Chapter 1069 [Maintain strategic focus and strike later]
On the next day, Thursday, August 12, the RMB exchange rate plummeted again by more than a thousand basis points during the day. The previous value of the offshore exchange rate was 6.3901. Today, the highest intraday plunge was 6.5939, and the largest decline in the day reached
-3.19 percentage points.
The maximum drop in two days reached 6.12 percentage points, which is equivalent to the loss of more than 60 million yuan of 1 billion funds in two days. The fluctuation was 6.12 percentage points in two days. This is the volatility of the foreign exchange market, which is the index placed in the stock market.
It also fluctuated violently.
Some people are happy and some are worried. Those who hold US dollars in their hands can be said to have earned a year's profit, and simply arbitrage is so bad. For some foreign trade companies that are not very profitable, those who happen to hold RMB have almost lost their work for a year.
For a time, the market was full of rumors, and the European and American media were extremely "concerned" at this time, making headlines and special reports, exacerbating the spread of panic.
The impact of this incident not only exceeded the expectations of the entire market, but also greatly exceeded Yangma's own expectations.
The continuous sharp depreciation of the RMB has also caused the currencies of many emerging markets to depreciate with greater magnitude, such as Kazakhstan, Alos, Malaysia, Brazil, Turkey, etc.
Investors around the world are beginning to worry about the recurrence of the Southeast Asian financial crisis of 1997, which will further make the U.S. dollar a scarce commodity. America is secretly enjoying herself at the moment, and she does not take it too seriously, and further uses the media to exaggerate it.
The panic is not big enough.
Now the global market is staring at the RMB, and they are asking questions one after another: How much will the RMB exchange rate depreciate? Should we sell RMB assets now? Will there be a "double kill" situation in the stock and foreign exchange markets? What is wrong with the economy of Greater China?
?
However, compared with the foreign exchange market, today's stock market only corrected 1 percentage point. Relatively speaking, the stock market has withstood the pressure because the main funds of Star Capital are still working.
But at this moment, Tian Jiayi was chatting with Fang Hong on WeChat: [The whole market did not expect this, and you are the only one who accurately predicted the result. I didn’t listen to you about the over-the-counter capital allocation last time. Of course, this time
I didn’t listen to you either...]
Fang Hong passed over with a smiling and crying expression.
Tian Jiayi sent a message again: [Should we take action in the foreign exchange market?]
Editor Fang Hong replied: [No, don’t expose our offshore ammunition yet, don’t jump out in a hurry. The real opponent has not yet been revealed. The situation is now chaotic, turbulent, and there are too many uncertain factors. If
Variables occur, and if you accidentally miss the mark, everything will be lost. The situation is still in a chaotic period, and if you strike first, you may be controlled by others. Therefore, at this time, you must maintain strategic focus, make decisions before acting, and strike later.]
After a while, Fang Hong edited the message and replied: [Besides, let’s take precautions beforehand. We are not a professional firefighting team, and we did not light the fire. It would be very kind of us not to take advantage of the situation, not to mention that we are bleeding heavily at the moment.
Two trillion yuan is supported by the stock market. At this time, let us rush to the front line to put out the fire. Others can't open this mouth.]
Fang Hong edited the message again and sent it: [By the way, let’s compile some materials. I want to know the flow of international hot money in the mainland in the past 20 years, as well as the outflow of domestic capital.]
Here Fang Hong is chatting with a beautiful assistant on WeChat. On the other hand, in the face of market doubts and panic, the central government is forced to put out fires. On the one hand, it promises that the RMB exchange rate will remain stable to stabilize market expectations. There is no basis for substantial depreciation.
On the other hand, it also took action in the foreign exchange market and had to use foreign exchange reserves to sell US dollars to stabilize the RMB exchange rate.
As the central bank took action to sell US dollars to take over, the exchange rate stopped falling to 6.5939, and closed at 6.4663 today, but it still depreciated by hundreds of basis points, with an intraday decline of -1.19 percentage points.
Not long after, a rumor came out from somewhere in the market that it was the intervention of Qunxing Capital during the session that caused the depreciation of foreign exchange fluctuations to stop falling and rebound. Many people believed this rumor because the A-share market had plummeted and rescued the market with RMB 2 trillion.
If you can and are willing to take this money, we cannot rule out the possibility of Qunxing Capital taking action due to the current situation in the foreign exchange market.
But not long after this rumor came out, Star Capital came out to refute the rumor in time.
The person who spread this rumor also had sinister intentions, and was somewhat provocative. If you don't come out to clarify the rumors in time, it will inevitably make Yang Ma think that you are trying to take credit for not doing anything.
This incident was just an insignificant incident. After the central government used its foreign exchange reserves to take action, the foreign exchange plummeted by more than half. In the next few days, the foreign exchange market was temporarily stabilized, and there was no daily fluctuation.
Thousands of basis points fell sharply.
The stock market also rebounded slightly in the past few days. On Monday, August 17, the market index rebounded again by 0.71% that day, closing at 3993.67 points, just one step away from the 4000 point mark.
In today's A-share market, the Galaxy concept stocks stole the show in the two cities, because today all 22 stocks once again reached their collective daily limit and reached a new historical high, a trend that stunned investors from all walks of life in the two cities.
Come.
WeChat, a newly launched stock, hit the daily limit, closing at 45.92 yuan, and its market value reached 1,010.2 billion. This is the first time that WeChat has reached the trillion-dollar market value mark, and it is also the third company under the Group's Xingxing Group to have a market value of over one trillion yuan.
Currently, there are 8 companies with a market value of trillions in the A-share market and the two cities, and Galaxy Group accounts for 3. WeChat, which just reached the trillions in market value today, ranks 8th.
Quantitative capital after the stock split hit the daily limit today, with the stock price reaching a record high of 107.13 yuan, with a market capitalization of 1,497.6 billion, ranking fourth in A-shares after the first bank in the world. This round of reversal has been rising since the bottom.
, a cumulative increase of 143.22%.
This chapter is not over yet, please click on the next page to continue reading! But the one with the strongest reversal and rise in Galaxy stocks this year is undoubtedly Toutiao, the biggest demon king this year. The stock has exceeded the daily limit today.
Later, the stock price reached a record high of 210.40 yuan, rising from a low of 76.54 yuan. The cumulative increase reached an astonishing 174.89%, and the market value climbed to a huge 263 billion.
The stock with the largest increase this year is undoubtedly Toutiao. In less than 5 months since the resumption of trading on March 9, it has actually achieved a cumulative increase of 6475%, an increase of 64.75 times in less than 5 months.
, and it seems that this posture has not reached its peak yet.
However, not a single retail investor got anything from the resumption of trading that has not been sold today. Many people got off the bus tremblingly after eating for a while, and then got on again, over and over again. Some people also made a lot of money, but there were also some who were unlucky.
of people ate big noodles.
In addition, after Jiuzhou Blue Arrow hit the daily limit today, its market value has also reached the 800 billion mark, ranking among the top ten in the A-share market. It looks like another company with a market value of one trillion.
If you look at the current market value ranking of Big A, you will be shocked to find that among the top ten listed companies, Xingxing already accounts for 4, accounting for almost half of the country.
No one expected that these stocks in the Galaxy were not at the peak when the market peaked at 5178 points, but would reach new peaks in such a short period of time after the catastrophic market plummeted by half, and this trend was actually better than the previous bull market.
It will still be strong during this period.
People who had opened positions one after another when the Galaxy Concept Stock was cut in half are now going crazy with joy. There are also many people who lost money in the previous explosive market and are relying on the surge in the Galaxy Concept Stock to recover or even make a profit.
I made a small profit.
With the continuous surge during this period, anyone who dares to get on the bus and can hold on to it for a few days will basically be able to eat big meat.
