The news of a major meltdown in the magnesium stock market directly became the hottest news on the entire Internet on March 9. It made the headlines of major media and was spread back to the country that night. Major stock bars and stock exchange groups were forwarding and
Discuss this news.
This is the fourth circuit breaker in the history of magnesium stocks. It has happened three times before, one in 1987 and two in 2013.
In particular, the two circuit breakers in 2013 were intended to hunt for the diversified funds of Qunxing Group in overseas markets. As a result, they staged a shocking reversal and were hunted back by Qunxing, resulting in heavy losses.
The harvest failed, but the stars made a lot of money.
Today is the fourth major meltdown in the history of magnesium stocks, and countless people are saying that they are about to witness history again.
It is one thing to enjoy the market, but at the same time, the panic in the capital market has also spread rapidly from the Beijing Magnesium stock market to the world. Investors on the Big A side and those currently holding chips in the market are also trembling.
During the day today, Big A had already plummeted, with the New Securities 50 Index plummeting -4.73%. At night, the U.S. stock market had a major meltdown. Now many people are afraid to watch the opening of Big A tomorrow.
Global stock markets are experiencing a collapse today, not only the Northern Magnesium stock market, but also the European stock market is even more tragic. Eiko's FTSE 100 plummeted -8.26%, Dezi's DAX30 plummeted -8.22%, and Noriko's CAC40 plummeted -8.26%.
Today there are all kinds of crashes, including the Meizhou stock market crash, the European stock market crash, the Middle East stock market crash, and the Asia-Pacific stock market crash.
Among the world's major stock markets, the ones that are relatively resilient are the big A's. Today, the three major A-share indexes, the NSE 50 Index, did not fall more than 5 percentage points. Although it is also very tragic, it is relatively resilient.
Some are also true.
What people are most concerned about at the moment is the black swan sweeping the world. Judging from the current situation, Dongda has gradually become independent. It is the least affected by it in the world and can sit firmly on Diaoyutai.
Nowadays, people are most concerned about the situation of Amalica. Amalica is currently facing two major problems. One is that if there is an accident, it will not be detected. If it is not detected, it means there is nothing, which is simply outrageous. The other is that the cost is too expensive for ordinary people.
Can't afford to measure.
The price is too expensive, and the general public in Amei cannot afford it. Unless a few people buy high-cost insurance, most people choose to give up because they cannot afford the cost. This is undoubtedly a disaster that will spread throughout Beimei.
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This is also what worries the capital market, as factors of unpredictability in the future have soared.
…
After experiencing a frightening night in the external market, the time came to Tuesday, March 10th.
Big A's billions of investors opened the market software with anxiety.
In the SGX market, which was the first to open, the opening price results of the SGX 50 index came out. The bidding fell below the 6,300 point mark and gapped down -1.51% at the opening price of 6,218.63 points. This was another large gap.
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The annual line turned directly from red to green, and broke a new low for the year.
However, compared with the expectations of the majority of investors before the market opened, the opening price of the NSE 50 Index actually far exceeded many people's expectations. The vast majority of investors thought that today's opening price was definitely above -3%, even if it was
It is not impossible to open the bidding at -4% or even -5%.
As a result, the bidding opened lower by -1.51%. The strong resilience of the SGX market surprised many people.
Someone soon came out to explain. From a fundamental point of view, this super black swan has the best domestic performance. In the short term, the investment risk in the big Eastern countries is far less than that in other markets.
In an environment full of huge uncertainties, the certainty of Tokyo University is relatively the highest, so it is reasonable for the stock market to perform well.
At 9 o'clock sharp, the SGX market officially opened for continuous bidding. The SGX 50 index went straight out of the barefoot sun, opened low and moved high. In just two minutes, it exploded in a straight line, quickly jumping to the top of the red zone, and all the way
It surged by more than 1 percentage point.
This trend has caused countless people to guess neither the beginning nor the process.
But just when everyone thought that Big A was about to get out of the independent market, in just three minutes, the time-sharing line of the New Securities 50 Index plummeted and turned green. About 20 minutes after the opening, it fell again to the -1.13% level, and then
It pulled back into the red zone, but failed to break through the early high, and then weakened and turned down again.
The trend of this roller coaster makes many short-term investors feel numb, and they feel like they are in heaven in one second and in hell in the next.
The Shanghai and Shenzhen stock markets next door thought that the NSE 50 index surged rapidly in early trading and could stabilize and continue to reverse upward. In this way, the opening of the Shanghai and Shenzhen markets would also get an emotional boost. However, as the market opened next door, it became weaker and weaker.
, causing the Shanghai and Shenzhen stock markets to open directly and deeply lower.
As time went by, at around 10:31, the NSE 50 Index, which had been fluctuating all the way down, fell below the opening price, and then accelerated its downward plunge.
Push messages from major market software:
[The NSE 50 Index fell below the 6,200-point mark, down more than 2 percentage points]
When it fell below the opening price and reached a new intraday low, it obviously began to increase its volume, and its bearish sentiment increased significantly, directly extending the decline to 2 percentage points, and panic began to amplify.
…
At the same time, Fang Hong, who was sitting in front of the computer, had logged into his personal Weibo account and quickly edited a blog post and posted it:
[Currently, within the Qunxing Group, we are discussing within the Qunxing Group the issue of large-scale share repurchases and cancellations by its listed companies. After years of development, these listed companies have made outstanding achievements, created gratifying performance, and accumulated massive cash reserves.
How to deal with this cash is also a headache. The amount of depreciation if left untouched is astronomical.
The heads of several star-level companies came to me for advice. My advice was to buy back the stocks. Of course, the stocks repurchased must also be cancelled.
Now, we have basically reached an internal consensus to repurchase shares and cancel them. However, we have not yet reached a specific consensus on the specific repurchase amount, but there should be results soon.]
Fang Hong updated this Weibo post, and it was immediately forwarded by countless people. It went viral in major stock forums and exchange groups.
At 10:39, Cailianshe Telecom sent a quick news message:
[Fang Hong: Major listed companies under the Xingxing Group have been determined to launch large-scale stock repurchase plans. 】
As soon as this news came out, the NSE 50 index stopped falling as soon as the water level dropped to 6187.51 points, and then started an epic short squeeze. It seemed that all confidence came back in an instant. Some funds that had been cutting off their profits "admitted their mistakes" and started chasing again.
Buy it back.
There are currently more than 300 listed companies on the SGX-ST market that are subsidiaries of clusters. They are now being strongly sought after by funds, especially those star-level listed companies, which are being bought by funds.
Because those star-level listed companies have strong strength and large cash flow, they will definitely have more funds to repurchase their stocks.
All in all, Fang Hong's sudden announcement on Weibo is a real big deal. He has made it very clear that he will launch a large-scale stock repurchase plan, and he will cancel it after the repurchase. This is definitely good for the market.
