The Direxion Daily FTSE China Bull 3X Shares (YINN), an exchange-traded fund (ETF) that tracks the FTSE China Bull 3X index, experienced a significant pre-market plunge of -5.15% on October 14th. This decline was part of a broader selloff in Chinese American Depositary Receipts (ADRs) and ETFs during overnight trading.
According to reports, several Chinese stocks and ETFs traded in the U.S. markets saw substantial declines in overnight trading sessions. Companies like Bilibili and XPeng fell over 4%, while YINN and JD.com both dropped around 3%. Other notable Chinese stocks, such as NIO, Baidu, and Alibaba, also experienced declines of approximately 2%.
The specific reasons behind this widespread selloff in Chinese stocks and ETFs are not entirely clear from the available news reports. However, it is likely that various factors, including macroeconomic conditions, trade tensions, and company-specific news, may have contributed to the negative sentiment surrounding Chinese equities during overnight trading.
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。