Foreign-market-related exchange-traded funds were among the best ETF performers Tuesday as overseas bourses bounced after several losing sessions.
Tokyo's Nikkei rose 1.2%, Hong Kong's Hang Seng added 2.1%, and China's Shanghai and Shenzhen 300 climbed nearly 2%. European markets were also rising.
iShares MSCI Malaysia Index
ETF was climbing 5.7% to $9.51. The
iShares FTSE/Xinhua China 25 Index
was recently up 4% to $95.31. The
Vanguard Emerging Markets Stock
ETF was rising 3.2% to $73.37. The
iShares MSCI Emerging Markets Index
was higher by 3.1% to $108.59.
ETFs tracking metals and mining were also rebounding Tuesday. Gold was recently higher by $4.90 to $644.10 an ounce, and silver was tacking on 13.5 cents to $12.88 an ounce.
Market Vectors Gold Miners
ETF was gaining 2.6% to $37.87. The
SPDR S&P Metals & Mining
ETF was adding 2.3% to $52.01. The
iShares Silver Trust
was higher by 2.2% to $128.25.
Semiconductor-related ETFs were also higher. Among individual stock names,
was rising 4.4%,
was adding 2.6%,
was higher by 2%, and
was recently up 1.7%.
Those chip ETFs getting a lift were the
PowerShares Dynamic Semiconductors
, which was rising 2.1% to $17.79; the
iShares Goldman Sachs Semiconductor
, up 1.9% to $60.71; the
ETF, adding 1.8% to $49.74; and the
ETF, which was higher by 1.4% to $33.83.
First Trust Amex Biotech Index
was one of the session's few losers. Holding
was dropping more than 20% after the company said late Monday that a phase III clinical trial for its Actimmune pulmonary drug showed poor results. The ETF was lower by 7 cents, or 0.3%, to $22.12.