NEW YORK ( Karvy) -- Here are the winners and losers among emerging-market stocks the past week.

China: Winners and Losers

Qiao Xing Mobile Communication ( QXM) emerged a major gainer last week, adding 30%. Parent company Qiao Xing Universal Resources ( XING) revealed that its board has authorized the purchase QXM's outstanding shares in exchange for 1.9 shares of XING's common stock plus 80 cents in cash for each minority share. AsiaInfo-Linkage ( ASIA) gained 16.8% on surging volumes. Zacks Investment Research reaffirmed a neutral rating on the stock.

The9 ( NCTY) zoomed higher by 16.5%. The company has established a $100 million fund to finance mobile game development, focusing on investments in both Chinese and external developers. The fund has been formed in partnership with three China-based investment firms. Sinopec Shanghai Petrochemical ( SHI) jumped 16.2%.

China Housing & Land Development ( CHLN) climbed 15.3% after Zacks included the stock in its four powerful "buy" stocks. The research firm upgraded CHLN to outperform from an earlier rating of neutral. China Nepstar Chain Drugstore ( NPD) notched up a 14.9% gain, benefiting from rising volumes.

China Architectural Engineering ( CAEID) was the major loser, plunging 75%. China Green Agriculture ( CGA) plummeted 18.6% after J Capital Research published a research report stating that the stock is worth less than a third of its price. Further, the report adds that the company has overstated its actual earnings and revenue. The report refuted the company's claim that it makes humic acid through a valuable proprietary process, instead saying that CGA uses an easily replicable process.

China Natural Resources ( CHNR) and New Oriental Energy & Chemical ( NOEC) fell 13.4% and 9.4%, respectively.

Major agriculture stocks like Zhongpin ( HOGS) and AgFeed ( FEED) declined 6.9% and 5.1%, respectively.

India: Winners and Losers

Syntel ( SYNT) topped the gainers' list last week, accumulating 13.3% after William Blair upgraded the stock to outperform from market perform. Meanwhile, Deutsche Bank raised its rating on Syntel to buy from hold, adding a further 15% upside. The bank expects Syntel to announce strong fourth-quarter results. Rediff.com ( REDF) held on to its second position, increasing 5.3% on unusually high trading volume.

Cognizant Technology Solutions ( CTSH) rose 2.5%. Last week, UBS raised the company's price target to $86 from $71. Sify Technologies ( SIFY) rose 2.2%. The company is currently is reworking its travel business model SifyTripz.

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