The Direxion Daily FTSE China Bull 3X Shares (YINN) experienced a volatile trading session on Monday, initially plunging 5.04% in the 24-hour period before the market open. However, the leveraged ETF tracking Chinese stocks later staged a remarkable recovery, surging by 24% during intraday trading.
The early plunge in YINN came amid broader weakness in the tech sector, with the Nasdaq Composite falling 0.3% in the morning session. However, the tide turned as news emerged that China's top leaders had signaled a shift towards a more "appropriately loose" monetary policy in 2025, aiming to provide stronger economic support.
In response to this policy announcement, Chinese stocks and related ETFs rallied sharply, with YINN leading the charge among leveraged China-focused funds. The news reignited investor enthusiasm for Chinese assets, as the country aims to drive economic growth through measures such as potential interest rate cuts and increased fiscal spending.
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