Exchange-traded funds tracking Asian markets were among the best performers Friday, as indices in Hong Kong, Taiwan, South Korea, Thailand and Indonesia rose overnight.
Hong Kong's Hang Seng added 0.6%, Taiwan's Taiex Index gained 1.4%, South Korea's Kospi rose 0.5% and Thailand's Stock Exchange finished up 2%.
PowerShares Golden Dragon Halter USX China
rose 89 cents, or 2.9%, to $31.32. The
iShares FTSE/Xinhua China 25 Index
was higher by $5.20, or 3.2%, to $168.79. The
SPDR S&P China
was adding $2.36, or 2.8%, to $88.28. The
iShares MSCI Taiwan Index
was up 37 cents, or 2.3%, to $16.37.
Technology- and software-related ETFs were also on the rise thanks to software developer
. The company posted a fiscal first-quarter profit that rose 26% from a year ago, beating the Thomson First Call consensus by a penny.
Ultra Technology ProShares
ETF was up $1.53, or 1.9%, to $84. The
gained 42 cents, or 1%, to $42.95. The
iShares S&P GSTI Software
rose 33 cents, or 0.7%, to $49.28. The
PowerShares Dynamic Software
was higher by 12 cents, or 0.6%, to $19.91.
Bundled securities tracking chipmakers were also on the rise. Earlier,
raised its dividend by 25% to 10 cents a share. TI also added a buyback of up to $5 billion in stock.
Ultra Semiconductor ProShares
gained $1.96, or 2.3%, to $89.36. The
was recently up 50 cents, or 1.3%, to $38.79. The
PowerShares Dynamic Semiconductors
added 16 cents, or 0.9%, to $18.95.
On the other hand, ETFs following gold stocks were among the worst performers after Merrill Lynch downgraded
to neutral from buy, citing valuation. The firm also cut
to neutral from buy.
Market Vectors Gold Miners
ETF was lower by 40 cents, or 0.9%, to $45.42. The
PowerShares DB Gold
eased by 18 cents, or 0.6%, to $28.69. The
iShares Comex Gold Trust
was off 42 cents, or 0.6%, to $72.40. The
streetTRACKS Gold Shares
ETF shed 32 cents, or 0.4%, to $72.40.