Stock Track | Direxion Daily FTSE China Bull 3X Shares Plummet 5.62% Pre-market on Slowing China Manufacturing Growth

Stock Track

Jan 03, 2025

The Direxion Daily FTSE China Bull 3X Shares (YINN) fell sharply by 5.62% in the pre-market trading session on Thursday, as concerns over slowing Chinese factory activity weighed heavily on the leveraged China-focused ETF.

According to a private survey by Caixin/S&P Global, China's manufacturing sector growth slowed more than expected in December. The Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) dipped to 50.5 from 51.5 in November, missing analysts' forecasts of 51.7.

The report cited weaker growth in new orders, particularly for exports, as subdued external economic conditions and the threat of new U.S. tariffs pose major risks for China's export-driven economy. Despite some stabilization in economic activity due to recent policy support measures, manufacturers expressed concerns about the growth and trade outlook for 2025, challenging hopes for new product- and policy-driven sales growth.

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The Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) dipped to 50.5 from 51.5 in November, missing analysts' forecasts of 51.7.</p>\n\n<p>The report cited weaker growth in new orders, particularly for exports, as subdued external economic conditions and the threat of new U.S. tariffs pose major risks for China's export-driven economy. Despite some stabilization in economic activity due to recent policy support measures, manufacturers expressed concerns about the growth and trade outlook for 2025, challenging hopes for new product- and policy-driven sales growth.</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":"1173568864","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173568864","pubTimestamp":1735845500,"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  fell sharply by 5.62% in the pre-market trading session on Thursday, as concerns over slowing Chinese factory activity weighed heavily on the leveraged China-focused ETF.According to a private survey by Caixin/S&P Global, China's manufacturing sector growth slowed more than expected in December. 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The Caixin/S&P Global manufacturing Purchasing Managers' Index (PMI) dipped to 50.5 from 51.5 in November, missing analysts' forecasts of 51.7.\nThe report cited weaker growth in new orders, particularly for exports, as subdued external economic conditions and the threat of new U.S. tariffs pose major risks for China's export-driven economy. Despite some stabilization in economic activity due to recent policy support measures, manufacturers expressed concerns about the growth and trade outlook for 2025, challenging hopes for new product- and policy-driven sales growth.","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"}}}