The external market is in turmoil, all risk assets are collapsing, funds are buying treasury bonds frantically, and the yield on Ah Mei's 10-year bond has been hit as low as below 0.5%. This means that if you buy a 10-year treasury bond at the current price without using leverage, you will get 10
year, the annual rate of return is only 0.5 percentage points.
Another thing that makes matters worse is the plummeting oil price. Affected by this black swan incident, everyone is afraid to go out. As a large fuel consumer, private cars and other things have a sharp drop in fuel consumption. The demand for crude oil itself is already weak. At this time, the Opec meeting agreement
Talks of production cuts collapse.
In this situation, anyone with a discerning eye can see that Sate and Goose seem to be playing a double act. The drunkards are obviously not interested in drinking. On the surface, they are facing each other in the middle and sniping in the middle. They seem to be the fiercest group, but they are the most painful.
Instead, it is the Amnesia shale oil manufacturer.
The collapse of oil prices will bring about a large number of derivative effects. The finances of oil-producing countries are under pressure, and the world is facing deflationary pressure. Northern magnesium shale oil manufacturers have begun to lose money and face the risk of bankruptcy.
What the market is more worried about is that if all the Amnesia shale oil manufacturers are liquidated, what will happen to the hundreds of billions of dollars in debt? Will this trigger a debt crisis? Will it trigger a series of chain reactions?
…
Friday, March 13th.
At around 8 o'clock in the morning, several core members of Qunxing Group, the management of SGX and Fang Hong, who was in the study on the second floor of his home, were having a video conference.
"No rush, let's check the opening situation first." Fang Hong said as he looked at the participants in the video. He was still calm now.
Last night, the external market staged a catastrophic market situation that was like a cataclysmic collapse. Big A definitely cannot be alone, and neither can the SGX market. This is everyone's consensus.
For Qunxing Group, the then head Hua Yu asked: "Do we need to help the Shanghai and Shenzhen stock markets?"
After hearing this, Fang Hong shook his head slowly: "No need, in the current A-share market, the source of confidence lies in the SGX market, and the core support lies in the SGX 50 index. If we lift this side, the confidence of the two markets next door will also rise."
Follow along."
Fang Hong added: "This time we must not only support the market, but we must also promote the smooth completion of the clearing plan. It is both necessary and not easy. It is possible for the NSE 50 Index to fall by about -20% this time."
Accept it, anyway, it is certain that the stock market on the Shanghai Stock Exchange is several times worse than the SGX stock market.”
At this time, the managers of the SGX market who attended the meeting nodded and said: "In the face of the current chaos and panic in the global market, it is unrealistic for the SGX market not to fall. Even if it holds on now, it will trigger a compensatory decline in the future market."
It is expected that we will be more passive then."
The participants present also nodded in agreement with this view. Instead of triggering a market that is very likely to cover the decline later, it is better to go with the trend and release the risk while the global market is losing money.
At this moment, one participant said: "The SGX market opening results are out!"
Everyone's eyes moved elsewhere at almost the same time, obviously looking at another screen. Fang Hong also looked at the opening price of the SGX market. At this moment, it was 8:55, and the opening price of the SGX 50 index came out.
.
The call auction results surprised everyone. Yesterday's closing price of the Singapore Securities 50 Index was 6233.55 points, but the data displayed at the opening price at this moment not only broke through the 6000-point mark, but also broke through the 5900-point mark.
It broke through. One call auction directly broke through 4 integer digits in a row.
The NSE 50 Index opened at a price of -6.15% at 5851.98 points, which was the largest downward gap in history in the four years since the market opened.
It has fallen from the historical high of 6794.27 points, and the cumulative decline has reached -13.87%.
After a moment, everyone looked at Fang Hong, who also turned his attention to the video conference and said in a concise and concise manner: "There is nothing to say, just take action."
If something practical does not come out, the SGX 50 Index may fall to its limit today.
After all, the SGX market has been rising sharply for four consecutive years, and it is an objective fact that it has a bubble.
According to the normal development trajectory, when the market blows up bubbles, companies will then fill the bubbles through value growth, and then blow the bubbles again. This cycle is a market cycle of benign development.
But the current situation is a special season. Everyone and the entire market has entered an irrational state. The panic index has exploded. Everything is falling. Gold and other safe-haven assets have also plummeted.
Everyone seems to be a headless fly, feeling that everything is dangerous. There is nothing safer than holding cash. Even holding cash has the risk of significant depreciation, but holding other things will depreciate even more severely.
It's safe.
Just after the opening price results of the NSE 50 Index came out, the entire Big A market was in panic.
At this time, Fang Hong was not idle. In addition to using real money to support the market, public opinion was also working hard to guide market confidence, but this time he did not use his Weibo account to speak out.
Because this time also comes with a liquidation plan, if Fang Hong uses his Weibo account to speak out, those who have accumulated huge profit margins in the early stage will originally plan to sell and cash out, but then they will not leave.
That would be a bit embarrassing.
However, Fang Hong has many cards to play. He does not need to speak in his own name, but Chen Yu's AI army is available.
After the opening price results of the NSE 50 Index came out, analysis and comments about bargain hunting appeared in major forums.
[First of all, I don’t recommend selling at the opening, or even buying the bottom at the opening, because now the bad news for A-shares is all overseas, and it is midnight when the A-share market opens, so the bad news is less, so the bad news is mainly concentrated at the opening, and almost all the bad news is in the market.
No downside.]
[The current strategy is that when the market is extremely pessimistic, you can choose to buy the bottom when the market opens, but it is not recommended to intervene when the market rebounds, and it is recommended to wait and see.]
[I ran away. I have held the New Certificate 50ETF for more than two years. I have reduced my position again today and kept some bottom positions. Now the situation of masks abroad is getting more and more intense. Although we are generally fine now, we cannot withstand the risk of secondary imports. As the saying goes, the secret will eventually end.
There is a caveat, in this case, the stock market plunge is foreseeable, and there should be no real rebound before the mask outbreak period is over.]
[Seeing that everyone is bearish on the market, I can safely invest in the SSE 50 Index.]
[Why panic? As long as you have enough cash, I don’t think you need to panic. Why did the global stock market plummet? Because they didn’t control the impact of masks, and the outbreak just started. We are managing it very well here, so why should it fall?]
[No need to panic, it is not recommended to sell, now is a good opportunity to buy high-quality assets at the bottom.]
[Foreign capital is cutting off assets to protect itself. There has been crazy outflows in the past few days. I haven’t seen gold. Is Bitcoin falling?]
[A Chou’s liquidity was completely exhausted and he had to cut his flesh to save his life.]
[The global market is going crazy to increase liquidity against the US dollar, which shows that if the country does not introduce liquidity, it will have to use high-quality resources to cut its losses. But it is reluctant to do so. Soon the Federal Reserve will cut interest rates and lower reserve requirements to increase liquidity.]
[A sharply lower opening is a good opportunity to buy the bottom. In fact, the negative external environment is no longer the main contradiction for our country. Unfortunately, most people are afraid of big drops.]
