NEW YORK ( TheStreet) -- During the past one month, the U.S. blue-chip indices S&P 500 Index and Dow Jones relinquished 2% and 1.6% respectively, amid renewed European debt crisis and the downgrade of U.S. debt rating. Among emerging markets, India's Nifty retreated 7.8%, while China's Shanghai Composite eroded 6.9%, and Brazil's Bovespa wiped out 5.6% during the past one month.Data compiled by EPFR show that for the first time in two months, in the third week of May, emerging markets' equity funds narrowed $1.64 billion, accounting for a major portion of the global equity funds outflow of $7.07 billion. To date, foreign institutional investors offloaded $1.6 billion as compared to $2.1 billion in May 2010.
Top 10 Emerging-Market Stocks: Past Month
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