Stock Track | Direxion Daily FTSE China Bull 3X Shares (YINN) Soars 21.30% Pre-Market on China's Shift to "Moderately Loose" Monetary Policy

Stock Track12-09

The Direxion Daily FTSE China Bull 3X Shares (YINN) experienced a massive surge of 21.30% in the pre-market session on Monday, following the announcement by China's top policymakers to embrace a "moderately loose" monetary strategy next year.

China's Communist Party's Politburo revealed the first major shift in monetary policy since 2011, indicating a more accommodative stance to stimulate the economy. Authorities also stated that they will implement a "more proactive" fiscal policy, suggesting increased government spending and borrowing to support growth.

These policy changes were welcomed by investors, leading to a broad rally in China ETFs and ADRs overnight. The shift towards looser monetary conditions is expected to boost economic growth and domestic consumption in China, potentially benefiting the companies and sectors represented in the YINN ETF.

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