Asian ADRs hit 2-week lows, China plays down

HONG KONG, June 26 (Reuters) Asian stocks listed on Wall Street <.bkas> slipped 0.3 percent to a two-week closing low, falling for a second straight session in line with U.S. peers as worries about the U.S. subprime mortgage market grew.

Bear Stearns , which last week bailed out a hedge fund it manages that is heavily invested in risky mortgage securities, may need to stump up more cash to rescue a second fund, a Merrill Lynch analyst said, raising concerns about fallout from the subprime market.

China plays were further pressured by a 3.7 percent drop in the mainland Chinese market on Monday as investors fretted about more government policies to cool the economy and market.

Yanzhou Coal dropped 5.4 percent.

MSCI's measure of Asia Pacific stocks excluding Japan <.msciapj> slid 0.6 percent on Monday, pulling back from a record high set Friday.

-- HEADLINES: >US STOCKS-Subprime mortgage worries drive indexes lower [.N] >News Corp, Dow Jones near editorial pact-sources [nN25291105] >Saudi Telecom to buy Malaysia's Maxis [nL25130980] >Honda denies talk of interest in Harley [nT235380] >India's ONGC Q4 net falls 13 pct, lags f'cast [nBOM77675] >Nintendo briefly outstrips Sony in market value [nT204643] >Australia Valad to buy UK property firm for A HONG KONG, June 26 (Reuters) Asian stocks listed on Wall Street <.bkas> slipped 0.3 percent to a two-week closing low, falling for a second straight session in line with U.S. peers as worries about the U.S. subprime mortgage market grew.

Bear Stearns , which last week bailed out a hedge fund it manages that is heavily invested in risky mortgage securities, may need to stump up more cash to rescue a second fund, a Merrill Lynch analyst said, raising concerns about fallout from the subprime market.

China plays were further pressured by a 3.7 percent drop in the mainland Chinese market on Monday as investors fretted about more government policies to cool the economy and market.

Yanzhou Coal dropped 5.4 percent.

MSCI's measure of Asia Pacific stocks excluding Japan <.msciapj> slid 0.6 percent on Monday, pulling back from a record high set Friday.

-- HEADLINES: >US STOCKS-Subprime mortgage worries drive indexes lower [.N] >News Corp, Dow Jones near editorial pact-sources [nN25291105] >Saudi Telecom to buy Malaysia's Maxis [nL25130980] >Honda denies talk of interest in Harley [nT235380] >India's ONGC Q4 net falls 13 pct, lags f'cast [nBOM77675] >Nintendo briefly outstrips Sony in market value [nT204643] >Australia Valad to buy UK property firm for A$2 bn[nSYD136002] >Sprint using Qualcomm patch to workaround ITC ban [nN25313580] >Infineon to buy TI's home DSL broadband unit [nN25314962] >China's Sinopec falls after chairman's surprise ex[nHKG297153] >Dollar falls vs yen as U.S. stocks weaken [nN25586371] >Oil rises as US refinery woes spur supply worries [nSP140932] >ADR Report-ADRs fall as subprime woes return [ADR/] -- KEY INDEXES pct change Bank of New York Asia ADR index <.bkas> -0.29 Dow Jones Industrial Average <.dji> -0.06 Nasdaq Composite Index <.ixic> -0.46 MSCI Asia Pacific ex-Japan <.msciapj> -0.56 Nikkei futures in Chicago 18,040 Nikkei futures in Osaka 18,100 -- ASIAN ADR ACTION: 5 most actively traded: price change/pct TSMC +0.09 ICICI Bank -2.40 UMC -2.55 Siliconware -3.59 BHP Billiton -0.96 -- Top 5 performers: price change/pct Macronix +7.21 Genetic Tech +2.86 Novogen +2.44 Webzen +1.94 NEC Corp. +1.80 -- Bottom 5 performers: price change/pct Yanzhou Coal -5.37 China Southern -3.79 Siliconware -3.59 Shanghai Pechem -3.30 Lihir Gold -2.95 -- TOP ASIA EVENTS: For more Asian company earnings, see [ASIA/EQTY] JAPAN - May Corporate Services Price index - Shareholders meeting: JAL HONG KONG - May external trade figures REUTERS SRS BST0445 bn[nSYD136002] >Sprint using Qualcomm patch to workaround ITC ban [nN25313580] >Infineon to buy TI's home DSL broadband unit [nN25314962] >China's Sinopec falls after chairman's surprise ex[nHKG297153] >Dollar falls vs yen as U.S. stocks weaken [nN25586371] >Oil rises as US refinery woes spur supply worries [nSP140932] >ADR Report-ADRs fall as subprime woes return [ADR/] -- KEY INDEXES pct change Bank of New York Asia ADR index <.bkas> -0.29 Dow Jones Industrial Average <.dji> -0.06 Nasdaq Composite Index <.ixic> -0.46 MSCI Asia Pacific ex-Japan <.msciapj> -0.56 Nikkei futures in Chicago 18,040 Nikkei futures in Osaka 18,100 -- ASIAN ADR ACTION: 5 most actively traded: price change/pct TSMC +0.09 ICICI Bank -2.40 UMC -2.55 Siliconware -3.59 BHP Billiton -0.96 -- Top 5 performers: price change/pct Macronix +7.21 Genetic Tech +2.86 Novogen +2.44 Webzen +1.94 NEC Corp. +1.80 -- Bottom 5 performers: price change/pct Yanzhou Coal -5.37 China Southern -3.79 Siliconware -3.59 Shanghai Pechem -3.30 Lihir Gold -2.95 -- TOP ASIA EVENTS: For more Asian company earnings, see [ASIA/EQTY] JAPAN - May Corporate Services Price index - Shareholders meeting: JAL HONG KONG - May external trade figures REUTERS SRS BST0445