Emerging Market ADRs: Winners and Losers
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.
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