NEW YORK (TheStreet) -- Markets across the world have been in doldrums this week driven by the euro-zone debt crisis and uncertainty over trading errors in the U.S. As on close Thursday, the S&P 500 was down 6.5%, Dow Jones was down 5.8%, China's Shanghai Composite lost 6.3%, India's Nifty is down 4.9% while Brazil's Bovespa is down 6.7%.
While stocks across sectors and geographies have been on a decline, four emerging market ADRs, surprisingly, have generated positive returns this week.
Spreadtrum Communications (SPRD), a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market in China, has gained 7.9% during the past one week and is currently trading at $7.27.
With no fundamental news flow on the stock this week, this price rise can be attributed to technical factors. Average trading volumes this week was 811,692 shares, more than double the 1-year average of 331,624 shares. During the last month, Bank of America (BAC), Merrill Lynch, HSBC (HBC) and Auriga have rated the stock a buy with price targets of $8.0, $8.5 and $8.0, respectively.Deswell Industries (DSWL), a Chinese manufacturer of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for OEMs and contract manufacturers, has gained 3.3% last week and is currently trading at $4.88. Average volumes are up 50% at 36,649 shares this week compared to the one-year average of 24,267. Ninetowns Internet Technology (NINE), a software company that enables enterprises and trade-related People's Republic of China government agencies to streamline the import/export process in China, has gained 3.0% in the past one week and is currently trading at $1.69.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV