Suntech Power Holdings
rallied 6.2% higher after the company upgraded its outlook in light of the recent events in Japan. From the earlier estimate of 270 megawatts, the company now expects to reach 450 megawatts of component shipments for utility and power applications by 2013.
American Oriental Bioengineering
headed the losers' list, falling 26.2% last week.
China Sky One Medical
slumped 24.9% after it reported a 10.2% drop in its fourth-quarter revenue following the termination of business relationships with a domestic distributor and an overseas sales agent in the third quarter.
China Shen Zhou Mining & Resources
plunged 23.3% and 17.5%, respectively. Meanwhile, airline stocks face a major slowdown in the short term on mounting flight cancellations to Japan over fears of radiation contamination.
China Southern Airlines
China Eastern Airlines
were down 14.3% and 13.0%, respectively.
Among other stocks, software names
declined 11% and
India: Winners and Losers
led the advancers' list with gains of 6.9%. The company recently entered into a partnership with
, the largest telecom provider in the Middle East and North Africa region (MENA).
followed, rising 2.5%. During the past week, Star Alliance appointed WNS as preferred vendor to perform audit and revenue protection services for its member airlines. WNS will provide its Web-based service VerifareTM.
rose 0.4% each last week, while
edged 0.3% higher.
was at the helm of the losers, dropping 6.4% during the past week.
erased 4.4%. Last week, the company recalled more than 200 employees from Japan, affirming at the same time that it will not shut down its operations there.
lost 3.5% last week. The company said that it would take the company and the industry another year to return to the prerecession 40% annual revenue growth levels. Growth is likely to arise from sectors like health care, pharmaceuticals, utilities and retail.
declined 3.4% during the past week.