Ltd (SAY.N: Quote, Profile, Research) dipped 0.4 percent to $23.62.

The Bank of New York's index of leading European ADRs .BKEUR was down 1.5 percent. In Europe, shares were lower, with the FTSEurofirst 300 index closing down 1.9 percent.

The Bank of New York's index of leading Asian ADRs .BKAS was down 0.06 percent. In Asia, shares ended mixed, with Japan's benchmark Nikkei average .N225 up 0.8 percent.

Receipts with the Bank of New York's index of leading Latin American ADRs .BKLA were up 0.5 percent. In Latin America, major benchmarks were mixed, with Mexico's benchmark IPC stock index .MXX down 0.5 percent.

Among Mexican ADR decliners were leading cell phone provider America Movil (AMX.N: Quote, Profile, Research), down 1.4 percent at $57.12. (Editing by Leslie Adler)