In the global plummeting market, the Asia-Pacific market has relatively resisted the decline a lot, especially the A-share NSE 50 Index. At least until now, it has not experienced an after-hours drop of more than 600 points.
The next day, Tuesday, March 17th.
The A-share market opened, and the NSE 50 index opened slightly higher in the morning. It opened higher in the first minute after the opening, but it only lasted one minute before diving again.
At around 10 o'clock, the NSE 50 Index plunged sharply to -4.70%, breaking through the 5700 and 5600 points all the way during the session, with the lowest price falling to 5522.58 points. Even the 5500 point mark was in danger and almost fell.
.
The market has shown irrational panic and pessimistic expectations filled the entire market.
In this round of sharp decline, the SGX 50 Index has fallen unilaterally from its all-time high of 6794.27 points. It has only been 8 trading days since today, and the cumulative decline has reached -18.71%. Such a deep adjustment has not yet begun in the SGX.
It has been rare for the market to open for more than four years.
But relatively speaking, the trend of the NSE 50 Index is very resilient in the global market. The Dow Jones Index has fallen from its historical high and has recorded a cumulative decline of more than -31%, and has long entered the so-called technical
Bear market stage.
The NSE 50 Index has not fallen more than -20% so far, which is already a performance that exceeds expectations.
As the black swan sweeps across the world, and after the market has experienced continuous market crashes, investors' expectations for the A-share market have also changed and become increasingly pessimistic.
The first one is the change in the fact that the listed subsidiaries of Qunxingxing spent huge sums of money to repurchase their stocks. From a positive at the beginning, it is now regarded as a negative. Investors believe that these companies should prepare sufficient cash flow support to cope with future difficulties.
environment, rather than using it to repurchase shares.
After yesterday's close, judging from the announced repurchase data, the listed subsidiaries of Qunxingxing repurchased a total of more than 220 billion during yesterday's session. The cumulative scale of repurchase funds during this period has reached a trillion yuan. This way
The intensity of buybacks is nothing short of astonishing.
But judging from the current market feedback, the more buybacks, the worse it will be.
In fact, we are just looking for a reason to sell down. Even if the companies in the Galaxy Group do not buy back, they will still sell out. The reason then is that the valuation bubble of these companies is too big, and to burst the bubble, we need mean reversion.
However, after 10 o'clock, the NSE 50 Index ushered in a strong rebound. The time-sharing trend showed a deep V trend, and it once turned red and rose around 13 o'clock in the afternoon. However, many people were surprised.
The listed subsidiaries of Qunxingxing still did not stop the repurchase, and were still buying and buying in an orderly manner according to the plan during the day. The repurchase plan would not have changed due to external interference, if it were not for the repurchase funds and trillions of square meters.
If quasi-funds take action one after another, there will not be such a strong deep V trend, and the 5,500-point mark may also fall.
The SGX 50 index just turned red in the afternoon, and then fell back to green again, but in the end it was still holding on to 5,700 points.
As of the close, the SGX 50 Index closed down -1.53% at 5706.42 points, with the SGX market's full-day turnover of 1,158.3 billion.
When the magnesium stock market opened in the evening, the three major Bei Magnesium stock indexes once again rebounded sharply by more than 5 points. This was also expected, because during the day when the A-share market was still trading, the three major Bei Magnesium valuation futures had already
It's rebounding.
Because the Federal Reserve continued to make big moves, announcing that it would conduct additional overnight repurchase operations, up to $500 billion, and later announced that it would provide $1 trillion through overnight repurchase operations every day this week.
After that, the Federal Reserve made successive moves to restore the Commercial Paper Financing Facility (CPFF) and the Dealer Credit Facility (PDCF). This is equivalent to directly bypassing commercial banks and directly providing liquidity to real enterprises and non-bank financial institutions.
.
…
Tian Jiayi was reporting to Fang Honghui at the moment. She looked at the material report in her hand and said: "According to Wind statistics, the world's major indexes have fallen by more than -20% from their highest point this year, entering a technical bear market, except for the A-share market."
The NSE 50 Index fell to its lowest level today, recording the largest cumulative decline of -18.71% during the year. However, after closing, it narrowed to -16%, and has not yet reached -20% to enter the so-called technical bear market stage.
As for the Shanghai Stock Index next door, the year-to-date decline at today's close was only -8.87%. After all, it was already lying below 3,000 points and was already in a bad state.
After a while, Tian Jiayi continued: "Taken together, the market value of global stock markets has evaporated to 140 trillion yuan since February 12 this year, which means it has evaporated about 20 trillion US dollars."
Tragedy is not enough to describe this number. An imprecise comparison is equivalent to a big Eastern country working for nothing last year. The GDP of Dongda in 2019 is about 135 trillion yuan, and the evaporated market value is tens of thousands more than the GDP of Dongda.
100 million.
Fang Hongyan said briefly and comprehensively: "What is the current result of our stars?"
Upon hearing this, Tian Jiayi immediately replied: "According to preliminary statistics, this time the comprehensive profit of our stars has reached 2.2 trillion US dollars."
After hearing this figure, Fang Hong nodded with satisfaction: "The global stock market has evaporated by 20 trillion, accounting for more than one-tenth of the total. It is still very good. This rare opportunity has not been wasted."
This time, the super black swan swept the world. Countless investors suffered heavy losses, and some made money. Who made the money?
There is no doubt that the stars are one of the winners.
But Qunxing is actually not the biggest winner of this black swan. In the process of this super black swan event, the biggest winner is actually Squidward Group, which suffered a severe blood loss.
However, their harvest seems to be profitable now, but in fact it is destroying the foundation.
This time, Qunxing followed suit and reaped the rewards. After all, it destroyed the opponent's foundation and still managed to collect 2.2 trillion U.S. dollars, which is an astronomical figure of more than 15 trillion yuan. Why not do it?
Moreover, this is not the final result, because before the bottom of the market, Ah Mei has only blown three times this month. As expected, the fourth meltdown will be staged tomorrow, March 18, and it will continue to drop for a while after the meltdown.
.
In other words, the Star Group can earn much more than the current US$2.2 trillion in this super black swan event.
Fang Hong smiled and said with a satisfied look: "According to the established plan, we will strive to push the total profit scale to the US$3 trillion mark in the next period of time. Such opportunities are rare."
Qunxing has not grown above 30% for many years because its size is too large.
In the absence of a situation similar to the first and second industrial revolutions, according to normal development, the future growth of Qunxing will continue to slow down, and then become closer and closer to the national GDP growth level. After all, even if the current Qunxing Group
As an independent economy, it can reach the top ten.
If a super black swan event like the current one occurs, triggering extremely violent fluctuations in the global market, it can also enter high growth in the short term.
The last time we encountered a similar opportunity was in 2013, which shows that this kind of opportunity is rare.
