Amid escalating trade tensions between the U.S. and China, the world’s two largest economies, Chinese stocks and the related US-listed ETFs are slumping.

Recently, Shanghai markets have slipped into a bear market amid concerns the economy will struggle due to rising tensions with the U.S., Bloomberg reports.

China’s purchasing manager index readings for June already revealed a gauge of export orders falling, which suggested that the trade war is already impeding growth.

Risk-tolerant traders may want to consider the  Direxion Daily FTSE China Bull 3X ETF (NYSEArca: YINN) and Direxion Daily FTSE China Bear 3X ETF (NYSEArca: YANG). YINN, the bullish fund, seeks to deliver triple the daily returns of the FTSE China 50 Index while YANG looks to deliver triple the daily inverse returns of that benchmark.

Related: Is Trade War the “New Normal”?

Catalysts For YINN And YANG

“Certainly one of the most visible bear targets, Chinese industry has been hit hard by the first round of tariffs on steel and aluminum exports. The most recent sell-off in Chinese equity came on the threat of investment restrictions on Chinese-owned companies into U.S. Companies. This, in addition to proposed tariffs on Chinese Electronics, aim to hit the country in its thriving tech industry,” according to Direxion.

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