Exchange-traded funds tracking Asian markets were among the best performers of Thursday's session following a rally overnight.
Hong Kong's Hang Seng rose 2% and Japan's Nikkei 225 was 1.6% higher. Markets in China, Taiwan, Indonesia, and Singapore finished higher as well.
PowerShares Golden Dragon Halter USX China
was gaining $1.42, or 4.1%, to $36.07. The
iShares FTSE/Xinhau China 25 Index
was rising $7.85, or 4.1%, to $200.19. The
SPDR S&P China
was up $3.70, or 3.7%, to $103.50. The
SPDR S&P Emerging Asia Pacific
added $2.40, or 2.6%, to $95.63.
SPDR S&P Oil & Gas Exploration & Production
jumped 5.3% after crude prices rallied through the $83-a-barrel level. The weekly inventory report from the Energy Department showed an unexpected decline of 1.7 million barrels in crude stocks, and oil was jumping $1.73 to $83.03 a barrel.
The SPDR S&P Oil & Gas Exploration & Production was up $2.56 to $50.94. Among other energy related ETFs, the
iPath S&P GSCI Crude Oil Index
rose 89 cents, or 1.9%, to $47.02. The
United States Oil
ETF was adding $1.20, or 1.9%, to $63.60. The
PowerShares DB Oil
was gaining 52 cents, or 1.8%, to $30.02.
Bundled securities tracking the retail sector were gaining ground after
surprised with a rosier outlook. The world's largest retailer boosted its third-quarter profit guidance even after posting a comp sales increase of only 1.4%, a bit weaker than had been anticipated. The stock was up 3% to $46.95.
SPDR S&P Retail
was advancing 87 cents, or 2.2%, to $41.21. The
was up $1.34, or 1.3%, to $103.14. The
PowerShares Dynamic Retail
rose 16 cents, or 0.9%, to $18.64.
Among losers, the
iShares Dow Jones U.S. Healthcare Provider
sank 0.6% as several of its holdings lost ground.
Coventry Health Care
all were sliding.
The ETF was down 38 cents to $59.68.