Chapter 1551 [International oil prices plummeted -33% during the day, magnesium stocks staged a meltdown]
Monday, March 9th.
The trend of international oil prices started sharply today. The price of WIT crude oil opened directly at the price of 32.87 US dollars. It started at a sharp -20.39%. Domestic friends were eye-opening when they saw this.
That's not all, it even broke through the US$30 mark during the session. The price of WIT crude oil plunged all the way to the price of US$27.34, and the corresponding intraday decline soared to -33.78.
The Keweit stock market directly announced the suspension of trading, and the index exploded by -10%. The stock market of Shat tycoon also exploded by -8%. The panic in the global capital market also exploded.
Everything was going crazy, and the U.S. dollar index also fell all the way, hitting a new low since October 2018.
In the A-share market, with the arrival of 9 o'clock, the SGX market opened, and the opening price of the SGX 50 Index hit a huge gap of -1.51% at 6527.96 points.
After the market opened, it also opened lower and moved lower, and continued to fall all the way. The two markets next door were not immune, both opened lower and moved lower.
In the current environment, basically no market is immune, not even the SGX market, which is experiencing panic and plummeting.
The concept of masks has almost become the only hot spot. Because of this black swan, the concept of masks is a beneficiary stock.
But this is just an insignificant local hot spot, and its impact on the overall market is almost negligible.
On the market, almost all major sectors fell.
In terms of individual stocks, Xingyu Technology fell -7% intraday, falling below the 20 trillion market value mark. Matrix Quantum's largest intraday drop once reached 5 percentage points.
At the capital level, the three major trading markets are all experiencing substantial net outflows. The net outflow of capital from the north has set a new historical record, exceeding the 70 billion net outflow mark for the first time. The transaction scale of the entire market has also released a huge amount.
No commitment, no commitment at all.
Because Fang Hong did not let the stabilization fund take action, nor did he let his market-making institutions take action, and the company's buyback plan was not announced, he just allowed the market to fall.
You can't take action at this time. If you force the action and drag it out, you will definitely be able to support the market today.
But the consequence of this is that as the magnesium stock market plummets and the circuit breaker breaks out, the SGX market will definitely enter a market to compensate for the decline, because the global market is going crazy, and the SGX market will definitely have the need to compensate for the decline.
If you withdraw the funds you are currently supporting the market, the market will fall, so I will take the first step.
Investors from all walks of life in the market will definitely interpret it this way, and then it will become an established fact.
So you can't make a move now, and if you make a move, you can only lock it up for a day or two. Then the plunge will still fall sharply. At that time, it will be equivalent to twice the amount of support funds. Naturally, Fang Hong will not do such a stupid thing.
At this moment, many funds that have been held for a long time and those with huge profit margins can no longer hold on because the drop is so scary. Major markets around the world are exploding. Even the price of crude oil can explode in one day.
More than 30 percentage points.
The profit-making funds accumulated in the front of the SGX market began to leave the market, which was exactly what Fang Hong was happy to see.
The trading volume of the six major new certificates 50ETF today is also in a state of explosion. There are many people buying the bottom. Those who are short of positions and those who are committed to investing dare to buy the bottom. This is actually changing hands.
Moreover, it has been more than three years since the SGX market opened. The restricted stocks of the companies listed in the early stage have also been lifted, and the market circulation is also increasing.
In particular, Xingyu Technology and Matrix Quantum, a group of listed companies in the galaxy, are not only big, but they were already listed on the Shanghai and Shenzhen Stock Exchanges next door before the SGX was born, and were later transferred to the SGX market.
These big guys will release a huge amount of circulation, and the company's management and major shareholders will definitely not reduce their holdings, especially at this juncture.
However, for investors who participated in the primary market in the early stage, the restricted shares have been lifted, and at the same time, financial investors who do not exceed the 5% line, mainly institutions, do not need to make an announcement to reduce their holdings.
The proportion of equity held by these institutions is very low, especially for big players like Xingyu Technology. Many of them do not exceed 0.1%. Even a 0.1% proportion corresponds to a market value of one to two billion astronomical figures.
In fact, the shareholding ratio of most institutions is a few tenths of a percent, and the market value of their holdings is less than 10 billion.
At around 13:22 p.m., major market software pushed messages:
[The NSE 50 Index fell more than -4%, its largest single-day decline in three years.]
At that time, the SGX market became the most severe fall among the three major A-share trading markets. It was also a rare example of a drop in price. The SGX 50 index continuously penetrated 6600 points, 6500 points and 6400 points in one day.
Click on the three integer digits.
The annual line is almost on the verge of turning green, and the gains in the first two months of the year are almost swallowed up by the two big negative lines yesterday and today.
At the end of the day, the NSE 50 Index fell below the 6,300-point mark, hitting an intraday low of 6,299.95 points.
Today, all the people who are buying the bottom are buying the bottom, whether they are buying the bottom in the morning or in the afternoon, but there are still many people buying the bottom. Near the end of the trading, there are still many retail investors using the NSE 50ETF to buy the bottom of the SGX market.
Those who hunt for the bottom during this period will definitely be trapped in the next few months. However, if you have long-term fixed investment and dare to take action during the decline, you will definitely be able to obtain considerable profits in the future if the cost decreases.
In a sense, if they are not trapped for a period of time, they will most likely not be able to make money in the future.
Because the market does not fall, the funds that were previously on the train do not come out, and there is no change of hands, then they have no chips, no chips, and they are not the ones who make money when the market rises.
In the SGX market, this decline is really for a better rise in the future, but this sentence has been a classic statement by the experts to deceive investors.
The NSE 50 Index also encourages long-termism and patient capital. Even if you lose money, it will be a temporary floating loss. As long as you can endure it, it will rise back later.
This chapter is not over yet, please click on the next page to continue reading the exciting content! As of the close, the three major A-share stock indexes fell across the board. The NSE 50 index was barely at 6,300 points at the end of the day. It closed at 6,314.53 points after the market closed, with the index plummeting -4.73.
%; the Shanghai Composite Index plummeted and fell below the 3,000-point mark, falling -3.01% to 2,943.29 points. The Shenzhen Component Index plummeted -4.09% to close at 11,108.55 points.
Today, the trading volume of the A-share market set a new record. The total trading volume of the three major markets was 2,542.2 billion, of which the SGX market released an epic volume of 1,456 billion.
In addition, the net outflow of funds from the SGX market also set a new historical record today, reaching a huge 166.5 billion.
In the evening, Fang Hong stared at the trend of external markets, mainly focusing on the northern magnesium market, witnessing another meltdown in the magnesium stock market.
The event that ignited the Great Meltdown was that the Sat tycoons and Big Goose were unable to reach a new agreement on oil production reductions. In view of Big Goose’s extremely tough attitude and its crackdown on the high-cost North American exploiter market, the Sat tycoons also decided to retaliate by increasing oil extraction.
The daily mining volume increased to 12 million barrels, setting a new record.
As time went by, the Beijing Magnesium stock market opened as scheduled, and the three major stock indexes opened with a bang. Among them, the Nasdaq index plummeted -7.2%, the Dow Jones index plummeted -7.79%, and the S&P 500 index plummeted -7%, setting a record of 2013.
The biggest drop in the year triggered the circuit breaker mechanism, and all three major stock indexes of Beijing Magnesium suspended trading for 15 minutes.
When Fang Hong saw that the US stock market triggered the circuit breaker mechanism, he was satisfied and turned off the market software and stopped paying attention, so he could go to sleep with peace of mind.
Magnesium stocks are in a meltdown, and the stars can also make money. Fang Hong is no longer trading in the front-line trading room. He has an excellent trading team under him that he has trained, and the strategy has been formulated before the market opens.
At this moment, the big news about the magnesium stock market's meltdown seemed to have grown wings and quickly spread throughout the world through the global Internet.
All major media outlets were reporting on this matter, and in an instant, global investors exploded.
