ADRs in Focus: Emerging Markets

Tracking Wall Street's tepid performance, the Bank of New York Emerging Markets ADR Index, which is comprised of Chinese, Indian, Brazilian and other stocks traded on U.S. exchanges, gained 1.70 points to 360.84. ADRs, or American Depositary Receipts, are securities that allow U.S. investors to trade shares of companies based overseas.

China's Perfect World gained $2.65, or 10.4 percent, to $28.11. On Monday the online gaming company said the launch of some game-expansion packs helped it turn a profit in the fourth quarter and beat Wall Street's estimates. The company also said first-quarter revenue will likely beat the Street's projections.

China Finance Online Co. Ltd. increased 30 cents to $16.54.

Patni Computer Systems Ltd., based in India, put on 20 cents to $13.03.

Infosys Technologies Ltd., also based in India, rose 44 cents to $41.94.

Netease.com Inc., a Chinese company that runs interactive and wireless communities, added 17 cents to $20.98.

And India's Satyam Computer Services Ltd. gained 47 cents to $26.30.

Bucking the trend, Chinese search engine Baidu.com Inc. fell $3.90 to $240.49, continuing a downward pattern that started late last year.

The Bank of New York Composite ADR Index gained 1.18 points to 175.57 as the U.S. markets rose in afternoon trading.