Exchange-traded funds tracking Asian markets were among the best performers Monday, as indices in China, Hong Kong, Thailand and Indonesia rose overnight.

Hong Kong's Hang Seng jumped 2.7%, China's CSI 300 Index gained 0.8%, Indonesia's Jakarta Index added 0.8% and Thailand's Stock Exchange finished up 0.6%.

The iShares FTSE/Xinhua China 25 Index ( FXI) was higher by $4.68, or 2.8%, to $173.16. The PowerShares Golden Dragon Halter USX China ( PGJ) rose 83 cents, or 2.7%, to $32.11. The SPDR S&P China ( GXC) was adding $2.05, or 2.3%, to $90.60. The SPDR S&P Emerging Asia Pacific ( GMF) was up $1.61, or 1.9%, to $86.07.

The Broadband HOLDRs ( BDH) was rising after RBC Capital Markets upgraded Motorola ( MOT) to outperform from sector perform, citing improvements in the company's handset unit. The ETF was recently up 17 cents, or 1.1%, to $15.39.

Several other technology ETFs were also gaining ground, thanks to broker actions. EMC ( EMC) was higher after Bear Stearns and Citigroup both upgraded the stock. Meanwhile, Citigroup reiterated a buy on Apple ( AAPL) and lifted its target by $25 to $185.

The Internet Architecture HOLDRs ( IAH) was adding 42 cents, or 0.8%, to $52.95. The iShares Dow Jones U.S. Technology ( IYW) was up 36 cents, or 0.6%, to $62.21. The Morgan Stanley Technology ( MTK) ETF gained 33 cents, or 0.5%, to $65.72.

On the flip side, homebuilders were among the worst performers. Among individual names, Beazer Homes ( BZH), Hovnanian ( HOV), Pulte Homes ( PHM), Standard Pacific ( SPF) and Meritage Homes ( MTH) all were losing ground.

The iShares Dow Jones U.S. Home Construction ( ITB) eased 90 cents, or 4%, to $21.50. The SPDR S&P Homebuilders ( XHB) lost 77 cents, or 3.3%, to $22.50.

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