Direxion Daily FTSE China Bull 3X Shares (YINN) surged 5.96% in the 24-hour trading session, reflecting a strong upward movement for the leveraged ETF.
The rally was part of a broader positive trend in Chinese ETFs and ADRs, with notable gains across the sector. Baidu led the pack with a 10% increase, while YINN and CWEB rose 6%. Other major Chinese stocks like Netease, Nio, Li Auto, Alibaba, JD, Trip.com, and XPeng also posted significant gains, indicating strong investor sentiment toward Chinese equities.
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