Stock Track | Direxion Daily FTSE China Bull 3X Shares (YINN) Plunges 5.05% in Pre-Market on Weak China Data, US Labor Report Jitters

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Direxion Daily FTSE China Bull 3X Shares (YINN) tumbled 5.05% during pre-market trading, reflecting heightened investor concerns over China’s economic slowdown and caution ahead of key US labor market data.

The leveraged ETF, which amplifies returns of the FTSE China 50 Index, mirrored a broad decline in Chinese equities. November economic data showed retail growth at its weakest since the pandemic, alongside contractions in fixed-asset investment and persistent declines in home prices. Meanwhile, traders awaited a delayed US jobs report, with strong readings potentially dampening hopes for Federal Reserve rate cuts and exacerbating valuation worries for tech-heavy Chinese ADRs.

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