|Bid||0.00 x 3000|
|Ask||0.00 x 2200|
|Day's Range||20.19 - 20.47|
|52 Week Range||15.95 - 27.54|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.28|
|Expense Ratio (net)||1.52%|
President Donald Trump and Chinese President Xi Jinping will meet at the G-20 summit in Japan, a get together that is widely expected to bring much anticipated relief to the trade tensions between the world's two largest economies. “What remains far more crucial about this meeting is whether it helps steer the increasingly complex relationship back on a familiar course or whether it stirs winds and currents that sweep us further off into uncharted waters,” according to a recent note by Christopher Smart of the Barings Investment Institute. Ahead of the G-20 meeting, there have some signs traders are betting on a favorable outcome and are using the triple-leveraged YANG to make those bets.
Persisting trade tensions with the U.S. are starting to affect China's job market, according to China’s top economic planning body. “Due to (the) impact from the continued increase of China-U.S. economic trade frictions and other uncertainties, recruitment demand for university graduates is tightening in internet, finance and other industries,” according to a statement to CNBC from a spokesperson for the National Development and Reform Commission (NDRC). Bearish exchange-traded funds (ETFs) like the Daily FTSE China Bear 3X Shares (YANG) could see strength if a languishing job market has broader effects on the country's economy.
If you want someone to paint a rosy picture of the global economy, you might not want to ask French Finance and Economy Minister Bruno Le Maire. At the G-20 Finance Ministers Meeting in Fukuoka, Japan, Le Maire cited the escalation of a U.S.-China trade war as the prime culprit. “We do not have the growth figures we should have because of the trade tensions between the U.S. and China,” Le Marie said.
In the current environment, it is not surprising that YINN is getting drubbed while YANG is surging. On Monday, YINN plunged 10 percent on above-average volume, extending its one-week loss to just over 21 percent.
With trade tensions again running hot between the U.S. and China, stocks in both countries are being punished, but that scenario is putting the spotlight on a pair leveraged exchange-traded funds. What ...
Panda bears might be native to China, but it was exchange-traded fund (ETF) bears dwelling in the Chinese equities space on Tuesday with the Daily FTSE China Bear 3X Shares (YANG) . As the threat of trade wars permeated the capital markets, YANG was up 8.03 percent. U.S. President Donald Trump threatened to impose a higher an increase in existing tariffs on Chinese goods on Friday with the hope that it will force China's hand in relenting to a trade deal.
A question for investors today is how they want to react to President Trump threatening to put more tariffs on Chinese goods. Let’s explore the issue with the help of a chart. Chart Please click here for an annotated chart of ETF S&P 500 ETF (SPY) which represents the S&P 500 Index (SPX) Please note the following: • The Chinese are notorious for dragging out negotiations to get the best deal.
Global economic fears on Friday took a back seat with data coming out of the United States revealing that the labor market remains robust, but the primary trigger event is still a U.S.-China trade deal ...
Two areas, in particular, are in China and robotics. While ongoing trade negotiations between the U.S. and China have the capital markets eagerly anticipating a tangible trade deal, stimulus measures by the Chinese government to prop up the domestic economy are starting to take its effect. A mix of Chinese stimulus measures have been providing the fodder for economic growth, such as lower taxes, no corporate tax breaks, monetary policy adjustments, and more market access for foreign companies to set up shop.
China ETFs are benefitting after index provider MSCI Inc. announced it would quadruple its weighting of large-cap Chinese shares in its benchmark indexes. ETFs like the Direxion Daily FTSE China Bull 3X ...
Amid bullishness, many investors have turned confident on China stocks and are seeking to tap this opportunity with a leveraged play.
China ETFs went higher on Friday after index provider MSCI Inc. announced it would quadruple its weighting of large-cap Chinese shares in its benchmark indexes. China ETFs went higher, such as the iShares China Large-Cap ETF (NYSEArca: FXI) was up 1.11% and the iShares MSCI China ETF (MCHI) rose 0.82 percent. For traders, the Direxion Daily FTSE China Bull 3X ETF (YINN) rose about 3 percent. In a press release on Thursday, MSCI Inc. announced it would increase the weight of China A shares in the MSCI Indexes by increasing the inclusion factor from 5% to 20% in three steps.
Optimism is prevailing around U.S.-Sino trade, oil price and U.S. government shutdown. This should boost the following leveraged ETFs.
With the U.S.-China trade truce nearing its 90-day deadline, a meeting between U.S. President Donald Trump and Chinese President Xi Jinping appears “highly unlikely,” per a report by CNBC. This caused ...
The Asian markets didn't receive Chinese President Xi Jinping's rousing speech on the economic progress of China warmly as the major indexes fell following the hour-and-a-half-long discourse at Beijing's Great Hall of the People on Tuesday. Xi's superlatives included future initiatives that will come in the form of "miracles that will impress the world." However, the Asian markets were anything, but impressed. "Asian markets followed the US lower overnight as Japan’s Nikkei led the way down, finishing lower by 1.8%.
While a trade deal between the United States and China could give Direxion Daily FTSE China Bull 3X ETF (YINN) traders the trigger event for positive gains, a second catalyst could come in the form of stimulus measures to nudge the country's economy forward. Last Friday, capital markets in China were flush with red as the country reported that industrial output and retail sales growth numbers for November fell short of expectations–a sign that China’s economy is losing its forward momentum. The weaker data also reflects the ramifications of the ongoing trade war with the United States, which could play heavily in trade discussions moving forward as China may be forced to give up more concessions to make a deal.
The Direxion Daily FTSE China Bull 3X ETF (YINN) got lifted on Tuesday as news outlets were flush with mostly positive news on U.S.-China trade talks progressing in the right direction. As the rest of the stock market toiled over volatility, YINN was up over 3 percent. The Dow Jones Industrial Average climbed over 200 points on Tuesday on renewed optimism that a permanent trade deal between the United States and China was progressing based on a Bloomberg report that China would slash the current 15 percent tariff on cars to 40 percent.
A meeting with high-level officials doesn't get any higher when U.S. President Donald Trump and Chinese President Xi Jinping will be in the same room at the G-20 Summit scheduled to take place on November 30 in Buenos Aires. An October replete with sell-offs and a start to November that saw U.S. equities rally following the conclusion of the U.S. midterm elections was followed up by the return of trade wars racking the markets. Escalating trade tensions resumed when reports surfaced that President Donald Trump is threatening to install more tariffs, particularly on vehicles manufactured overseas.
An October replete with sell-offs and a start to November that saw U.S. equities rally following the conclusion of the U.S. midterm elections was followed up by the return of trade wars racking the markets as the Dow Jones Industrial fell by as much as 500 points on Monday. Doing much of the damage was reports that U.S. President Donald Trump is threatening to install more tariffs, particularly on vehicles manufactured overseas. President Trump has considered implementing a 25% tariff on cars made overseas in the beginning of the year, but resistance from auto manufacturers and international governments have largely put those efforts on hold.
One of the primary reasons emerging markets stocks and exchange traded funds are struggling this year is slumping Chinese shares. Some traders are forecasting more declines for Chinese equities, which could benefit the Direxion Daily FTSE China Bear 3X ETF (YANG) . YANG looks to deliver triple the daily inverse returns of the FTSE China 50 Index (TXIN0UNU).
China's latest GDP numbers may have slowed to 6.5% year-over-year in the third quarter, missing expectations of 6.6%, but the Direxion Daily FTSE China Bull 3X ETF (YINN) is up 4.56%. The bulls overtaking the bears was evident in the biggest China ETFs based on total assets--iShares China Large-Cap ETF (NYSEArca: FXI) was up 2.07%, iShares MSCI China ETF (MCHI) rose 1.48% and KraneShares CSI China Internet ETF (KWEB) gained slightly at 0.10% as of 2:45 p.m. ET. Chinese regulators have already sought measures to defuse risks related to shares used as collateral for loans, while the recent declines in the country's stock market have created a good buying opportunity, Liu a member of the politburo of the ruling Communist Party of China, told the People's Daily - the party mouthpiece.
Emerging markets have lagged the United States in 2018, and China has been one of the weakest performers. Tariffs have caused the Chinese economy to slow, and there does not appear to be an end to the pain in sight. Investors could choose to pick individual stocks to gain exposure to China or take a more diversified approach by selecting an ETF, such as the Daily FTSE China Bull 3X Shares (YINN).