The Direxion Daily FTSE China Bear 3x Shares ETF (YANG) closed down 24.22% at $57.40 on December 9th, as Chinese stocks surged following policy shifts and market developments. The Chinese government's announcement of a "moderately loose" monetary policy for 2025, as reported by Xinhua News Agency, has fueled optimism in the market, leading to significant gains in Chinese equities. This policy shift is expected to include more interest-rate cuts, moving away from the long-standing "prudent" strategy. Additionally, Chinese fintech stocks, including UP Fintech and Futu Holdings, saw substantial gains after China signaled a looser monetary stance. The investigation into Nvidia by China's State Administration for Market Regulation over potential antimonopoly violations also played a role, as it initially pressured tech stocks but was overshadowed by the broader market rally. The U.S. dollar's decline further supported the positive sentiment in Chinese markets.