Direxion Daily FTSE China Bull 3X Shares (YINN) soared 10.27% in pre-market trading on Friday, as investor sentiment toward Chinese stocks improved dramatically following news that China is considering reopening trade talks with the United States.

The surge in YINN was part of a broader rally among Chinese ADRs and ETFs. Other notable gainers included CWEB and Xiaomi, both up 7%, Xpeng rising 6%, and major tech giants Alibaba, PDD, and JD.com all advancing around 3%. This widespread uptick reflects growing optimism about the Chinese market and its economic outlook.

The catalyst for this market enthusiasm came from an announcement by China's Commerce Ministry, stating that they are evaluating the possibility of trade talks with the US. This development marks the first indication of potential negotiations since Donald Trump increased tariffs last month. The Ministry noted that senior US officials have repeatedly expressed willingness to engage in discussions about tariffs, and urged Washington to demonstrate "sincerity" in their approach to China. This potential thawing of trade tensions between the world's two largest economies could have significant positive implications for Chinese stocks and related ETFs like YINN, which aims to provide triple the daily performance of the FTSE China 50 Index.