NEW YORK ( TheStreet) -- India's Nifty gained 1.5% last week, while Brazil's Bovespa and the Shanghai Composite Index lost 2.5% and 0.2%, respectively. Meanwhile, the Dow Jones rose 1.2%, while the S&P 500 edged 0.03% lower.
China: Winners and Losers
New Dragon Asia (NWD) emerged as the top gainer last week, up 70.6%. China Metro Rural Holdings (CNR) and China Shenghuo Pharmaceutical Holdings (Shenghuo) (KUN) followed, increasing 43.3% and 17.7%, respectively.
China Unicom (Hong Kong) (CHU - Get Report) rose 7% last week after its 3G users topped 14.06 million, as of Dec. 31, 2010. Users grew 15% from the earlier month, surpassing the company's own set target of 10 million users. Meanwhile, LDK Solar (LDK) advanced 6.8% after the company raised its guidance for the fourth quarter on the optimism of a brighter outlook for the solar industry.Yingli Green Energy Holdings (YGE - Get Report) gained 6.7%. The company recently announced becoming the official premium partner of FC Bayern Munchen, one of the most successful and popular football clubs in the world. China Nepstar Chain Drugstore (NPD - Get Report) rose 4.5% after announcing a special cash dividend of 30 cents per ADR, representing a total value of $31 million payable on Feb. 28, 2011. China Telecom (CHA - Get Report) rose 3.5%, buoyed by a 34.43 million increase in CDMA users to 90.52 million during 2010. In 2011, China Telecom will provide more subsidies for 3G smart phones and plans to launch a marketing partnership with mobile phone manufacturers. China Shen Zhou Mining & Resources (SHZ - Get Report) headed the losers' list, dropping 28.5%. AgFeed (FEED) fell 19.4% as inflation fears gripped China's markets. China Southern Airlines (ZNH) slipped 13.5% on the concern that the industry's earnings growth will be affected as snowstorms spur flight cancelations. Among other losers, Agria (GRO), Origin Agritech (SEED - Get Report) and China Precision Steel (CPSL) plummeted 12.6%, 11.7% and 10%, respectively. India: Winners and Losers Sify Technologies (SIFY - Get Report) emerged as a major gainer last week, after posting a 76% increase in its third-quarter EBITDA, to $2.1 million, on a total operating revenue of $38.72 million. Meanwhile, the company's hosting business grew 26.4% during the quarter, compared to the year-ago quarter. Rediff.com (REDF) followed, up 11%. Rediff is scheduled to report its third-quarter financial results ending Dec. 31, 2010 on Jan. 25, 2011. Patni Computer Systems (PTI) gained 2.4%. Last week, UBS Securities said it is positive on Patni, a mid-cap information technology company, considering that in 2011, investors will likely shift focus from large-cap IT companies to mid caps. Finally, ICICI Bank (IBN) edged up by a marginal 0.8%. Edelweiss Capital believes that investors should stay invested in private sector banks like ICICI for longer-term benefits.