Exchange-traded funds tracking Asian markets were among the best performers Monday, as indices in China, Hong Kong, Thailand and Indonesia rose overnight.
Hong Kong's Hang Seng jumped 2.7%, China's CSI 300 Index gained 0.8%, Indonesia's Jakarta Index added 0.8% and Thailand's Stock Exchange finished up 0.6%.
iShares FTSE/Xinhua China 25 Index
was higher by $4.68, or 2.8%, to $173.16. The
PowerShares Golden Dragon Halter USX China
rose 83 cents, or 2.7%, to $32.11. The
SPDR S&P China
was adding $2.05, or 2.3%, to $90.60. The
SPDR S&P Emerging Asia Pacific
was up $1.61, or 1.9%, to $86.07.
was rising after RBC Capital Markets upgraded
to outperform from sector perform, citing improvements in the company's handset unit. The ETF was recently up 17 cents, or 1.1%, to $15.39.
Several other technology ETFs were also gaining ground, thanks to broker actions.
was higher after Bear Stearns and Citigroup both upgraded the stock. Meanwhile, Citigroup reiterated a buy on
and lifted its target by $25 to $185.
Internet Architecture HOLDRs
was adding 42 cents, or 0.8%, to $52.95. The
iShares Dow Jones U.S. Technology
was up 36 cents, or 0.6%, to $62.21. The
Morgan Stanley Technology
ETF gained 33 cents, or 0.5%, to $65.72.
On the flip side, homebuilders were among the worst performers. Among individual names,
all were losing ground.
iShares Dow Jones U.S. Home Construction
eased 90 cents, or 4%, to $21.50. The
SPDR S&P Homebuilders
lost 77 cents, or 3.3%, to $22.50.