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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) 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) 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,
Origin Agritech(SEED - Get Report) and
China Precision Steel(CPSL) plummeted 12.6%, 11.7% and 10%, respectively.
India: Winners and LosersSify Technologies(SIFY) 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.