offloaded $Direxion Daily FTSE China Bull 3X Shares(YINN)$ for now. planning to buy back in September's lows. Feeling a bit cautious about the market right now, so I'm taking a break. Anyone else doing the same?
US-China Trade Progress Boosts Chinese ETFs and ADRs, YINN Surges 5%
Chinese ETFs and ADRs experienced significant gains following positive developments in US-China trade talks. YINN surged by 5%, while CWEB, PDD, JD, and Alibaba also saw notable increases. The trade progress between the two countries led to a surge in investor confidence in the Chinese market. YINN, a leveraged ETF tracking the FTSE China 50 Index, reacted sensitively to the positive news.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments