NEW YORK ( TheStreet) -- Emerging market indices experienced pressure last week over eurozone sovereign debt concerns and the threat of a downgrade on U.S. debt. Extending prior week's losses, Brazil's Bovespa emerged top loser, declining 3.3%. Brazil recorded net outflows of $72 million at close last week. Meanwhile, China's benchmark Shanghai Composite Index was the only gainer with a marginal 0.4% increase. India's Nifty nudged 0.7% lower.With the federal government announcing the quantitative easing program, the S&P 500 and the Dow Jones shed a significant 2.1% and 1.4%, respectively. Meanwhile, Moody's Investors Service has placed the U.S. Aaa rating on review for a possible downgrade.
Emerging-Market ADRs: Performance Review
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