Updated from 11:47 a.m. EDT with new stock prices
Exchange-traded funds focused on Asian markets were among the best performers of Tuesday's session, thanks to a rebound in foreign stocks overnight.
In Asia, Hong Kong's Hang Seng Index jumped 3.5% overnight and Japan's Nikkei 225 added 0.1%. Indices in South Korea, Taiwan, Indonesia and India also finished higher.
iPath MSCI India Index
was higher by $5.03, or 6.65%, to $80.68. The
iShares FTSE/Xinhau China 25 Index
was rising $ 8.24, or 4.09%, to $209.74. The
SPDR S&P China
was up $4.03, or 3.86%, to $108.36. The
SPDR S&P Emerging Asia Pacific
was gaining $4.36, or 4.68%, to $97.53.
Internet Architecture HOLDRs
was also among the winners, following blowout earnings from holding
. Following Monday's close, Apple blew away fiscal fourth-quarter estimates with its earnings report, prompting several analysts to bump their stock price targets higher. Shares were up 6.77%.
The ETF was recently up $1.21, or 2.24%, to $55.24.
On the other hand, weak fourth-quarter guidance from
sank chip-related ETFs. UBS, JPMorgan, Lehman Brothers and Credit Suisse, among others, downgraded the stock because of the disappointing outlook, and shares of TI were 8.29% lower at $31.43.
Ultra Semiconductor ProShares
was losing 47 cents, or 0.54%, to $87.00. The
shed 57 cents, or 1.58%, to $35.43. But the
iShares S&P GTSI Semiconductor
was up by 14 cents, or 0.21%, to $67.21.
Bundled securities tracking the retail sector were also in the red. The world's largest retailer,
, lowered its forecast for capital spending for the current fiscal year to $14.7 billion from $15.4 billion. Shares of Wal-Mart were falling 2.92%.
SPDR S&P Retail
slumped 18 cents, or 0.47%, to $38.07. The
, however, was barely up 29 cents, or 0.30%, to $97.90.