Overseas-related exchange-traded funds were among the best performers of the week as Asia's markets hurdled higher.
During the five sessions, Hong Kong's Hang Seng soared 14%, China's Shanghai Composite surged 9.7% to an all-time high, and Japan's Nikkei 225 Index jumped 6.4%. The iShares FTSE/Xinhua China 25 Index (FXI Quote) jumped 15.4% at $143.55. The SPDR S&P China (GXC Quote) ETF added 15.2% to close at $74.82. The SPDR S&P Emerging Markets (GMM Quote) finished up 8.6% to $66.78. The iShares MSCI South Korea Index (EWY Quote) gained 6% to $62. Basic materials-related bundled securities were also strong. Among individual stocks, Nucor (NUE Quote), Freeport-McMoRan (FCX Quote), and Alcoa (AA Quote) climbed more than 10%. The Ultra Basic Materials ProShares (UYM Quote) ETF rose 13.3% to $82.43. The iShares Dow Jones U.S. Basic Materials (IYM Quote) ETF added 6.4% to close at $68.05. The Materials Select Sector SPDR (XLB Quote) ETF climbed 6.7% to $39.36. REIT-related ETFs also finished the week with gains, as the recent turmoil in the credit markets eased somewhat. The Ultra Real Estate ProShares (URE Quote) ETF advanced 5% to $44.25. The Vanguard REIT Index (VNQ Quote) ETF rose 1.9% to $68.91. The iShares FTSE NAREIT Mortgage REITs (REM Quote) finished up 1.2% for the week to $31.52. On the other hand, regional bank ETFs lost ground. The KBW Regional Banking (KRE Quote) ETF eased 1.4% to close at $45.70. The Regional Bank HOLDRs (RKH Quote) ETF fell 0.6% to $151.67. The iShares Dow Jones U.S. Regional Banks (IAT Quote) dipped 0.4% over the five sessions to end at $47.60.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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