HIGHER

• PowerShares DB US Dollar Index Bullish (NYSE: UUP) 1.23% higher to $22.30. Investors are fleeing riskier European and Asian investments having a greater exposure to Dubai, though not as large as initially believed.

LOWER:

• SPDR S&P Emerging Middle East & Africa (NYSE: GAF) down 4.54% to $59.71. As the leading Middle East ETF, a hit is being taken on the heels of Dubai World’s debt deferment announcement.

• iShares MSCI Emerging Markets Index (NYSE: EEM) down 3.98% to $40.10. Again, shares are being shaken up by Dubai World.
• iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 4.25% to $43.24.