By Mia Lamar
International companies trading in New York closed lower Monday,
dragged down by heavy losses for European bank shares.
The Bank of New York index of ADRs fell 0.9% to 134.76. Bank
shares in Europe were rocked by comments from euro-zone finance
minister head Jeroen Dijsselbloem, who said the bailout deal given
to Cyprus could serve as a template to resolve any future problems
with the region's banks.
Shares of Spain's Banco Santander (SAN, SAN.MC) fell 4% to
$7.03, France's Societe Generale (SGCLY, GLE.FR) fell 7.8% to $6.55
and Germany's Barclays PLC (BCS, BARC.LN) shed 3.6% to $17.27.
The European index fell 1.1% to 127.01, easily the session's
biggest decliner.
Companies outside Europe's core also suffered some of the
biggest declines, such as debt-heavy Italian utility Telecom Italia
SpA (TI, TIT.MI), which closed down 4.3% at $7.66.
The Asian index fell 0.4% to 135.59.
Shares of Chinese fabless semiconductor company RDA
Microelectronics Inc. (RDA) slumped 4.2% to $11.13 after the
company late Friday said it and certain shareholders plan to sell
8.4 million of its American depositary shares, representing 50.1
million ordinary shares. The company had 278.6 million ordinary
shares outstanding at the end of 2012.
The Latin American index fell 0.6% to 320.07 and the
emerging-markets index shed 0.3% to 277.69.
South African gold-mining companies slipped along with the price
of gold. Drdgold Ltd.'s (DRD, DRD.JO) stock ended down 2.5% at
$7.49 and AngloGold Ashanti Ltd. (AU, ANG.JO) fell 0.8% to $23.72.
Gold prices at one point Monday slumped below the closely watched
$1,600 level.
Write to Mia Lamar at mia.lamar@dowjones.com