Wednesday's Asia ADR Recap: Tata Motors

Infosys Technologies (INFY Quote), a Bangalore-based information technology company, announced it has inked a global agreement with Spanish banking giant Banco Bilbao Vizcaya Argentaria SA (BBV Quote) to implement Infosys' Finacle Universal Banking Solution. Banco Bilbao said it will start using the Finacle core banking, CRM, treasury and wealth management solutions at its location in Paraguay. Shares of Infosys jumped 2.5% to $44.39.

Indian global business process outsourcing (BPO) services provider WNS (WNS Quote) announced it has formed a strategic partnership with Toronto-based Exchange Solutions to develop turnkey solutions to improve buyer-seller collaborations and to increase customer acquisition and profitability. Shares of WNS move up by 4% to $17.96.

Leading the gainers list among Indian ADRs Wednesday were Satyam Computer (SAY Quote), which popped 2.4% to $26.48; Tata Communications (TCL Quote), which gained 1.8% to $24.14; and Wipro (WIT Quote), which added 1.7% to $13.51.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

Stocks in mainland China roared higher Wednesday on speculation the government is close to introducing stock index futures. Fan Fuchun, vice chairman of the China Securities Regulatory Commission, said the preparation to launch stock index futures trading is proceeding smoothly and government officials were basically ready. The Shanghai Composite Index surged 83.62 points, or 2.48%, to 3,459.03.

"The market is expecting the government to do something," said Zhang Yang, strategist at Oriental Securities. "Many stocks, such as banks and properties, are already very cheap, so such expectations can easily prompt rebounds."