NEW YORK ( TheStreet) -- The S&P 500 Index gained 2.2% during this week, in comparison to the gains of 2.2% for Brazil's Bovespa, 2% for Dow Jones Industrial Average and 1.3% for India's Nifty Index. The Shanghai Composite Index gained 0.8%, the least among all indices as the country's July manufacturing Purchasing Managers Index expanded at the slowest pace in 17 months to stand at 51.2.Few emerging market ADRs have outperformed both domestic and foreign bourses. Among China ADR gainers, Guangzhou Global Telecom (GZGT) escalated 25% during the past one week. Nam Tai Electronics (NTE) was up 17.3% after the maker of electronic goods announced that its second-quarter sales increased 12% year-over-year and earnings per share stood at 7 cents.
Emerging Market ADRs Outperform on Earnings
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