NEW YORK (TheStreet) -- Emerging-market indices eroded a significant portion of their value at the end of the past week, primarily due to a drop in commodity prices and growing speculations of interest rate increases by central banks. China's Shanghai Composite Index, eroded 3.3%, followed by India's Nifty and Brazil's Bovespa, declining 2.4% and 1.4%, respectively. On the flip side, the Dow Jones and S&P 500 closed 2.4% and 2.% higher as the Federal Reserve left rates unchanged to stimulate growth.
China: Winners and Losers
Ku6 Media (KUTV) was the top gainer last week, jumping 39.6% after shareholders of Pipi.cn, a leading P2P Internet video platform in China agreed to sell all its shares to Ku6 in exchange of 2,212,114,257 Ku6 ordinary shares. Following the list was, Feihe International (ADY) which escalated 19.2%.
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