Overseas-related exchange-traded funds were among the best performers Monday, as Asia indices jumped overnight.
Hong Kong's Hang Seng Index jumped 2.9%, and China's CSI 300 Index tacked on 0.5%. Other indices in Taiwan, South Korea and India finished higher as well.
SPDR S&P China
was adding $3.56, or 4.8%, to $78.44. The
PowerShares Golden Dragon Halter USX China
was higher by 99 cents, or 3.8%, to $27.37. The
iShares FTSE/Xinhua China 25 Index
was higher by $5.99, or 4.2%, to $149.63. The
PowerShares Dynamic Asia Pacific
was up 30 cents, or 1.2%, to $26.55.
On the other hand, homebuilders and real estate ETFs were suffering after the latest data on the health of the housing sector. Shortly after the opening bell, the National Association of Realtors said existing-home sales dipped 0.2% to 5.75 million annualized units in July, but still came in higher than expectations. Still, it was the lowest level since November 2002. Meanwhile, inventories of unsold homes rose 5.1%, a 9.6-month supply.
Ultra Real Estate ProShares
gave back 94 cents, or 2.1%, to $43.31. The
iShares FTSE NAREIT Mortgage REITs
was off 90 cents, or 2.9%, to $30.62. The
Vanguard REIT Index
ETF was down 81 cents, or 1.2%, to $68.36.
Among homebuilders, the
iShares Dow Jones U.S. Home Construction
was down 50 cents, or 2%, to $24. The
SPDR S&P Homebuilders
gave back 44 cents, or 1.8%, to $24.74.
Bundled securities tracking utilities were also on the losing side Monday. Among individual names,
were all falling 2% or more.
Ultra Utilities ProShares
was falling $3.03, or 3.9%, to $75.34. The
PowerShares FTSE RAFI Utilities
shed $1.38, or 2.4%, to $56.04. The
was lower by $3.84, or 2.7%, to $138.90. The
iShares Dow Jones U.S. Utilities
was down $1.96, or 2%, to $94.38.