boyutpedia Chapter 1327 [Spread of Panic]
Chapter 1327 [Spread of Panic]
Chapter 1327 [Spread of Panic]
The peripheral markets collapsed, and the news spread across the ocean to the mainland, also causing panic, mainly because the Beijing-Metallic stock market fell too sharply last night.
Everyone is looking for reasons for the crash, and many people were caught off guard.
The next day, Tuesday, February 2, another thing happened early in the morning and became a hot topic on the Internet. Many netizens who do not trade stocks were participating in the discussion. They were criticizing the person who is now known as "the king of the world's top stream who knows more than anyone else".
Magnesium stocks plummeted last night, and netizens in Northern Magnesium began to discuss it heatedly and quickly spread the topic around the world, attracting netizens around the world to join in.
In addition to the wailing and sighing about the stock market crash, some curious American netizens dug up what Dongwang once said online: If the Dow Jones falls more than 1000 points that day, then the current president should be loaded into a cannon and shot into the sun at an alarming speed! No excuses!
In fact, this was a spoof post by a netizen with an English nickname on his Instagram account, which was intended to make fun of Dong Wang's controversial remarks. However, it unexpectedly went viral online, and many people believed that it was Dong Wang who said it.
Last night, magnesium stocks plummeted and the Dow Jones Industrial Average fell 1175 points, so many netizens dug up this meme again and made fun of it, and it became popular again.
People who don't invest in stocks are having a lot of fun playing with the memes, but people who invest in stocks are very panicked at this moment, because just when many netizens were playing with the memes, a shocking news broke out around 8 o'clock in the morning.
A so-called insider revealed on the Internet that Beimei is planning to kick Qunxing Capital out of the SWIFT settlement system.
When this news reached the mainland, the capital market suddenly exploded and the panic index soared.
If the news is true, doesn't that mean that Qunxing Capital was kicked off the poker table? You should know that Qunxing Capital's main source of income now is gambling in the international foreign exchange market.
In fact, global capital secretly envies and admires the unique foreign exchange strategy capabilities of Star Capital. No matter what, they can make money by following the existing rules of the game, and it is impossible not to accept it.
And there is nothing you can do to him because he has not used any means beyond the rules of the game. Even if he has, no evidence has been found until now. On the contrary, other people often use underhanded methods.
Everyone plays this way, but he can make money while standing and make a lot of money.
There is no doubt that if the news is true, it will have a huge impact on the income of Qunxing Capital and will cause a series of chain reactions. A series of super projects and strategic plans ahead of Qunxing will be affected to varying degrees, and may even trigger a systemic crisis, especially in the SGX market. Everyone knows that Qunxing is the absolute guiding star and ballast stone of this market.
Many people just saw this news and exclaimed that Lao Mei is going to cut off the source of the problem. Danger!
Affected by this negative news, the New Securities 50 Index, which had just rebounded and showed signs of stabilization yesterday, plummeted and fell below the 3500 point mark today. It closed down -2.64% at 3468.80 points, with a trading volume of 7400 billion.
This is the result of Fang Hong's early preparation, otherwise the stock market would have plummeted by 5 percentage points today.
The SGX market has its backers no matter what, but the two neighboring markets fell even worse, with the Shanghai Composite Index plummeting -3.35%, the Shenzhen Component Index plummeting -4.23%, and especially the Shenzhen ChiNext Index plummeting -5.34%, setting a new historical low.
As it is true that misfortunes never come singly, in addition to the negative news from the external market that hit market confidence hard, the mainland itself also faced major negative news. Positive policies regarding financial deleveraging have been implemented one after another, three of which are related to the secondary stock market.
First, trust funds will be deleveraged, including suspending the addition of intermediate-level margin financing businesses and single-ticket margin financing businesses; second, asset management plans will be deleveraged, and companies with shareholders in asset management plans will face pressure to reduce their holdings; third, equity pledge financing needs to be re-regulated in accordance with the new regulations.
In addition, the performance bombs of neighboring listed companies also exploded, hitting the confidence of investors on the main boards of the two cities.
Recently, listed companies in Shanghai and Shenzhen stock markets have collectively announced their operating results for 2017. A few companies have announced results that exceeded market expectations, but have incurred huge losses. Some have even been suspected of financial fraud, dealing a huge blow to investor confidence.
A typical case is LeShi.com. After its listing on the Growth Enterprise Market, the company has been one of the leading companies in the Internet industry that has attracted much attention from the market. In May 2015, the company's market value once reached 5 billion. However, its actual controlling shareholder, Mr. Jia, has been stranded in Magnesium since last year and has defaulted on a large number of debts. He is always in the state of returning to China next week.
The company announced today that it expects to lose 2017 billion yuan in 116. The company has had no record of losses since its listing. Such a huge loss also challenges the market's tolerance. Moreover, it was suspended from trading in early April 2017 until it resumed trading after the annual report was announced on January 4 this year. Until today, there have been 1 trading days. After resuming trading, it has been down for 24 consecutive days.
The investors who were trapped in the stock market were wailing everywhere. Their stocks had been cut in half to begin with, and now they have suffered a loss of -65% since the stock market resumed trading. It can be said that their stocks have been cut in half again, and then cut in half again.
What comforts investors is that the listed companies on the Singapore Exchange are all doing well. Although there are some companies that are making losses, most of them are performing well.
The most important thing is that there is no fraud in this place. At least there has not been a single case in the two years since the market was launched. Even the ST stock is currently the only one, WeChat. Everyone knows that WeChat was ST because of the "tearful execution of Ma Su". Although it is ST now, it still has a market value of trillions.
Moreover, among the more than 1,000 listed companies on the SGX, there has not been a single company with disappointing performance so far. In particular, about 80% of the companies that were listed in the first two years have performed well. After all, the companies that were listed in the first two years can be said to be carefully selected by God K, and their quality is absolutely guaranteed.
As for the trapped investors, they now just want to wait for LeShi to delist and then cut their positions at a loss, and transfer whatever little they have left to the Xinzheng 50 ETF.
……
The next day, Wednesday, October 2th.
The three major stock indices of the A-share market fell across the board again. The Xinzheng 50 Index opened high and fell, closing down -1.38% at 3421.02 points, with a turnover of 6414 billion yuan; the Shanghai Composite Index closed down -1.82% at 3309.26 points, with a turnover of 2953 billion yuan; the Shenzhen Component Index closed down -1.26% at 10246.97 points, with a turnover of 2313 billion yuan.
The sharp drop of the Shanghai 50 Index with a big negative line also announced the collapse of the institutional group-buying of blue-chip stocks. Whoever shouted the slogan of "big is beautiful, core assets" loudly before is now running away faster than anyone else.
The only institution that did not run away was Qunxing Capital. On the one hand, its holdings were too high and it needed to issue a reduction announcement. On the other hand, it also had the burden of being an idol. Others could run away but you could not, because others could be shameless in demanding money, unless you also were shameless in demanding money.
Obviously, Fang Hong would definitely save face when comparing that little bit of money to his reputation. The reputation of the stars is much more valuable than that little bit of money. Just for that little bit of money? All I can say is that the duck opened his eyes but did not close them.
So they did not choose to run away, but instead stayed in the market and endured the sell-off.
However, for Qunxing Capital, even if it suffered a sell-off along with the market, it did not lose its principal, because it entered the market early enough to buy at the bottom and the holding cost of the chips was low enough. Now the most it has suffered is a retracement of its floating profits.
……
(End of this chapter)