Exchange-traded funds tracking Asian markets were the best performers of Friday's session following an overnight rally.
Hong Kong's Hang Seng surged 3.2%, and markets in Thailand, Indonesia and Singapore finished higher as well.
iShares FTSE/Xinhau China 25 Index
was rising $6.90, or 3.8%, to $188.10. The
iShares MSCI Hong Kong Index
added 75 cents, or 3.6%, to $21.49. The
SPDR S&P China
was up $3.21, or 3.4%, to $97.36. The
PowerShares Golden Dragon Halter USX China
was gaining $1.07, or 3.2%, to $34.23.
was also among the top performers of the day, thanks to
Research In Motion's
earnings report after Thursday's close. The BlackBerry maker posted fiscal second-quarter results that were in line with Wall Street's estimates. The ETF was up $2.01, or 2.7%, to $77.69.
ETFs tracking the basic materials sector were also trading higher thanks to a rally in
. After Thursday's close, Alcoa said it would incur a charge of $845 million in the third quarter due to restructuring costs. The company expects to sell its packaging and consumer businesses by next year. The stock was recently up 3.1%.
Ultra Basic Materials ProShares
was climbing $2.84, or 3%, to $99.03. The
iShares Dow Jones U.S. Basic Materials
gained $1.06, or 1.4%, to $75. The
PowerShares FTSE RAFI Basic Materials
was up 99 cents, or 1.5%, to $68.30.
On the other hand, Treasury-related ETFs were among few losers of the day, following a stronger-than-expected jobs report. The Labor Department's report said that the U.S. economy added 110,000 workers last month. Economists had expected 100,000 jobs to be added last month. August's number was revised higher and now shows a gain of 89,000 jobs. Last month, the Labor Department said 4,000 jobs were lost.
Recently, the 10-year note was dropping 31/32 in price, cutting the yield to 4.64%. The 30-year bond was adding 1 28/32 in price, yielding 4.88%.
iShares Lehman 20+ Year Treasury Bond
slid $1.37, or 1.5%, to $87.87. The
Vanguard Long-Term Bond
was down 79 cents, or 1.1%, to $74.47. The
iShares Lehman 10-20 Year Treasury Bond
was losing $1.06, or 1.1%, to $100.34.