Stock Track | YINN Plunges 5.38% as Chinese ADRs and ETFs Face Broad Sell-Off

Stock Track12-16

Direxion Daily FTSE China Bull 3X Shares (YINN) dropped sharply by 5.38% during overnight trading, mirroring a broader decline in Chinese equities. The leveraged ETF, which amplifies the performance of the FTSE China 50 Index, was hit by negative sentiment across Chinese American Depositary Receipts (ADRs) and exchange-traded funds (ETFs).

Market data showed widespread weakness in Chinese stocks, with major names like Alibaba, NIO, and JD.com also falling around 2%, while PDD, XPeng, and Li Auto slid over 1%. The sell-off reflects heightened investor caution toward Chinese markets, though no specific catalyst was identified in the immediate news flow.

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