Direxion Daily FTSE China Bear 3X ETF
Analysts are suggesting that their clients be prepared for a bumpy ride with escalating trade concerns.
Wow. Just wow. Chinese markets are off 25% on average. It has been total carnage since the trade war started with the United States.
China’s (FXI) economic activity slowed down in May 2017 as the country’s manufacturing activity touched its 11-month low.
The Chinese yuan has been falling against the US dollar since the beginning of 2016 due to risk aversion driving capital outflows out of emerging markets.