Another byproduct of the trade wars has been its effect on emerging markets. Direxion can allow traders to also play bull or bear with its Direxion Daily MSCI Em Mkts Bull 3X ETF (NYSEArca: EDC) and Direxion Daily MSCI Em Mkts Bear 3X ETF (NYSEArca: EDZ).

“Although China is an obvious bear pick, perhaps the biggest losers from the Administration’s pervasive trade gambit are emerging market economies who are stuck in the middle,” said Direxion. “Aside from direct tariff targets like China and Mexico, other emerging market countries like South Korea, India and Taiwan are in the precarious position of having their trade relationships strained as a result of the tariffs being lobbed around them.”

The MSCI Emerging Markets Index is lower by about 8.5% year-to-date. EDZ looks to deliver triple the daily inverse returns of that index while EDC tries to deliver triple the daily returns.

For more information on the Chinese markets, visit our China category.