|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||24.61 - 25.26|
|52 Week Range||23.22 - 53.89|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
The tit-for-tat trade wars has been confounding the markets, causing the Dow Jones Industrial Average to spin like a whirling dervish the past few days after it was up 143 points on Tuesday and then slipped over 200 points on Wednesday, but Thursday belonged to China ETF bulls, particularly the Direxion Daily FTSE China Bull 3X ETF (YINN) . YINN seeks the daily investment results of the FTSE China 50 Index with a leveraged component. As a result, YINN is up 5.10% as of 2:15 p.m. Eastern Time.
Amid escalating trade tensions between the U.S. and China, the world's two largest economies, Chinese stocks and the related US-listed ETFs are slumping. China’s purchasing manager index readings for June already revealed a gauge of export orders falling, which suggested that the trade war is already impeding growth. Risk-tolerant traders may want to consider the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) .
While it's no question that the trade wars between the U.S. and China have been roiling the markets for both respective economic superpowers, China ETF traders will often have to wait and see how the market reacts in order to play the bull or bear, but Direxion Investments offers ETFs that allow traders to play both sides. Direxion offers the Direxion Daily FTSE China Bull 3X ETF (YINN) and Direxion Daily FTSE China Bear 3X ETF (YANG) to allow China ETF traders to be in the thick of the markets whether they decide to go long or short. Today marked the official day that U.S. President Donald Trump's administration began imposing tariffs on as much as 25 percent on $34 billion in Chinese imports.
According to data provided by Markit Economics, China’s final Markit services PMI (purchasing managers’ index) didn’t see any changes in May as compared to April. It stood at 52.9 in May, the same as in April. It didn’t beat the preliminary market estimate of 53.
Previously, we discussed some measures China could implement to counter US tariffs. Another route China could take would be currency devaluation. Devaluing the Chinese currency (CNY) against the US dollar (UUP) could partially offset the impact of tariffs, reducing costs of Chinese imports into the United States.
Donald Trump added fuel to the trade war fire by announcing that the United States would extend 10% tariffs to $200 billion of Chinese (GXC) imports if China retaliates in response to Trump’s previously announced tariffs on $50 billion of Chinese imports. This announcement was a result of China (FXI) suggesting that it would match any US tariffs imposed on Chinese imports.
Major emerging market economic indicators that investors should analyze this week are as follows: India’s (INDA) manufacturing PMI India’s service PMI Russia’s (RSX) manufacturing PMI Russia’s service PMI China’s (YINN) manufacturing PMI China’s (ASHR) service PMI Brazil’s (EWZ) manufacturing PMI Brazil’s service PMI Mexico’s manufacturing PMI Indonesia’s manufacturing PMI
Since China has the world's second-largest economy, investing there is attractive for many reasons. China is growing rapidly, and as the exchange-traded funds (ETFs) below indicate, there are some impressive returns to be made.
According to data provided by Markit Economics, China’s final Markit services PMI rose significantly in April. It was 52.9 in April compared to 52.3 in March. It beat the preliminary market estimate of 52.2.
The following are the major emerging market economic indicators that investors should analyze this week: India’s (INDA) Manufacturing PMI (Purchasing Managers’ Index) India’s Services PMI China’s (YINN) Manufacturing PMI China’s (ASHR) Services PMI Brazil’s (EWZ) Manufacturing PMI Brazil’s Services PMI Russia’s (RSX) Manufacturing PMI Russia’s Services PMI Indonesia’s Manufacturing PMI Mexico’s Manufacturing PMI Performance of the global market
According to Markit Economics, China’s service PMI (purchasing managers’ index) weakened in March, falling to 52.3 from 54.2 in February. It missed the market estimate of 54.5.
In March, China’s manufacturing PMI (purchasing managers’ index) indicated a solid rise in manufacturing activity, rising to 51.5 from 50.3 in February. It beat the market expectation of 50.5.
The world’s second-largest economy, China, has shown huge fluctuations in its economic growth in recent years. In 4Q17, China’s economy grew at an annualized rate of 6.8%. In 3Q17, the country’s growth rate was the same at 6.8%.