As a whole, Asian markets continue to beat the S&P 500, with some weakness from China and Taiwan exchange traded funds(ETFs). This was mostly due to their closed markets last week for the Chinese New Year. iShares MSCI Australia (EWA) has been a leading Asian ETFs up 9.4% year-to-date, spurred by the renewed strength in gold, reports Steve Towns for Seeking Alpha. iShares MSCI Malaysia (EWM) and iShares MSCI Singapore (EWS) have been performing well this year as well, up 21% and 12% respectively.  iShares FTSE/Xinhua China 25 (FXI) was a top performer last year, and is down 5.4% year-to-date. The question still remains "Is China a bubble that we should exit?"

For full disclosure, some of Tom Lydon’s clients own EWS and EWM.

Tags: Asia, Australia, China, FXI, Malaysia, Singapore