U.S. Listed Plays in Three Booming Emerging Markets

• By the tickerspy.com Staff
• On 10:21 am EDT, Tuesday September 15, 2009

After a flight to safety during the recession, investors are moving back in to emerging markets.

Investing in traditionally stable economies was risky enough during the recession, let alone buying into emerging markets. However, as the global economy gets back on its feet, investors' risk appetites are returning, and emerging markets plays are getting more and more attention.

Over the last month, the Russia Stocks and ADRs Index is up by 13%, ahead of all but one of tickerspy's 20 International Indexes. According to Bloomberg, Russia's Micex index is trading at three-month highs, and the country's oil exports recently surpassed Saudi Arabia's for the first time since the fall of the Soviet Union.

Russian steel giant Mechel (NYSE: MTL - News) and telecom play Vimpel Communications (NYSE: VIP - News) have led the one-month rally with respective gains of 41% and 27%. Surgutneftegaz (OTC: SGTPY - News) and Gazprom (OTC: OGZPY - News) have benefited from stabilizing oil prices, as the largely crude-tied economy recovers.

Satyam Computer Services (NYSE: SAY - News) and Icic Bank (NYSE: IBN - News) have led the India Stocks and ADRs Index over the last month with gains of more than 14%.

India's Sensex Index is now trading at 15-month highs according to Bloomberg, which noted Sterlite Industries (NYSE: SLT - News) as a top performer.

Meanwhile, fears surrounding the potential for a U.S.-China trade war have subsided after leaders from both countries vowed to avoid confrontation, says Reuters.

Home Inns & Hotels (NASDAQ: HMIN - News), CDC Software (NADSAQ: CDCS), and A-Power Energy Generation (NADSAQ: APWR) are leading the China Stocks and ADRs Index higher on the news.

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