Emerging Market ADRs Seen Outperforming
NEW YORK (TheStreet) -- Shanghai Composite Index has gained 2.5% during the last one week after the government revealed that it will keep its policy stable, easing down possible credit tightening fears and ensuring a faster economic growth than the first half of the year. Other gainers include Brazil's Bovespa, up 1.8%, S&P 500, up 0.7% and Dow Jones, adding 1.4%. The only index trading in the negative territory was India's Nifty Index, declining 1.6%.
Few emerging market ADRs have outperformed both domestic and foreign bourses. Among China ADR gainers, HSW International (HSWI) escalated 56.7% during the past one week. The company closed at its 52-week high in Thursday's trading session. Fuwei Films Holdings (FFHL) was up 28.2% after the company announced last week the launch of its new dry film product, which has high global demand and is being manufactured by only two major manufacturers in the Chinese BOPET (plastic films) industry.
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