Exchange-traded funds tracking Asian markets were among the best performers Monday, as indices in Japan, Thailand and South Korea finished higher overnight.
Japan's Nikkei 225 rose 0.4% overnight, and both Thailand's Stock Exchange and South Korea's Kospi Index added 0.8%. Indices in Hong Kong and China were closed to start the week.
iShares MSCI South Korea Index
was up $2.84, or 4.2%, to $70.90. The
SPDR S&P China
was adding $3.29, or 3.5%, to $97.15. The
iShares FTSE/Xinhua China 25 Index
was higher by $6.40, or 3.6%, to $186.40. The
PowerShares Golden Dragon Halter USX China
ETF rose $1.01, or 3%, to $34.34.
Homebuilding and construction-related ETFs were also rising, after Citigroup upgraded
to buy from hold, as the firm believed a near-term bounce was coming due.
PowerShares Dynamic Building & Construction
gained 55 cents, or 2.8%, to $20.39. The
iShares Dow Jones U.S. Home Construction
was climbing 49 cents, or 2.5%, to $20.36. The
SPDR S&P Homebuilders
was up 50 cents, or 2.3%, to $21.90.
Bundled securities following the chipmakers were also among Monday's winners.
were all rising.
Ultra Semiconductor ProShares
rose $3.66, or 4.2%, to $91.79. The
iShares S&P GSTI Semiconductor
was up $1.54, or 2.3%, to $69.02. The
PowerShares Dynamic Semiconductors
added 41 cents, or 2.2%, to $19.10.
On the other hand, retail-related ETFs were among the worst performers after
reported dismal fiscal fourth-quarter earnings. The stock slid nearly 15% after the report, with rival
trading 5% lower in sympathy.
was losing 68 cents, or 0.7%, to $99.48. The
PowerShares Dynamic Retail
eased 3 cents, or 0.2%, to $17.82.