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.