Just when the NSE 50 Index stood at the 4,000-point mark for only one day, the bad news from America caused Big A to suffer a decline, and the NSE 50 Index also fell below the 4,000-point mark.
That evening, Beijing Magnesium announced a plan to impose a 25% tariff on imported goods from the Eastern country with a total value of approximately US$100 billion.
As soon as this news came out, the A-share market opened with a setback on May 23 the next day. The three major stock indexes all closed in the green. The NSE 50 index opened lower and moved lower, closing down -1.96% to 3995.84 points, falling below the 4000-point mark.
The trade dispute between the world's two largest economies is still increasing in intensity, and it has a bit of a "turn-based" back and forth.
…
In the afternoon, stay in the villa quietly.
At this moment, Fang Hong was communicating with Luo Qingan, and it was the latter who called.
"How is the breakthrough in the semiconductor industry chain here? As for reciprocal countermeasures, we plan to start with Qualcomm, Apple and other companies." Luo Qing'an said on the phone.
Fang Hong's eyes lit up when he heard this, and he immediately became energetic and immediately replied without hesitation: "I can responsibly say that the current main node of the domestic semiconductor industry has advanced to the 8-nanometer process technology.
, the technology in this area has achieved a breakthrough and is on the same level as the most advanced foreign process nodes."
Fang Hong added: "Not only is the manufacturing process no longer lagging behind, but commercial implementation is one step faster than foreign countries. Xingyu Technology's fifth-generation smartphone has been secretly put into production and is now in mass production."
A few short sentences have an extremely far-reaching impact, even landmark significance.
This year is definitely the first year of the domestic semiconductor industry, because just this year in this field, the key technology nodes of the entire industry chain have successfully broken through, and the breakthrough this year has been perfectly in line with the expected plan. From then on, it has completely bypassed everything from software to hardware, and from design to
A complete STAR5 smartphone can be produced by replacing all the stuck technologies in manufacturing with domestic ones.
Luo Qing'an on the other end of the phone was also very excited: "Okay! All the hard work has paid off. The day has finally come. Now there is nothing to worry about. You can compile a report as soon as possible and I will submit it overnight."
Fang Hong: "No problem."
After ending the call, Fang Hong immediately called Tian Jiayi and told him to start preparations.
If the chip sector has completely broken through, then the Rabbit really has nothing to worry about. Since the total GDP exceeded 100 trillion, the Rabbit has become harder and harder, even more so now.
…
In the next few days, the capital market continued to decline. After falling below 4,000 points, the NSE 50 Index returned to negative territory for four consecutive days. However, the decline was not large. The decline for the four consecutive negative periods was only about one percentage point.
At about 17:00 on Tuesday, May 29, a piece of news caused an uproar around the world.
In response to the northern magnesium tariffs, the eastern power decided to impose a 25% tariff on 132 domestic magnesium products. In this list, the outside world was shocked to find that well-known technology manufacturers such as Qualcomm, Nvidia, Apple, AMD, and Intel
They are all included.
In the past two days, the outside world has responded to various speculations about what countermeasures it will use. Basically, it is speculated that they will continue to increase their investment in the field of agricultural products. No one guessed that these big technology manufacturers would even think that they would focus on gallium and germanium.
I didn’t even think about the lists of these major international manufacturers.
This is so bad that everything inside and outside the network exploded. Everyone was stunned. Even America was stunned on the spot. How dare you, Rabbit? Where did you get the confidence to play this card?
That night, when the magnesium stock market opened, all major technology companies on the list all fell sharply. Among them, Apple plunged -13.67% during the session, directly evaporating more than 100 billion U.S. dollars, and its market value dropped from more than 850 billion.
To 740 billion.
The entire Silicon Valley technology circle has also exploded, and all the major technology companies on the list are jumping up and down.
The global capital market has also plummeted across the board. Everyone can clearly feel that each other is becoming more and more aggressive, and the rabbits that have always been reserved have become more aggressive. This makes global investors feel uneasy and creates greater uncertainty in the future.
As the morning dawned in the Eastern Hemisphere, the A-share market opened on Wednesday, May 30. The three major trading markets fell sharply at the opening, and all opened a downward gap. After the opening, the A-share market also opened lower and moved lower. The New Securities 50 Index moved out of six
It fell continuously and fell below the 3,900-point mark during the session.
At the final close, the three major stock indexes fell sharply across the board, with the NSE 50 Index closing down -2.37% at 3853.55 points; the Shanghai Stock Exchange Index closing at -2.53% at 3041.44 points; and the Shenzhen Component Index closing at -2.35% at 10105.79 points.
However, on May 31 the next day, the NSE 50 Index rebounded strongly by 2.41% and closed at 3946.27 points. The gap was directly repaired and returned to the 3900 point mark. In the following days, it also moved up amid shocks, and was almost at one point.
Back to the 4000 point mark again.
But in the end it failed to reach 4,000 points again because the market corrected again after entering June.
The factors for this correction are not external, but internal. In order to control local debts, the state has increased supervision of local investment and PPP, which has affected the market's view of infrastructure stocks to a certain extent.
Another major factor is the reduction of balance sheets. Off-balance sheet financing of enterprises under the control of the central government has dropped sharply, so the market's expectations for corporate defaults have increased.
At the same time, America has not been idle in the past few days.
During the Dragon Boat Festival holiday in mid-June, news came again from America. Beijing Magnesium passed a bill with an overwhelming advantage. Star-level companies such as Xingyu Technology, Matrix Quantum, and Kunpeng Technology under the Galaxy Group
The companies are all on the list, and a warning was also issued regarding the removal of Star Capital from the SWIFT settlement system.
This situation is likely to get worse. Global trade is sluggish and the economy is increasingly expected to fall back into recession. The global capital market has been hit hard by this news and has suffered another setback.
This series of external negative factors have fermented. Returning from the Dragon Boat Festival on June 19, the A-share market opened with a "Dragon Boat Festival" market. The three major trading markets fell sharply across the board again. Holiday panic and negative factors opened today.
I vented it out directly.
The NSE 50 Index plunged more than -4% during the session, falling below 3,800 points and reaching its lowest point of 3,749.29 points.
The Shanghai and Shenzhen stock markets next door both plummeted by more than 5 percentage points during the session. One of the 3,000-point mark was broken down and 2,900 points fell, and the other 10,000-point mark was broken down. The Shanghai Stock Index fell by -20 compared to the beginning of the year.
%, entering the technical bear market stage.
The ChiNext Index fell even more horribly, falling directly below the all-time low in four years.
Big A once again staged the scene of thousands of stocks falling to the limit today, but the stocks that fell to the limit were mainly concentrated in the Shanghai and Shenzhen stock markets next door. There were more than 1,300 stocks in the SGX market, and the number of stocks that fell to the limit was only 67, and half of them were in the red market.
Overall, apart from some blue-chip large-cap stocks, all other stocks fell sharply today.
At around 13:00 in the afternoon, the SGX 50 index reached its rebound limit, and the number of stocks on the SGX market that had hit their daily limit also shrank to less than 50.
As of the close, the three major A-share stock indexes all closed down. The NSE 50 Index walked out of the long lower shadow line and recovered the 3800 point mark. After the market closed, it fell -2.41% to 3817.82 points; the Shanghai Stock Exchange Index fell -3.78% to 2907.82 points;
The Shenzhen Component Index plunged -5.31% to 9414.76 points.
