Updated from 2:28 p.m. EDT with new stock prices

Exchange-traded funds tracking Asian markets were among the best performers of Friday's winning session, following advances overseas.

Overnight, India's Sensex Index jumped 2.5%, Hong Kong's Hang Seng added 1.8% -- to a record 30,405 -- and Japan's Nikkei rose 1.4%. Other indices in China, South Korea, and Indonesia also finished higher.

The iPath MSCI India Index ( INP) was recently up $4.54, or 5.8%, to $82.34. The iShares MSCI South Korea Index ( EWY) was higher by $3.17, or 4.5%, to $73.12. The iShares MSCI Hong Kong Index ( EWH) climbed $1.05, or 4.7%, to $23.35.

An earnings beat by Microsoft ( MSFT) late Thursday powered technology and software ETFs. Microsoft handily beat estimates for fiscal fourth-quarter earnings and revenue and guided higher for the next quarter and full year. Shares jumped 9.5%.

Among related ETFs, the Ultra Technology ProShares ( ROM) was higher by $3.68, or 4.1%, to $92.88. The Software HOLDRs ( SWH) advanced by $1.23, or 2.8%, to $44.80.

Bundled securities tracking the homebuilding sector were on the rise. Among individual names, Hovnanian ( HOV), D.R. Horton ( DHI), Lennar ( LEN), Pulte Homes ( PHM) and Beazer Homes ( BZH) were all higher.

The iShares Dow Jones U.S. Home Construction ( ITB) was up 78 cents, or 3.8%, to $21.48. The SPDR S&P Homebuilders ( XHB) was rising 64 cents, or 2.9%, to $22.92.

On the other hand, the iShares Dow Jones Transportation Average ( IYT) was one of the worst performers of the day. Crude oil set an intraday record of $92.22 a barrel earlier Friday before dropping again, pressuring transportation stocks across the board.

Recently, the ETF was slightly up by 69 cents, or 0.7%, to $87.43.

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