ADR Report-Financials, Sony lift ADRs
By Kristina Cooke
NEW YORK, Feb 19 (Reuters) - U.S.-listed shares of overseas companies rose on Tuesday as financial institutions gained on a reassuring update from British bank Barclays and Japan's Sony Corp appeared to win a high-definition DVD format duel with Toshiba Corp.
Mining companies rose on higher copper prices while a jump in crude oil prices boosted energy companies.
The Bank of New York's index of leading American Depositary Receipts (ADRs) .BKADR was up 2.1 percent while the 30-share Dow Jones industrial average .DJI was up 0.6 percent.
The Bank of New York's index of leading European ADRs .BKEUR was up 1.9 percent. In Europe, shares ended flat as investors balanced a write-down at Swiss bank Credit Suisse with bullish comments from Barclays.
Barclays (BCS.N: Quote, Profile, Research) (BARC.L: Quote, Profile, Research) posted results that met expectations and gave upbeat comments on a conference call, sending its ADRs up 10.1 percent to $37.56.
U.S.-listed shares of some other European banks also rose, with Dutch ING Groep NV (ING.N: Quote, Profile, Research) (ING.AS: Quote, Profile, Research) up 6.9 percent to $32.10 and Britain's Lloyds TSB Group (LYG.N: Quote, Profile, Research) (LLOY.L: Quote, Profile, Research) up 7.6 percent to $33.92.
But Credit Suisse (CSGN.VX: Quote, Profile, Research) (CS.N: Quote, Profile, Research) ADRs fell 4.4 percent, on news it had written $2.85 billion off the value of its asset-backed investments and suspended some traders after finding pricing errors on its books.
U.S. shares of Sony Corp (6758.T: Quote, Profile, Research)(SNE.N: Quote, Profile, Research) rose 4 percent to $46.67 on optimism about sales of its PlayStation 3 video game consoles and Blu-ray DVD players after Toshiba Corp (6502.T: Quote, Profile, Research) pulled the plug on its rival HD DVD system. Continued...















