The external market collapsed, and the news spread across the ocean to the mainland, which also caused panic. The main reason was that the decline in the Beijing Magnesium stock market last night was too frightening.
Everyone is looking for reasons for the plunge, and many people are caught off guard.
The next day, Tuesday, February 6, another thing that happened early in the morning became very lively on the Internet. Many netizens who did not trade in stocks were participating in the topic discussion, which was about the world's top man who is now known as "no one knows better than him".
Wang Zhizhi knew it was in vain." He started to brush fiercely.
Magnesium stocks plummeted last night, and netizens of Bei Magnesium began to discuss it and the topic quickly spread around the world, causing netizens around the world to join in.
In addition to lamenting and lamenting the stock market crash, some good-hearted Aramco netizens dug up what Dawney once said on the Internet: If the Dow Jones fell by more than 1,000 points that day, then the current President Zong should be loaded into a cannon and fired at an alarming speed.
Shoot for the sun! No excuses!
In fact, this was a spoof post made by an English-speaking netizen to make fun of Zhidou’s controversial remarks. As a result, it unexpectedly went viral on the Internet. Many people thought it was just what Zhidiao said.
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Last night, magnesium stocks plummeted and the Dow Jones index plummeted to 1,175 points. So many netizens once again dug up this meme and ridiculed it, making it famous again.
People who don’t trade in stocks have a great time participating in the meme-making business, but people who trade in stocks are panicking now, because just when many netizens are playing meme, a breaking news broke out around 8 a.m.
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A so-called insider on the Internet broke the news that Bei Magnesium was planning to kick Star Capital out of the SWIFT settlement system.
When this news reached the mainland, the capital market immediately exploded, and the panic index soared.
If the news is true, doesn't it mean that Stars Capital was kicked off the poker table and stopped playing? You must know that Stars Capital's main source of income now is gaming in the international foreign exchange market.
Global Capital secretly envies and admires Qunxing Capital's ability to strategy the foreign exchange market. No matter how it is said that people can make money according to the existing rules of the game, it is unacceptable to disagree.
And there's nothing you can do against him, because he didn't use any means beyond the rules of the game, and even if he did, no evidence has been found until now. On the contrary, other people often use unseemly means.
Everyone plays this way, but he can make money standing up 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 produce a series of chain reactions. A series of super projects and strategic plans in front of Qunxing will be affected to varying degrees, and may even trigger a systemic crisis.
Especially in the SGX market, everyone knows that the absolute fixed star and ballast stone of this market is the stars.
Many people have just seen this news and exclaimed that this is a desperate situation!
Affected by this bad news, the NSE 50 Index, which had just rebounded yesterday and showed signs of stabilizing, fell sharply below the 3,500-point mark today, closing down -2.64% at 3,468.80 points, with a huge volume of 740 billion.
This is already the result of Fang Hong's early response and preparation, otherwise today's bottom would have been a 5 percentage point plunge.
The SGX market was led by stars, but the two neighboring markets fell even more miserably. The Shanghai Stock Exchange Index plummeted -3.35%, the Shenzhen Component Index plummeted -4.23%, and the Shenzhen Stock Exchange ChiNext Index plummeted -5.34%.
A record low.
Because it is true that misfortunes never come singly. In addition to the bad news coming from the external market that has severely dampened market confidence, the mainland itself has also experienced major bad news. Policies to reduce financial leverage have been implemented one after another, three of which are related to the secondary stock market.
The first is the reduction of leverage of trust funds, including the suspension of new intermediate-level capital allocation business and the suspension of new single-ticket capital allocation business; the second is the reduction of leverage of asset management plans, and the stocks of companies with asset management plan shareholders are under pressure to reduce their holdings; third
It is the equity pledge financing that needs to be re-regulated according to the new regulations.
In addition, the results of the listed companies next door also exploded, damaging the confidence of investors on the main boards of the two cities.
Recently, listed companies in Shanghai and Shenzhen stock exchanges have announced their 2017 operating results. A few companies have announced results that exceeded market expectations and suffered huge losses. Some were even suspected of financial fraud, which caused a huge blow to investor confidence.
A typical case is Lexi.com, which has been one of the leading companies in the Internet industry that has attracted market attention since it was listed on the GEM. In May 2015, the company's market value once reached a huge 150 billion. However, in fact, the controller, Boss Jia, last year
I have been stranded in the United States, with a large number of debt defaults, and I will always return to the country next week.
The company announced today that it expects to lose 11.6 billion yuan in 2017. The company has no record of losses since its listing. Such huge losses also challenge the market's endurance. Trading was suspended from early April 2017 until the annual report was released on January 24 this year.
It has been 10 trading days since the resumption of trading. After the resumption of trading, it fell to the limit for 10 consecutive days.
The investors who were trapped in it were wailing everywhere. It was originally cut in half, but after the resumption of trading, it was like a loss of -65%.
What comforts investors is that the listed companies on the SGX market are all pretty good. Although some have suffered losses, most of them have performed 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 opened. Even the ST stocks currently only have one stock, WeChat, and everyone knows that WeChat was "killed by Ma Su in tears"
It was just an ST. Although it is an ST now, it still has a market capitalization of trillions.
Moreover, among the more than 1,000 listed companies on the SGX, none of them has experienced explosive performance so far. Especially about 80% of the companies listed in the first two years have performed well. After all, the companies listed in the first two years can be said to be carefully selected by K God.
The quality is fully guaranteed.
As for the investors who have been trapped, they just want to wait for the stock market to open and cut their positions in tears, and transfer whatever little they have left to the NSE 50 ETF.
…
The next day, Wednesday, February 7th.
The three major stock indexes in the A-share market fell across the board again. The NSE 50 index opened higher and moved lower, closing down -1.38% to 3421.02 points, with a turnover of 641.4 billion; the Shanghai Stock Exchange Index closed down -1.82%, to 3309.26 points, with a turnover of 295.3 billion.
; The Shenzhen Component Index closed down -1.26% to 10246.97 points, with a turnover of 231.3 billion.
The plummeting negative line of the Shanghai Stock Exchange 50 Index also announced the collapse of the blue-chip white horse stock market grouping of institutions. Whoever shouted the slogan of "big for beauty, core assets" before is now running faster than anyone else.
The only institution that has not run away is Qunxing Capital. On the one hand, the shareholding ratio is too heavy and it needs to issue a shareholding reduction announcement. On the other hand, there is the burden of being an idol. Others can run away, but you cannot run away, because others can ask for money without shame, unless
You also want money and have no shame.
Obviously, compared with that little money and face, Fang Hong must have more face. The faces of the stars are much more valuable than that little money, just for that little money? It can only be said that if the duck opens his eyes, the duck will not close them.
Therefore, I did not choose to run away, but stayed in the market and endured the decline together.
However, for Qunxing Capital, even if it suffered a sell-off along with the market, it did not lose any principal, because it entered the market at the bottom early enough and the holding cost of the chips was low enough. Now it is just a retracement of the floating profits at most.
