Stock Track | Chinese Stocks and ETFs Rally, Driving Surge in Direxion China Bull ETF YINN

Stock Track

2024-10-16

Shares of Chinese stocks and exchange-traded funds (ETFs) saw a significant rally in overnight trading, leading to an 8.67% soar in the Direxion Daily FTSE China Bull 3X Shares (YINN) ETF over the past 24 hours.

The rally was fueled by anticipation surrounding an upcoming joint briefing scheduled for Thursday by officials from the Chinese Housing Ministry, People's Bank of China, Finance Ministry, and National Financial Regulatory Administration. The market appears to be positioning for potential positive news or policy announcements from this briefing.

Several Chinese companies and ETFs saw notable gains, with YINN surging 8%, KE Holdings jumping 5%, and CHAU, Trip.com, and Bilibili all rising around 3%. The broader sentiment towards Chinese assets appears to be improving, driving the influx of buying interest.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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