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 ( ACH), PetroChina ( PTR) and China Life Insurance ( LFC) all jumped more than 10%.

The SPDR S&P China ( GXC) was up $10.09, or 9.83%, to $112.69. The iShares FTSE/Xinhau China 25 Index ( FXI) was rising $19.16, or 9.63%, to $218.20. The PowerShares Golden Dragon Halter USX China ( PGJ) was gaining $2.87, or 8.03%, to $38.61. The SPDR S&P Emerging Asia Pacific ( GMF) added $ 3.79, or 4.05%, to $97.26.

ETFs tracking the chip sector were also gaining ground after Intel ( INTC) handily beat third-quarter estimates and raised its outlook for the year.

The Ultra Semiconductor ProShares ( USD) rose $4.41, or 5.13%, to $90.39. The PowerShares Dynamic Semiconductors ( PSI) was up 35 cents, or 1.89%, to $18.86. The iShares S&P GSTI Semiconductor ( IGW) advanced $1.29, or 1.92%, to $68.51.

Elsewhere, an earnings beat by Yahoo! ( YHOO) boosted the Internet HOLDRs ( HHH), 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, Equity Residential ( EQR), General Growth Properties ( GGP) and Kimco Realty ( KIM) slid around 1%.

The First Trust S&P REIT ( FRI) ETF was losing 52 cents, or 2.72%, to $18.59. The Ultra Real Estate ProShares ( URE) was down 27 cents, or 0.57%, to $46.94. The Dow Jones Wilshire REIT ( RWR) ETF was off 27 cents, or 0.33%, to $81.42.