Wednesday's ETF Winners & Losers

A surge in foreign bourses boosts overseas-focused funds Wednesday.
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Overseas-related exchange-traded funds were among the best performers Wednesday, as foreign markets surged overnight.

Last time out, Hong Kong's Hang Seng Index jumped 2.8%, China's CSI 300 Index added 1.6% and South Korea's Kospi Index rose 1.3%.

The

iShares FTSE/Xinhua China 25 Index

(FXI) - Get Report

was higher by $6.98, or 5.4%, to $135.98. The

SPDR S&P China

(GXC) - Get Report

was adding $3.68, or 5.5%, to $70.55. The

iShares MSCI South Korea Index

(EWY) - Get Report

gained $2.28, or 3.9%, to $60.46. The

SPDR S&P Emerging Markets

(GMM)

was up $2.20, or 3.6%, to $63.96.

Basic materials-related bundled securities were also higher. Among individual stocks,

Alcoa

(AA) - Get Report

,

Dow Chemical

(DOW) - Get Report

,

Nucor

(NUE) - Get Report

and

Freeport-McMoRan

(FCX) - Get Report

climbed more than 3%.

The

Ultra Basic Materials ProShares

(UYM) - Get Report

jumped $4.43, or 5.9%, to $80.12. The

iShares Dow Jones U.S. Basic Materials

(IYM) - Get Report

was adding $2.03, or 3.1%, to $67.24. The

Vanguard Materials

(VAW) - Get Report

ETF was up $2.31, or 2.9%, to $80.96. The

Materials Select Sector SPDR

(XLB) - Get Report

was adding $1.10, or 2.9%, to $38.92.

On the other hand, the

United States Natural Gas

(UNG) - Get Report

ETF was the worst decliner of Wednesday's session, as natural gas slid 22 cents to $5.81 per million British thermal units. The ETF was falling $1.28, or 3.4%, to $36.56.

ETFs tracking crude oil were also lower, as the front-month contract slipped 54 cents to $69.03 a barrel. Earlier, the Energy Department posted its weekly inventory report that showed a rise of 1.9 million barrels in crude inventories last week.

The

iPath S&P GSCI Crude Oil Index

(OIL) - Get Report

was losing 25 cents, or 0.7%, to $38.39. The

United States Oil

(USO) - Get Report

shed 38 cents, or 0.7%, to $52.05.

Bundled securities following U.S. Treasuries were also declining, as traders pulled investments from bonds and poured money into equities. The 10-year Treasury note fell 13/32 in price, cutting the yield to 4.65%, and the 30-year bond was off 9/32, yielding 4.97%.

The

iShares Lehman 7-10 Year Treasury Bond

(IEF) - Get Report

slumped 26 cents, or 0.3%, to $83.31. The

SPDR Lehman Long-Term Treasury

(TLO)

was lower by 16 cents, or 0.3%, to $50.56. The

Vanguard Long-Term Bond

(BLV) - Get Report

ETF eased 21 cents, or 0.3%, to $73.63.