The Direxion Daily FTSE China Bear 3x Shares (YANG) closed down 3.45% at $73.99 on January 15, 2025, as Chinese markets faced a challenging start to the year. The Shanghai Composite Index fell 0.43% to 3,227.12 points, while the Shenzhen Component Index dropped 1.03% to 10,060.13 points. The Hang Seng Index in Hong Kong managed a slight gain of 0.34% to 19,286.07 points, buoyed by financials and property stocks, but concerns over trade tensions with the U.S. and upcoming Chinese economic data capped further gains. China's central bank injected significant liquidity into the economy to meet demand ahead of the Lunar New Year, yet the market remains cautious amid fears of a potential trade war with the U.S. under the incoming Trump administration. Additionally, the Chinese economy is expected to report slower growth for 2024, adding to the bearish sentiment.