boyutpedia Chapter 1328 [Visible Restoration of Faith]
Chapter 1328 [Visible Restoration of Faith]
Chapter 1328 [Visible Restoration of Faith]
On Thursday, February 2, the three major stock indices of the A-share market fell across the board again.
新证50指数失守3400点关口，收跌-1.00%，报3386.80点；沪指收跌-1.43%，报3262.05点。
At midnight, it was daytime in Northern Magnesium at the same time. At this time, an American congressman publicly stated that Qunxing Capital and its many subsidiaries had posed a serious security threat to Northern Magnesium, and proposed a severe ban on Qunxing Capital, including removing it from the SWIFT settlement system.
Mainstream media in the West also followed suit and launched extensive coverage, leading public opinion to say that Qunxing Capital posed some security threat to America and so on.
First there were rumors, and then today's calls from congressmen seemed to be telling everyone in the world that America is serious about this.
After the news reached China, it became the headline news of major media as soon as dawn broke on Friday, February 2. At this time, all kinds of evil spirits who had a bad relationship with the Stars became inexplicably excited, and they started to spread negative remarks that the Stars were going to collapse, trying to create a phenomenon of everyone pushing down the wall when it fell.
The country is also not idle in this matter. It is responding to each move and playing the game. If Lao Mei wants to play, then we can play with him slowly.
The parties involved were not anxious, but the spectators were. Many people outside were worried about the stars. Many people felt that Lao Mei was going to take real action against the stars. In addition, under the influence of many remarks, some people were worried that this incident would trigger a chain reaction, and the panic index in the capital market also soared significantly.
But when Fang Hong, the person involved, saw the news, he knew that his judgment was correct. Lao Mei's operation seemed to be increasing in intensity step by step, but in fact it was just tactical intimidation, an act of constant testing, and even an opportunistic behavior.
If Lao Mei wanted to take real action, he would never be so twisted. It seems that he is increasing the intensity step by step, but in fact he is leaving himself a way to retreat and a way out.
Fang Hong's Weibo is now being bombarded with private messages, messages, and comments from thousands of netizens, but he is not on Weibo at all at this moment. Of course, he knows that his Weibo must be very lively at this moment.
The outside world also wants and is waiting for him to respond to this matter.
However, he will not come out and say anything, because there is nothing good to say. It is obviously impossible to say soft words, but he also cannot say in a tough manner, "Old Mei, if you have the ability, come, otherwise you are my grandson."
You can't say that. If you do that in front of the whole world, he won't be able to back down from the situation and might just go ahead with it, which will bring him trouble that could have been avoided.
Now it's just a game of chicken.
Fang Hong was sure that Lao Mei was a coward, so he didn't try to provoke him and ignored him. If he really showed his face to Lao Mei in public, Lao Mei would find an excuse to deal with him, and then it would be like Lao Mei had a legitimate reason to do so, and he would be in a passive position.
Ignore it, don't pay any attention, just watch Lao Mei perform quietly, don't respond, Lao Mei performs awkwardly for a while and then ends it hastily.
If Lao Mei really rushes in, then Fang Hong will have a legitimate reason to do so. Having a legitimate reason to do so is very important.
If Lao Mei is a coward, he will find a way to back down after yelling for a while, and then let it go.
Fang Hong knew very well what he should and should not do now.
The most important thing now is not to talk nonsense online. There will be people fighting on the national WJB side, and you have to counter their moves. Fang Hong’s main task now is to hold on to the SGX. This is the correct way to open it.
……
Investors from all walks of life were affected by panic. Today, the three major A-share trading markets all suffered heavy losses and opened sharply lower. The Shanghai Composite Index plunged by more than 6 percentage points at one point, falling to 3062 points.
新证50指数也在10点50分左右的时候暴跌至5.32%，最低下探至3206.76点，不但3300点被击穿，3200点也岌岌可危。
It has fallen sharply from its historical peak and has now fallen by 11.5% cumulatively. The SGX market has also lost 5 trillion yuan in market value in a short period of time, which is equivalent to losing two first-tier cities in the universe.
Moreover, the H-shares have also plummeted in the past few days, and today they fell below the 3-point mark. In just a few days, it has fallen from 33484 points to 29000 points. This integer mark is also in jeopardy, and the Hang Seng Index's annual line has been broken and turned green.
It can be seen that this news also shocked a lot of global capitals, as they were not as confident and calm as Fang Hong.
Overseas professional investment institutions also know the correlation effect between the SGX market and Qunxing. If Qunxing Capital is really kicked out of the SWIFT settlement system, not only will the investment value of the SGX market have to be re-evaluated, but even the series of chain reactions that this "black swan" will bring about are unpredictable.
"The stabilization fund and the second phase of the wealth fund are ready to be put into use. Just execute according to the plan." Fang Hong stared at the trend of the New Securities 50 Index while remotely directing his men at home.
The operation team was already on standby and immediately executed the plan upon receiving the order from the big boss.
First, the funds raised by the second phase of the wealth fund entered the market and bought 265 billion in one minute. These were all real off-market incremental funds, which caused the New Securities 50 Index to fall to 3206 points and then stopped falling, and then began to rebound.
The plan for the second phase of the funding today is to inject 800 billion in liquidity from the OTC market.
At around 14:20 p.m., a piece of blockbuster news encouraged investors from all walks of life in the market. The news came out that the Singapore Exchange's trillion-yuan stabilization fund is expected to inject 3000 billion yuan into the market within the first quarter.
This is almost equivalent to launching an open market operation, telling you that I will spend so much money to enter the market next, and I will definitely spend so much money to enter the market.
As soon as the news came out, the confidence of investors in the SGX market was greatly boosted. This is the second operation since the establishment of the SGX Stabilization Fund. Many people remember that the last time the stabilization fund took action was during a big drop and the panic index exploded, but after that it went bullish all the way and broke through the previous high.
Now it has taken action again, although the event-driven action is different, the effect is similar. It is obvious that the Stabilization Fund has identified the bottom of the Singapore Exchange at 3200 points, and is bearish to this position at most. Otherwise, the Stabilization Fund will use real money to support the market and prevent it from falling further.
Boosted by the news, the Xinzheng 50 Index continued to rebound upward in the last half hour of trading, and even the Shanghai Composite Index next door was pulled up and began to narrow its losses.
Many investors, seeing the stabilization funds taking action, overcame their fears and boldly bought at the bottom.
As of closing, the decline of the SSE 50 Index narrowed to -2.96% at 3286.48 points; the Shanghai Composite Index closed down -4.05% at 3129.85 points; and the Shenzhen Component Index closed down -3.58% at 10001.23 points.
Investors in the SGX market praised it highly, saying that when it rises, it is more aggressive than its neighbors, and when it falls, it is more resilient than its neighbors. The gap is widening bit by bit. Many people are also discussing the stabilization fund, and there is a heated discussion in the stock bar comment section and exchange group.
[Today, the stabilization fund is the "rescuer" of the market. If it had not intervened at the critical moment, the New Securities 50 Index would have definitely broken through 3200 points in today's panic stampede.]
[SGX is indeed very good at responding to sudden crises.]
[Such a panic situation was unexpectedly stabilized today, and it started to recover directly at the end of the trading day. Confidence is visibly recovering.]
[After all, there is a hot man standing behind this. Yes, I am talking about God K. I don’t believe that God K is not playing a role in today’s situation.]
[The man is no longer in the martial arts world, but the legend of this hot man is still circulating in the martial arts world... (Shiba Inu.jpg)]
[Look carefully and study hard next door, the stabilization fund is not released yet? You won’t copy the ready-made homework? ]
[Forget it. The biggest problem next door is not something that can be solved by a stabilization fund. Even if it is stabilized, it will be useless. Who knows where the money has gone.]
[Hahaha, it’s so hard…]
[The problems next door are well known, such as restricted stock transfer, fraudulent listing, insider trading, illegal low cost, short selling mechanism, etc. We know, they know, they know, they know we know, they know, but they just refuse to change and pretend to be ostriches... That's a shame, I'm not going to play next door anyway, isn't the SGX 50ETF good?]
[I have not looked at the neighboring stock market index for a long time. Now I only look at the Xinzheng 50 Index.]
[Me too! ]
……
(End of this chapter)