Monday's ETF Winners & Losers

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%.

The iShares FTSE/Xinhua China 25 Index (FXI Quote) was higher by $4.68, or 2.8%, to $173.16. The PowerShares Golden Dragon Halter USX China (PGJ Quote) rose 83 cents, or 2.7%, to $32.11. The SPDR S&P China (GXC Quote) was adding $2.05, or 2.3%, to $90.60. The SPDR S&P Emerging Asia Pacific (GMF Quote) was up $1.61, or 1.9%, to $86.07.

The Broadband HOLDRs (BDH Quote) was rising after RBC Capital Markets upgraded Motorola (MOT Quote) 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. EMC (EMC Quote) was higher after Bear Stearns and Citigroup both upgraded the stock. Meanwhile, Citigroup reiterated a buy on Apple (AAPL Quote) and lifted its target by $25 to $185.

The Internet Architecture HOLDRs (IAH Quote) was adding 42 cents, or 0.8%, to $52.95. The iShares Dow Jones U.S. Technology (IYW Quote) was up 36 cents, or 0.6%, to $62.21. The Morgan Stanley Technology (MTK Quote) ETF gained 33 cents, or 0.5%, to $65.72.

On the flip side, homebuilders were among the worst performers. Among individual names, Beazer Homes (BZH Quote), Hovnanian (HOV Quote), Pulte Homes (PHM Quote), Standard Pacific (SPF Quote) and Meritage Homes (MTH Quote) all were losing ground.

The iShares Dow Jones U.S. Home Construction (ITB Quote) eased 90 cents, or 4%, to $21.50. The SPDR S&P Homebuilders (XHB Quote) lost 77 cents, or 3.3%, to $22.50.