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. For the week ended July 13, according to data compiled by international fund tracking firm EPFR, long-only dedicated emerging-market equity funds accounted for net inflows of $878 million, while the broader global emerging market funds had net inflows of $1.02 billion. India's Nifty closed the week with only five gainers. Among technology stocks, Infosys ( INFY - Get Report) was the top decliner, shedding 8.7%, while Wipro ( WIT - Get Report) erased 6% and Syntel ( SYNT) fell 4.4%. As known last week, India's June car sales grew at the slowest pace, and Tata Motors ( TTM) dropped 4.4%. On the Shanghai Composite Index, stocks from the real estate and homebuilders industry eroded significant value after a report cited that China's real estate sector could be affected by Beijing's efforts to cool the overheated property market. Stocks like, E-House (China) Holdings ( EJ), China Housing & Land Development ( CHLN) and Xinyuan Real Estate ( XIN - Get Report) wiped out 16.1%, 12.7% and 6.8%, respectively. With the Bovespa as the top loser among emerging market indices, there were only five gainers in the Brazilian market. Airline stocks, Gol Linhas Aereas Inteligentes ( GOL) was among the top decliner, plunging 12.1% followed by TAM ( TAM) with a 2.1% drop. Banking stocks Itau Unibanco Holding ( ITUB) and Banco Bradesco ( BBD) slumped 9.3% and 7.6%, respectively. Below, the stocks are stacked based on last week's gains, least to highest.