Bundled securities tracking foreign markets were the worst performers of the week amid widespread softness in global equities.
On Tuesday, a benchmark index in mainland China sank more than 9%, the most in a decade, dragging with it markets in Europe and elsewhere in Asia. The drop set up the U.S. market for its worst single-day losses in years.
iShares FTSE/Xinhua China 25 Index
plummeted around 8.9% for the week to $95.30. The
Vanguard Emerging Markets Stock
ETF was down 8.3% to $73.20, and the
iShares MSCI Emerging Markets Index
tumbled 8% over the five sessions to $108.05.
ETFs tracking metals and mining were also among the week's biggest losers. Gold futures dropped 6% to $644.10 an ounce, and silver futures plummeted 12% to $12.96 an ounce.
iShares Silver Trust
was lower by 11.7% to $128.99. The
Market Vectors Gold Miners
fell 9.9% to $37.80. The
streetTRACKS Gold Shares
ETF shed around 5.8% to $63.72, and the
iShares Comex Gold Trust
lost about 5.8% to $63.70.
Internet Infrastructure HOLDRs
ETF slid nearly 8% for the week. Over the five sessions, holding
dropped more than 14%. The ETF slid by 7.8% to $5.06.
Housing-related ETFs were also sharply lower for the week. The declines came after the Census Bureau said Wednesday that new-home sales plummeted 16.6% to 937,000 annualized units. Economists had anticipated a slight decrease to 1.09 million annualized units from 1.12 million in December.
iShares Dow Jones U.S. Home Construction
ETF lost 5.7% at $38.12, and the
ETF was lower by 5% for the week to $35.14.
Exchange-traded funds tracking Treasuries were among few winners for the week. The gains came as the flight to safety followed the rapid selloff both abroad and in the U.S.
For the week, the yield on the 10-year Treasury, which moves inversely to the price, sank to 4.52% from 4.68% a week ago. The yield on the 30-year bond dropped to 4.65% from 4.78% last Friday.
iShares Lehman 20+ Year Treasury Bond
exchange-traded fund was up 1.9% to $90.20. The
iShares Lehman TIPS Bond
ETF added 1.6% to $101.06. The
iShares Lehman 7-10 Year Treasury
gained 1.2% at $83.55.