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

Stock Track

Oct 16, 2024

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.

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The market appears to be positioning for potential positive news or policy announcements from this briefing.</p>\n\n<p>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.</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":"1161310421","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161310421","pubTimestamp":1729066128,"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":"Shares of Chinese stocks and exchange-traded funds  saw a significant rally in overnight trading, leading to an 8.67% soar in the Direxion Daily FTSE China Bull 3X Shares  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. 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