Updated from 2:55 p.m. EDT with new stock prices
Exchange-traded funds tracking Asian stocks were the best performers of Thursday's session, as several holdings rallied during U.S. trading.
Earlier, a 9% drop on the Bombay Sensitive Index, or Sensex, pressured Asian markets before recovering near the end of the trading session.
Several Asia-related stocks snapped higher during the trading day in the U.S. after Asian markets closed. Recently,
Aluminum Corp. of China
China Life Insurance
all jumped more than 10%.
SPDR S&P China
was up $10.09, or 9.83%, to $112.69. The
iShares FTSE/Xinhau China 25 Index
was rising $19.16, or 9.63%, to $218.20. The
PowerShares Golden Dragon Halter USX China
was gaining $2.87, or 8.03%, to $38.61. The
SPDR S&P Emerging Asia Pacific
added $ 3.79, or 4.05%, to $97.26.
ETFs tracking the chip sector were also gaining ground after
handily beat third-quarter estimates and raised its outlook for the year.
Ultra Semiconductor ProShares
rose $4.41, or 5.13%, to $90.39. The
PowerShares Dynamic Semiconductors
was up 35 cents, or 1.89%, to $18.86. The
iShares S&P GSTI Semiconductor
advanced $1.29, or 1.92%, to $68.51.
Elsewhere, an earnings beat by
, which was rising $2.22, or 3.43%, to $67.00.
On the other hand, real estate-related ETFs were among the worst decliners. Among individual names,
General Growth Properties
slid around 1%.
First Trust S&P REIT
ETF was losing 52 cents, or 2.72%, to $18.59. The
Ultra Real Estate ProShares
was down 27 cents, or 0.57%, to $46.94. The
Dow Jones Wilshire REIT
ETF was off 27 cents, or 0.33%, to $81.42.