August went down as the worst one-month showing for Asian stocks in three years and China is a big reason why. The Shanghai Composite was lower by 2.6 percent on Monday, while Hong Kong's Hang Seng was off 0.8 percent.
The Shanghai Composite, the benchmark index for mainland Chinese equities, is looking at an August loss of 13.1 percent. Monday's declines could be a sign that recent departures from inverse China exchange traded funds, including the Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSE: CHAD) and the Direxion Daily FTSE China Bear 3X Shares (NYSE: YANG), may prove to be hasty. The two ETFs have lost $84 million combined this month.
Hanging CHAD
CHAD is the only U.S.-listed inverse answer to A-shares stocks, acting as the bearish equivalent of the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE: ASHR) and ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5801321/the-bull-case-for-bearish-china-etfs alt=The Bull Case For Bearish China ETFs>Full story available on Benzinga.com
More...