10 Foreign ETFs Hit 3-Month Highs, Confirm Uptrend

iShares (Photo credit: Chris Hunkeler)

A handful of foreign developed and emerging market ETFs jumped to three-month highs Thursday and either broke above or extended recent moves above their long-term, 200-day moving averages to confirm new uptrends.Here is an overview of foreign markets that broke out today:

1.iShares MSCI South Korea Index ( EWY ): +1.81%

2.iShares MSCI Taiwan Index ( EWT ): +1.52%

3.iShares MSCI Poland Investable Market Index ( EPOL ): +1.63%

4.iShares S&P Asia 50 Index ( AIA ): 1.04%

5.iShares MSCI All Country Asia ex Japan Index ( AAXJ ): +0.72%

6.iShares MSCI Hong Kong Index (EWH): +0.54%

7.iShares MSCI Emerging Markets Index (EEM): +0.4%

8.Market Vectors Africa Index ETF (AFK): +0.39%

9.Market Vectors Indonesia Index ETF (IDX): +0.24%

10.iShares MSCI Netherlands Investable Market Index (EWN): +0.06%

The benchmarkiShares MSCI EAFE Index (EFA), tracking developed foreign markets, was nearly flat, +0.04%. Economic data from China lifted expectations that the country will loosen monetary policy by the end of September to support its economy, which would also ripple to its trading partners.

Chinese factory output fell in July to its weakest level in just over three years while retail sales growth was slower than expected, Reuters reported.

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