Direxion Daily CSI 300 China A Share Bear 1X Shares

Direxion Daily CSI 300 China A Shares Bull 2X Shares (NYSE: CHAU) was trading higher on Wednesday but pulled back to near flat after the Federal Reserve applied a 0.5% interest rate hike. The reaction was in tandem with the S&P 500, which was attempting to bounce but suffered a bearish reaction to the 2 p.m. news from the Fed. China-based stocks have rebounded significantly since Oct. 31, with CHAU surging up over 42%. The Hang Seng Index has soared about 34% since that date, most recently propelled by Xi Jinping’s decision to halt the CCP’s "zero-COVID" policy, which caused economic woes for the Asian country. CHAU is a double-leveraged fund designed to outperform the CSI 300 Index by 200%. The ETF tracks several China-based ETFs, with Xtrackers Hvst CSI 300 China A-Shs (NYSE: ASHR) ...

Related tickers: ASHR, CHAU, CHAD.

With China beginning to cut its interest rates, while the West raises them, Chinese equities may see a turnaround in 2022. Haining Zha, Portfolio Manager, TD Asset Management, tells us more.

Related tickers: ASHR, BABA, FXI, MCHI, KBA, CAF, CHAU, CNYA, AFTY, CHAD, KALL, ASHX, ASHS, GLCN, CNXT, KSTR, CXSE, CN, PGJ, EWH, EWT, GXC, FCA, CHB, CHIQ, CHII, CQQQ, CHIX, CHIE, CHIM, ECNS, KFYP, KWEB, KGRN, FLHK, FLCH, FLTW, KURE, CHNA, CHIC, CHIK, CHIH, CHIU, CHIS, CHIR, KESG, KFVG, KEJI, RAYC, KTEC, KBUY, TDF, YINN, YANG, FXP, XPP, YXI.