The tit-for-tat trade wars has been confounding the markets, causing the Dow Jones Industrial Average to spin like a whirling dervish the past few days after it was up 143 points on Tuesday and then slipped over 200 points on Wednesday, but Thursday belonged to China ETF bulls, particularly the Direxion Daily FTSE China Bull 3X ETF (NYSEArca: YINN).

YINN seeks the daily investment results of the FTSE China 50 Index with a leveraged component. The index climbed over 200 points in the last Hong Kong Stock Exchange trading session, giving YINN a boost times three.

YINN Over YANG, China ETF Favors BullsAs a result, YINN is up 5.10% as of 2:15 p.m. Eastern Time. The prop up in today’s trading session is a welcome uptick given that YINN is down 25.34% year-to-date as the tariff wars rage on between the United States and China.

Related: Trade War Trades

Conversely and as expected, this is a stark contrast in comparison to its bearish brother ETF–the Direxion Daily FTSE China Bear 3X ETF (NYSEArca: YANG)–down 4.86% on the day thus far. However, unlike its bullish brother that is feeling the pangs of a downtrodden China FTSE 50 the last six months, YANG is up 1.67% year-to-date.

China Ready to Negotiate

U.S. President Donald Trump one-upped China on Tuesday with a 10 percent tariff on $200 billion worth of Chinese goods. However, China is poising itself for a retaliation to the Trump administration’s latest tariff attack with possibly a diplomatic response.

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