The Direxion Daily FTSE China Bear 3x Shares ETF (YANG) is experiencing upward momentum as tensions in the U.S.-China trade relationship continue to weigh heavily on Chinese markets. The U.S. Postal Service's decision to halt inbound parcels from China and Hong Kong has added to the strain, negatively impacting Chinese e-commerce platforms. Additionally, the broader Chinese markets are under pressure from the ongoing trade war, with tariffs posing a significant challenge to China's renminbi and stock market. Despite a surge in AI-related stocks linked to DeepSeek, the overall sentiment remains cautious, as evidenced by the decline in major indexes like the CSI 300 and Shanghai Composite.
The current price of YANG is $58.78, reflecting a 4.11% increase from the previous close.