Stock Track | Direxion Daily FTSE China Bull 3X Shares Plunges 8.28% in Pre-market as US-China Trade Tensions Escalate

Stock Track

Feb 28, 2025

The Direxion Daily FTSE China Bull 3X Shares (YINN) experienced a significant pre-market plunge of 8.28% on Friday, mirroring the broader sell-off in Chinese stocks and ETFs traded in the US.

The sharp decline in YINN and other China-related equities is believed to be driven by heightened concerns over escalating trade tensions between the United States and China. According to reports, US President Donald Trump announced plans to impose an additional 10% tax on imports from China, raising fears of a potential trade war between the two economic powerhouses.

The announcement of new tariffs has added to investors' worries about the potential impact on trade relations between the US and China, weighing heavily on the performance of Chinese stocks and leveraged ETFs like YINN, which aims to provide 3 times the daily performance of the FTSE China 50 Index.

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According to reports, US President Donald Trump announced plans to impose an additional 10% tax on imports from China, raising fears of a potential trade war between the two economic powerhouses.</p>\n\n<p>The announcement of new tariffs has added to investors' worries about the potential impact on trade relations between the US and China, weighing heavily on the performance of Chinese stocks and leveraged ETFs like YINN, which aims to provide 3 times the daily performance of the FTSE China 50 Index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YINN","symbol_name":"三倍做多富时中国ETF-Direxion","start_time":0,"source_url":"","article_id":"1106006589","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106006589","pubTimestamp":1740733436,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Direxion Daily FTSE China Bull 3X Shares  experienced a significant pre-market plunge of 8.28% on Friday, mirroring the broader sell-off in Chinese stocks and ETFs traded in the US.The sharp decline in YINN and other China-related equities is believed to be driven by heightened concerns over escalating trade tensions between the United States and China. 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