
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X ETF is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of China. The fund invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the FTSE China 50 Index. Direxion Shares ETF…
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Chinese stocks fell into bear-market territory on Thursday after a record 10-week losing streak, as disappointing corporate earnings and fading expectations of government stimulus deepened the sell-off. The CSI 300 index dropped roughly 20% from its June peak, crossing the conventional threshold for a bear market.

China's gasoline and diesel inventories have fallen to their lowest levels in more than a decade as exports surge and domestic demand recovers seasonally, according to GL Consulting.

China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations.

The Hang Seng Index has outperformed its major Asian peers this year, even as the Kospi and Nikkei 225 have come under pressure. The index has rebounded nearly 14% from its lowest level this year, while the Nikkei 225 and Kospi have fallen about 15% and 40%, respectively, from their year-highs.

Chinese regulators are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday.