Stock Track | Leveraged China ETF YINN Soars 12.6% Pre-Market on PBoC Easing

Stock Track

Sep 24, 2024

The Direxion Daily FTSE China Bull 3X Shares (YINN), a leveraged exchange-traded fund tracking Chinese stocks, saw a remarkable pre-market surge of 12.62% on September 24, 2024. This significant gain came after the People's Bank of China (PBoC) unexpectedly cut interest rates and injected liquidity into the banking system on September 23, 2024.

In a surprise move aimed at supporting the Chinese economy ahead of the National Day Holiday, the PBoC lowered its 14-day reverse repo rate by 10 basis points to 1.85% and pumped CNY 74.5 billion into the banking system through this tool. Additionally, the central bank injected CNY 160.1 billion via 7-day reverse repos, keeping the rate unchanged at 1.7%.

The PBoC's easing actions, including the rate cut and liquidity injection measures, were seen as a positive catalyst for Chinese stock markets. Following the central bank's announcement, the Shanghai Composite rose 0.4%, and the Shenzhen Component climbed 0.5% on Monday, September 23, 2024.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1186551896"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1186551896\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1186551896?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 16:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1186551896","market":"hk","top_or_hot":-1,"title":"Stock Track | Leveraged China ETF YINN Soars 12.6% Pre-Market on PBoC Easing","media":"Stock Track","content":"<p>The Direxion Daily FTSE China Bull 3X Shares (YINN), a leveraged exchange-traded fund tracking Chinese stocks, saw a remarkable pre-market surge of 12.62% on September 24, 2024. This significant gain came after the People's Bank of China (PBoC) unexpectedly cut interest rates and injected liquidity into the banking system on September 23, 2024.</p>\n\n<p>In a surprise move aimed at supporting the Chinese economy ahead of the National Day Holiday, the PBoC lowered its 14-day reverse repo rate by 10 basis points to 1.85% and pumped CNY 74.5 billion into the banking system through this tool. Additionally, the central bank injected CNY 160.1 billion via 7-day reverse repos, keeping the rate unchanged at 1.7%.</p>\n\n<p>The PBoC's easing actions, including the rate cut and liquidity injection measures, were seen as a positive catalyst for Chinese stock markets. Following the central bank's announcement, the Shanghai Composite rose 0.4%, and the Shenzhen Component climbed 0.5% on Monday, September 23, 2024.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Leveraged China ETF YINN Soars 12.6% Pre-Market on PBoC Easing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Leveraged China ETF YINN Soars 12.6% Pre-Market on PBoC Easing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-24 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Direxion Daily FTSE China Bull 3X Shares (YINN), a leveraged exchange-traded fund tracking Chinese stocks, saw a remarkable pre-market surge of 12.62% on September 24, 2024. This significant gain came after the People's Bank of China (PBoC) unexpectedly cut interest rates and injected liquidity into the banking system on September 23, 2024.</p>\n\n<p>In a surprise move aimed at supporting the Chinese economy ahead of the National Day Holiday, the PBoC lowered its 14-day reverse repo rate by 10 basis points to 1.85% and pumped CNY 74.5 billion into the banking system through this tool. Additionally, the central bank injected CNY 160.1 billion via 7-day reverse repos, keeping the rate unchanged at 1.7%.</p>\n\n<p>The PBoC's easing actions, including the rate cut and liquidity injection measures, were seen as a positive catalyst for Chinese stock markets. Following the central bank's announcement, the Shanghai Composite rose 0.4%, and the Shenzhen Component climbed 0.5% on Monday, September 23, 2024.</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":"1186551896","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186551896","pubTimestamp":1727165059,"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 , a leveraged exchange-traded fund tracking Chinese stocks, saw a remarkable pre-market surge of 12.62% on September 24, 2024. This significant gain came after the People's Bank of China  unexpectedly cut interest rates and injected liquidity into the banking system on September 23, 2024.In a surprise move aimed at supporting the Chinese economy ahead of the National Day Holiday, the PBoC lowered its 14-day reverse repo rate by 10 basis points to 1.85","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":"中国央行宽松政策推动股票赛道杠杆中国ETF YINN盘前飙升12.6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YINN":1},"content_text":"The Direxion Daily FTSE China Bull 3X Shares (YINN), a leveraged exchange-traded fund tracking Chinese stocks, saw a remarkable pre-market surge of 12.62% on September 24, 2024. This significant gain came after the People's Bank of China (PBoC) unexpectedly cut interest rates and injected liquidity into the banking system on September 23, 2024.\nIn a surprise move aimed at supporting the Chinese economy ahead of the National Day Holiday, the PBoC lowered its 14-day reverse repo rate by 10 basis points to 1.85% and pumped CNY 74.5 billion into the banking system through this tool. Additionally, the central bank injected CNY 160.1 billion via 7-day reverse repos, keeping the rate unchanged at 1.7%.\nThe PBoC's easing actions, including the rate cut and liquidity injection measures, were seen as a positive catalyst for Chinese stock markets. Following the central bank's announcement, the Shanghai Composite rose 0.4%, and the Shenzhen Component climbed 0.5% on Monday, September 23, 2024.","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"}}}