The FXI, a China-focused exchange-traded fund (ETF), is set to open down 9% on October 8, 2024, marking its second-worst session since March 2020. Additionally, the ASHR China ETF is experiencing a significant decline of 13% in premarket trading, potentially its worst session in 11 years. Analysts have noted that the FXI is facing considerable challenges, with one expert indicating it is 'in big trouble' but suggesting that there may be opportunities for support in the future. On October 9, the FXI is projected to decline further by 2.6% in premarket trading, indicating ongoing volatility in the market.