Direxion Daily FTSE China Bull 3X Shares (YINN) surged 5.09% during intraday trading on Monday, reflecting a strong rally in Chinese stocks. The leveraged ETF, which tracks the performance of Chinese equities, benefited from a broad uptick in Chinese ETFs and ADRs, including notable gains in Kingsoft Cloud, Alibaba, and Baidu.
The rally coincided with a historic milestone for China's stock markets, as the total turnover in Shanghai and Shenzhen surpassed RMB 3.5 trillion for the first time. This record-high trading activity signals robust investor participation and strong market liquidity, further fueling bullish sentiment in Chinese equities.
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