NEW YORK ( TheStreet) -- Global market indices ended in green last week, except India's Nifty, which eased 0.1%. Among other emerging market indices, the Shanghai Composite Index gained 3.3%, and Brazil's Bovespa advanced 0.7%. Other economic signals such as unemployment sliding to a 30-year low and consumer sentiment showing significant momentum pushed the Dow Jones and the S&P 500 1.5% and 1.4% higher, respectively.

China: Winners and Losers

China Precision Steel ( CPSL) lead the gainers' pack last week, rising 21.2%, after analysts said the stock is extremely undervalued and presents an attractive buying opportunity, citing the company's strong capacity and backlog and robust demand for its products. Semiconductor Manufacturing International ( SMI) surged 20.2% last week after analysts at HSBC upgraded the stock to neutral from underweight and raised the price target to $4.20 from the old target of $3.60.

Shanda Interactive Entertainment ( SNDA) gained 12.1% last week. TheStreetRatings upgraded Shanda from hold to buy, based on the company's strong fundamentals. Baidu ( BIDU) advanced 10.1%. The stock is looking upbeat after it posted impressive fourth quarter results and an optimistic first quarter outlook. A Bloomberg report says the company's growth potential is large, betting on the nearly three-fold growth expected in online advertising to almost $13 billion by 2014.

Origin Agritech ( SEED) and The9 ( NCTY) were up 8% and 6.8%, respectively. China's online game developer The9 recently acquired Vision 3D game R&D engine from Trinigy to support the development of a yet-to-be-named game product.

After Collins Stewart maintained a neutral rating and a $7 price target on the stock, JA Solar Holdings ( JASO) climbed 6.6% last week. Other solar stocks like Yingli Green Energy ( YGE) and Canadian Solar ( CSIQ) rose 2.6% and 2.1%, respectively.

For the second consecutive week, Xinhua Sports & Entertainment ( XSELD) headed the losers' list, slumping 93.3%. Internet stocks like eLong ( LONG) and HSW International ( HSWI) shed 15.9% and 13.3%, respectively. Analysts at Chinainvestor cautioned investors about investing in China's internet stocks because of their overbought situation.

Other notable losers were Perfect World ( PWRD) and LJ International ( JADE), down 6.5% and 6.3%, respectively.

India: Winners and Losers

Sify Technologies ( SIFY) topped the advancers' list with gains of 12.4% last week. The company's CFO said the government should consider removing service tax on consumer broadband in the 2011-12 budget. This will increase penetration rates in the household broadband segment.

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