NEW YORK (TheStreet) -- It has been a positive week for global markets. Although the eurozone crisis has yet to be averted, news of BP (BP) setting aside $20 billion in an escrow account cheered the markets and offset disappointing housing and jobless claims data.
During the past week, the S&P 500 gained 2.7% while the Dow Jones Industrial Average increased 2.6%. The Shanghai Composite Index rose 1.3%, India's Nifty index was up 3.4% and Brazil's Bovespa gained 2.4%.
A host of emerging market American depositary receipts outperformed the markets, both domestic and foreign. Major gainers include VisionChina Media (VISN), which rose 21.3%. The company is engaged in operating out-of-home advertising networks using real-time mobile digital television broadcasts. Last week, JPMorgan assigned a neutral rating to the stock with price target of $4.10, implying a 31% upside over current levels.
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