Stock Track | Direxion Daily FTSE China Bull 3X Shares Plunges 5.12% Pre-Market on Slowing China Factory Growth, Trade Tensions

Stock Track

Feb 03, 2025

The Direxion Daily FTSE China Bull 3X Shares (YINN) ETF plummeted 5.12% in pre-market trading on Monday, as concerns over slowing factory activity growth in China and escalating trade tensions with the US weighed heavily on the outlook for the nation's export-driven economy.

According to the Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) survey released on Monday, China's factory output growth slowed to a 4-month low of 50.1 in January, missing analyst estimates. The survey cited rising global trade uncertainties and fresh U.S. tariff threats as key factors leading to a decline in new export orders for Chinese manufacturers.

As an ETF providing leveraged exposure to Chinese equities, the Direxion Daily FTSE China Bull 3X Shares was highly sensitive to negative sentiment around China's economic prospects. With worries that a potential trade war could further dampen China's exports and manufacturing sector, the bullish China ETF saw a sharp sell-off in the pre-market session.

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The survey cited rising global trade uncertainties and fresh U.S. tariff threats as key factors leading to a decline in new export orders for Chinese manufacturers.</p>\n\n<p>As an ETF providing leveraged exposure to Chinese equities, the Direxion Daily FTSE China Bull 3X Shares was highly sensitive to negative sentiment around China's economic prospects. With worries that a potential trade war could further dampen China's exports and manufacturing sector, the bullish China ETF saw a sharp sell-off in the pre-market session.</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":"1171787432","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171787432","pubTimestamp":1738573826,"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  ETF plummeted 5.12% in pre-market trading on Monday, as concerns over slowing factory activity growth in China and escalating trade tensions with the US weighed heavily on the outlook for the nation's export-driven economy.According to the Caixin/S&P Global manufacturing Purchasing Managers' Index  survey released on Monday, China's factory output growth slowed to a 4-month low of 50.1 in January, missing analyst estimates. The survey cited rising gl","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"YINN":"三倍做多富时中国ETF-Direxion"},"translate_title":"股票追踪Direxion每日富时中国牛市3X股价因中国工厂增长放缓和贸易紧张局势而盘前暴跌5.12%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YINN":1},"content_text":"The Direxion Daily FTSE China Bull 3X Shares (YINN) ETF plummeted 5.12% in pre-market trading on Monday, as concerns over slowing factory activity growth in China and escalating trade tensions with the US weighed heavily on the outlook for the nation's export-driven economy.\nAccording to the Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) survey released on Monday, China's factory output growth slowed to a 4-month low of 50.1 in January, missing analyst estimates. The survey cited rising global trade uncertainties and fresh U.S. tariff threats as key factors leading to a decline in new export orders for Chinese manufacturers.\nAs an ETF providing leveraged exposure to Chinese equities, the Direxion Daily FTSE China Bull 3X Shares was highly sensitive to negative sentiment around China's economic prospects. With worries that a potential trade war could further dampen China's exports and manufacturing sector, the bullish China ETF saw a sharp sell-off in the pre-market session.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}