This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Emerging Market ADRs

Stocks in this article: ERJ ELP STP YGE TSL

NEW YORK ( TheStreet) -- Emerging market indices eroded significant value last week on relentless selling, fueled by Greece's growing debt concerns and slowing economic growth in Europe. This resulted in mixed performance in world markets.

India's Nifty slumped 4.0% to emerge top loser, China's Shanghai Composite Index followed, down 3.1%. Brazil's Bovespa shed 2.6%. Meanwhile, the S&P 500 and the Dow Jones snapped the prior week's losing streak and edged up 0.04% and 0.44%, respectively, driven by strong economic data that signaled a slow but steady recovery.

For the week ended June 15, according to data compiled by international fund tracking firm EPFR Global, investors withdrew $811 million from emerging-market equity funds, while U.S. equities attracted $9.8 billion inflow. Meanwhile, the MSCI Emerging Markets Index slipped 2.2% for the week ending June 18 with the technology index shedding the maximum.

Indian stock markets were the top losers in the emerging-market group. Syntel (SYNT) was the only gainer, up by a marginal 0.9%. India (REDF) was at the helm of losers with an 8.4% decline. Cognizant Technology Solutions (CTSH) and iGATE (IGTE) followed, erasing 7.3% and 7%, respectively.

On the Shanghai Composite Index, stocks from the electronic components and equipment space such as Harbin Electric (HRBN), A-Power Energy Generation Systems (APWR) and Fushi Copperweld (FSIN) were the biggest decliners last week, plunging 48.4%, 17.8% and 17.3%, respectively.

China's solar companies posted substantial gains last week after Google (GOOG) announced its biggest renewable energy investment of $280 million to finance as many as 9,000 installations by U.S. solar company SolarCity, benefitting solar companies across the globe. Also, Chinese banks announced midweek they are providing $10 billion in funding to Chinese companies toward construction of European solar projects. Additionally, GTM Research forecasts that global solar installations will rise from about 17,400 megawatts in 2010 to 20,900 megawatts in 2011. Most of these installations will take place in China, as per a report released by HSBC Research.

Meanwhile, top losers on Brazil's Bovespa index were Gafisa (GFA) and Braskem (BAK), relinquishing 9.2% and 6.9%, respectively. Communications stocks, Tele Norte Leste Participacoes (TNE), Brasil Telecom (BTM) and TIM Participacoes (TSU) lost 5.6%, 4.1% and 3.6%, respectively.

These stocks are stacked based on last week's gains, least to highest.

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs