Chapter 1253 [The market is scared to death again, is this a liquidation-style run? 】
That afternoon, I stayed in the villa quietly.
Tian Jiayi handed a piece of material to Fang Hong and said: "Chen Yu's internal meeting with a number of domestic and foreign manufacturers has ended. Here are the minutes of the meeting. It is said that the meeting was very exciting. Chen Yu was very angry at the meeting.
The foreign company representatives lost their temper, and the meeting was very successful. A number of domestic company CEOs expressed their intention to fully transform and move closer to the MHAC ecosystem."
Fang Hong took the meeting minutes and browsed through them. After a while, a smile appeared on his face. He stared at the materials and said with satisfaction: "This guy really has a good temper with me. His control level is very good. He has a good sense of proportion.
He is a rare handsome talent."
Seeing how he boasted and affirmed Chen Yu, Tian Jiayi couldn't help but wonder: "Listening to what you said, do you intend to train him and send him to the board of directors of Stars in the future or even let him take over your class?"
After hearing this, Fang Hong was speechless for a while, rolled his eyes at her, shook his head and laughed: "You are the only one who dares to say such things in front of me without any worries and so openly."
The beautiful assistant who had reacted couldn't help but hide her mouth and smile after thinking about it, and then said: "Oh, I almost forgot, you are younger than Chen Yu in terms of age. If you really need someone to take over your shift, it won't be his turn.
Maybe he will retire before you do..."
Tian Jiayi came close to Fang Hong and said playfully: "I know my mistake, then you can punish me. Just punish me to help you clear and stock the warehouse!"
"Is this a punishment? It's clearly a reward. It's a very good idea." Fang Hong glanced at her, then looked back and said to himself: "Chen Yu is a scientific and technological talent, and his main focus is technological breakthroughs. Only then
That's the key point, mentioning him to the board of directors of Qunxing will only distract his energy. Besides, we have so many powerful generals that we haven't reached a situation where no one can use him."
At this moment, the beautiful assistant stopped talking to Fang Hong and forced him to clear the warehouse and restock the inventory. This immediately made him feel "big-headed". Fang Hong had no choice but to clear the warehouse and restock the inventory first.
After a long time, Fang Hong asked: "How are the adjustments to the wealth fund's second round of shareholding reduction announcement being arranged?"
Tian Jiayi in her arms heard his question and replied lazily with her eyes closed: "It has been arranged for a long time. According to your latest request, the second round of shareholding reduction announcement will be announced from May 2 to Wednesday, May 10."
, it is estimated that around 800 billion will be cashed out.”
As soon as she finished speaking, Fang Hong suddenly turned over.
Tian Jiayi: "Are you coming again?"
Fang Hong: "Come or not?"
Tian Jiayi: "Come on."
Fang Hong: "Are you here?"
Tian Jiayi: "Here we come."
Fang Hong: "Come together."
…
Time has entered May. This May Day holiday will be taken away from the weekends and weekends. May 2nd is the working day. Xingyu Technology also announced the specific date of the summer new product launch conference on the first working day after the holiday. It has been confirmed.
for Tuesday, May 16th.
This press conference has been in the works for some time and is highly anticipated by all parties.
At the same time, the A-share market has further declined after the holiday, because the 15 trading days have passed since the wealth fund previously announced the reduction of its holdings, and it has begun to reduce its holdings in the secondary market as planned, and the market has begun to come under pressure.
The New Stock Exchange 50 Index also experienced five consecutive negative declines, but the overall decline was smaller than the previous four consecutive negative declines, because the market had already expected it and everyone knew about it, and at this time, there was also Zhong Tai.
Capital and other market makers are supporting the market.
The declines of the NSE 50 Index in the five days were -0.36%, -0.57%, -0.40%, -1.04 and -0.86% respectively. Although the decline was not large, it still fell below the previous low and fell below 2200 again.
At the pass, it dropped to 2188.45 points.
The next day, Tuesday, May 9, the NSE 50 Index stopped falling for five consecutive negative days and rebounded 0.77% that day to close at 2205.37 points, regaining the 2200-point mark again. There were also signs of stabilization on the market.
At the opening of trading on Wednesday, May 10, the NSE 50 Index opened flat and fluctuated within a narrow range in early trading, and then slowly climbed higher. The signs of stabilization after hitting the bottom for the second time became more and more obvious. In the afternoon, Xingyu Technology made some changes, and funds were involved.
The stock also drove the NSE 50 index to rise.
There are still five days left for Xingyu Technology’s summer press conference to begin. Short-term funds are beginning to lurk in. There will definitely be a sharp rise on the day of the press conference. At least one surge is indispensable, so now there are funds to lurk in advance and take the lead.
Hands ready to throw away on the day of the press conference.
Just when Xingyu Technology drove the NSE 50 Index to fluctuate upward, at around 14:36 in late trading, the Wealth Fund issued the latest holding reduction announcement at this time, targeting Xingyu Technology, Toutiao, New Micro Semiconductor, etc.
The target holding reduction shall not exceed 2.2% of the total share capital, and the total reduction scale is expected to be 800 billion yuan.
Investors from all walks of life were dumbfounded. A month ago, wealth funds announced that they would reduce their holdings by one trillion yuan. Earlier, some of them reduced their holdings by about 200 billion yuan, and now they have reduced their holdings by a huge 800 billion yuan. The total amount is 2 trillion yuan. In the first phase,
The scale of funds raised in the capital market is 2 trillion, which means that all the principal will be cashed out directly.
Is this the rhythm of clearing positions and reducing holdings?
As soon as this news came out, the three major trading markets of Big A were immediately frightened, and the three major indexes plunged in late trading.
The NSE 50 Index, which had already stopped falling and stabilized, plunged straight into the green. Xingyu Technology, which was "flipped" by the wealth fund's shareholding reduction announcement, also turned green and staged a waterfall, diving straight towards the lower limit.
After the close, the NSE 50 Index fell -1.71% to 2167.55 points. Not only did it fall below the 2200-point mark again, but it further fell to a recent low. Had it not been for the close, the decline would have been far more than that.
Xingyu Technology also plunged -8.71%, evaporating more than 500 billion in market value in one day.
Everyone is dumbfounded. What is the wealth fund doing? Is such a large reduction of holdings meant to clear out positions and run away?
This chapter is not finished yet, please click on the next page to continue reading the exciting content! The rhythm is getting louder and louder at this time, and the panic in the market is also amplifying.
On the next day, Thursday, May 11, the SGX market opened. The SGX 50 index opened sharply downward at an opening price of 2130.03 points -1.73%. Xingyu Technology and others appeared on the list of reduction announcements.
The listed companies on the stock market also jumped sharply and opened lower.
After the market opened, it also opened lower and moved lower. The NSE 50 Index's decline quickly expanded to 2 percentage points and continued to decline further. Xingyu Technology's decline quickly expanded to 5 percentage points, and its market value fell below 5 trillion.
mark.
The entire market fled in a panic, and some people who were waiting for Xingyu Technology to sell on the day of the press conference were also confused. They wanted to take advantage of the interest rate in the short term, but they did not expect to encounter such a huge sudden bad news.
At this moment, Fang Hong was also staring at the market. Not long after, Tian Jiayi called him at the Stars headquarters: "The range of the NSE 50 Index from its historical high has fallen by more than 12 percentage points. It has already fallen.
When it enters your expected decline range, should you let stabilization funds step in to support the market?"
Fang Hong, who was staring at the NSE 50 Index, shook his head and said: "Wait for now. I will send a message on Weibo later to check. If the market doesn't buy it, the stabilization fund will take action again. Let them wait for my news at any time."
Tian Jiayi: "Okay, I'll notify the trader of the stabilization fund."
The 800 billion announced by the Wealth Fund yesterday to reduce its holdings will bring huge selling pressure to the market after 15 trading days. If stabilization funds directly take action at this time, there will be expectations of double selling pressure.
If the stabilization fund is to be sold again, it will cost about twice as much liquidity.
If you can stabilize the market with just one Weibo, that would be the most cost-effective and best thing.
