NEW YORK (
TheStreet) -- India's Nifty and a few emerging market ADRs outperformed global indices last week. The
Dow Jones rose 0.7%, while the
S&P 500 inched up 0.3%. The
Shanghai Composite Index declined 2.8%, Brazil's
Bovespa dipped 0.5%, while India's
Nifty edged up 1.5%.
China: Winners and Losers
China Technology Development
(CTDC) advanced 36% on reports that its wholly-owned subsidiary
Linsun Power Technology will supply 1.55 mega watt transparent multi-crystalline modules for two on-grid solar power plants in Italy. The power plants based at Molfetta and Verona in Italy are expected to become operational in January 2011.
Guangzhou Global Telecom,
Fuwei Films Holdings
China Shen Zhou Mining
(SHZ) were notable gainers, jumping 33%, 26% and 17%, respectively during the last one week.
, a pharmaceutical company, delivered 9% returns after signing 14 new customers for its bulk additives probiotics products. Among them, one is an animal feed manufacturer, five are functional food and pharmaceutical producers, and the remaining eight are dairy companies.
China Digital TV Holding
Melco Crown Entertainment
jumped 10%, 8%, and 8%, respectively.
were the biggest losers, down 14% and 9%, respectively.
(BIDU - Get Report)
declined 8.5% past week on the forecast of slower growth in the upcoming year. A senior executive of Baidu expects top-line and bottom-line to moderate during 2011.
Other notable losers were
China Transinfo Technology
, declining 8.7%, 8%, and 7.7%, respectively.
China Fire & Security Group
, engaged primarily in the manufacture of fire-safety products, lost 5.5% after
Zacks Investment Research
downgraded the stock. In a research note released to clients and investors, Zacks downgraded the company's rating from "neutral" to "underperform".
India: Winners and Losers
, owner of Jaguar Land Rover, gained 6.2% on upbeat global sales of 79,959 units in November 2010, up 6% during the same month last year. Besides,
Tata Motors Finance
, its captive vehicle financing arm, plans to boost sagging sales of the Nano, world's cheapest car, by providing credit to customers.
Technology majors have been other gainers.
Cognizant Tech Solutions
(WIT - Get Report)
scaled up 5.7%, 3%, and 2.3%, respectively in the last one week.
, a non-ferrous metals and mining company, closed gaining 1.2% on news that the company is seeking a copper fee jump. On the growing demand for copper , Sterlite and
are seeking a 76% increase in treatment and refining fees and are mulling a plan to ask mining companies like
Freeport-McMoRan Copper & Gold
(FCX - Get Report)
to pay $82 per ton for smelting during 2011, compared with $46.5 this year, as per industry reports.