The Direxion Daily FTSE China Bear 3x Shares (YANG) surged 4.18% to close at $69.34 on December 13, as Chinese equities faced significant declines amid investor disappointment over the lack of concrete stimulus measures from Beijing. The Nasdaq Golden Dragon China Index fell over 2%, with major Chinese stocks like Fangdd Network Group and KE Holdings dropping sharply. The Hang Seng Index and Shanghai Composite Index both fell by more than 2%, reflecting weak market sentiment. The Central Economic Work Conference in Beijing failed to provide detailed fiscal or monetary easing steps, leading to a sell-off in Chinese markets. Additionally, concerns over potential trade tensions with the U.S. and the absence of aggressive stimulus measures further dampened growth expectations.