Direxion Daily FTSE China Bull 3X Shares (YINN) soared 7.57% in pre-market trading on Monday, as investors reacted positively to substantial progress in US-China trade talks. The leveraged ETF, which provides 3x exposure to Chinese stocks, outpaced the general uptrend seen in Chinese ETFs and ADRs following the weekend's diplomatic breakthrough.

The surge comes after US and Chinese officials reported "substantial progress" following two days of talks in Switzerland aimed at de-escalating trade tensions. Both sides agreed to create a mechanism for further discussions, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. The positive outcome of these talks has sparked optimism among investors about improved US-China relations and potential economic benefits for Chinese companies.

While specific measures are yet to be announced, the constructive tone from both parties has buoyed market sentiment. Other Chinese ETFs and ADRs also saw significant gains, with CWEB, PDD, and JD up 4%, and Alibaba rising 3%. As YINN provides leveraged exposure to Chinese stocks, its pronounced 7.57% increase reflects amplified investor enthusiasm for the Chinese market following this diplomatic progress.