Chapter 704 [Intraday crash, the mentality of investors also collapsed]
Today, at the daily limit of the stock market king, all short positions with leveraged funds have basically passed the liquidation line. Anyone with a leveraged capital ratio of more than ten times will have their positions liquidated directly today and be shorted!
It’s useless even if it crosses the strong leveling line, it can’t level out now!
At 9:50, the stock market leader reached the daily limit for about five minutes, which was also about 20 minutes after the opening of the two markets. The market's increase at this time was about to expand to +3%. In the securities sector, as the stock market leader reached the daily limit, the entire sector index now rose sharply.
+9.89%, basically the daily limit.
The rising limit of the stock king contributed nearly 2 points to the market and nearly 9 points to the securities sector, because when the stock king closed the red from about -6% to the zero axis, the securities sector rose to 4
At this time, the stock king’s increase was only +0.01%. These 4 points in the securities sector reflected the daily limit of other securities companies’ stocks.
And as the stock market leader reaches its daily limit, the securities sector index is also approaching its daily limit infinitely.
As Tiansheng Holdings rose to its daily limit, investors from all walks of life jumped on it. Everyone invariably thought of the big financial super market in February, when the stock market leader raised the limit as a clarion call, and then started a unilateral surge!
At 9:55, just when the entire market was restless and the bullish sentiment was turning into a frenzy, Cai Lian Securities jumped into the market and started the clarion call for the main funds to ebb.
Immediately afterwards, more than ten stocks such as Hualing Securities, Tianfeng Securities, Zhongxin Construction Investment, etc. exploded one after another, and the market exploded in an orderly manner like a domino effect.
The stocks that hit the daily limit in the banking sector next door were Qingnong Bank and Bank of Ningbo, and Bank of Ningbo also exploded. The main bull funds collectively retreated from the large financial concept sector.
At this time, the Shanghai Composite Index also reached an intraday high, reaching a maximum of 2,997 points. When it was about to regain the 3,000-point mark, as bank stocks and securities stocks dived, the index turned around and dived after it reached the time-sharing line.
The market hit 3,000 points and declared failure!
At 9:58, all major market software push news:
[Big financial concepts collectively dived, and more than 20 stocks such as Bank of Ningbo, First Chuangye, and Entropy Securities exploded]
When the flash news was pushed out, the securities sector was still exploding.
Until 10 o'clock sharp, in the big financial concept, Qingnong Bank, a bank stock, was still firmly sealing the daily limit, while the securities sector was terrifying. Now only Harbin Science and Technology, Changcheng Securities, and the daily limit were sealed.
Tiansheng Holdings, which has just become the second largest company in the world.
There are only three stocks left in the sector that have reached their daily limit.
The stocks of other brokerage firms with daily limits have all exploded, and those in the back row that did not have daily limits have now turned green. However, the securities sector index still rose sharply by +7.92%. As long as the stock kings steadily close the daily limit today, even if all other stocks
When securities stocks fall to their limit, the securities sector index will also end at around +2%.
Stock investors are in trouble again!
"Nima!!!!"
"Wealth in the market, tears after the market, and an explosive mentality!"
"Goubi Brokerage doesn't do this, I'm stupid!"
"Main, why are you such a bitch? Qiu Qiu, just be a human being!"
"If I buy any more brokerage stocks, I'll kill them all!"
"I jumped in when I saw the stock king's second board. I thought that the stock king had hit the limit and the brokerage firms were going to have a second wave of super market. I never expected that the stock king had hit the limit and the brokerage stocks were collectively diving!"
"Yeah, that's what I thought too. Didn't the brokerage firms riot when the stock market leader hit the limit? Where is the market engine that was promised? I was really deceived this time. The main force really knows how to play!"
"Hahaha, the main force has changed his tactics, you must be stupid!"
"I knew it would be like this. After the big financial super market in February, the big Vs started to say that brokerages are the market engine, and the stock king is the igniter of the engine. If the stock king rises to the daily limit, it must be a big market. How many people are because of this?
If you believe this, I will serve you in front of you today..."
"It's so cruel, it's really like tricking people into killing... [cover face] [cover face] [cover face]"
"This is obviously market manipulation, and it's done without any cover-up, right?"
"Who is here?... [Afraid, funny limited edition]"
"I can't control it. This is Guo Jia's team running the business, and Tiansheng Holdings next door is fighting in the gods. Maybe a financial war is breaking out at this moment today, and I am waiting for Gou San to suffer a disaster!"
…
As big financial concepts crazily smashed the market, the banking sector took the lead in turning green, and the securities sector could not stop its plunge.
The index has also been falling, with no signs of rebound.
The bullish funds from all walks of life in the market had made bold claims to short the market at the last moment, but now they are panicking to death and are following the market smash.
At 11:30, the morning session ended, and the Shanghai Stock Exchange Index closed at 2915 points, with the increase narrowing to +0.32%, basically reversing all the gains contributed by Tiansheng Holdings' daily limit.
The banking sector, which has the largest weight in the two cities, has been hit the hardest. Now it ended the morning with a drop of -0.86%. From the high of the day, more than 400 billion in market value has been evaporated. The securities companies have also lost more than 100 billion, plus other
The sector was dragged down by following the trend and panic selling, and the two cities' overall market value almost evaporated by more than 850 billion. However, the stock king's amplitude increased by more than 16 points during the day, increasing the market value by more than 700 billion.
It was perfectly hedged, and the index fell back to around today's opening price.
…
At 11:52, in the middle of Yangpu Bridge in Shanghai, a private car suddenly stopped on the bridge, causing three consecutive car rear-end collisions.
And the driver's door of the private car opened, revealing a middle-aged man wearing a suit and shoes, giving people a standard image of a social elite.
"How did you drive? Did you die?"
A driver who rear-ended him also got out of the car and pointed at the man angrily.
The middle-aged man ignored him. He suddenly started running and accelerated towards the guardrail of the bridge, then climbed over the guardrail and jumped down...
Jumped into the river!
Several drivers who had just got out of the car were cursing, but when they saw this scene, everyone was so frightened that they exclaimed on the spot.
"Hey? Yaoyao Ling? Someone jumped from the Yangpu Bridge, yes, yes, yes!"
"Why can't you think about jumping into the river?"
"Oh, it's probably gone. It's nearly 50 meters away from the river, and it's no different than if it hit the concrete floor."
"The collapse of an adult happens in an instant, alas..."
…
At the same time, a commercial district in Pengcheng, near the ground of a skyscraper, was currently overcrowded. A cordon was drawn here and several police cars were parked.
After a while, the sound of the siren of the ambulance was heard. After arriving, several medical staff carried a stretcher and crossed the cordon.
"well"
Several medical staff shook their heads and sighed. After a while, another person fetched a black body bag, put the body in it and took it away.
The deceased jumped from a broken window of a hundred-story building.
…
At about the same time, two murders occurred in two areas, both suicides!
One jumped into the river, the other jumped off the building. Both of them have a common identity, private equity investment managers.
They also have one thing in common. Tiansheng Holdings, which had a heavy position, high leverage and short position, was liquidated and liquidated. It went bankrupt in one second and was owed hundreds of millions or even billions. Tomorrow, this number will double or even more.
There is no possibility of turning over, and even if he does not commit suicide, these two people know very well that the creditors will beat him to death, because they both allocated funds from the sidelines, and also found underground banks with gray forces.
…
At this time, the two suicide cases had not yet spread, nor had they reached the capital market, and investors were still unaware of it, but the news had gradually begun to spread through social media.
At around 12:40 noon, Cailianshe Telecom issued a text message:
[Breaking news! The actual controller and fund manager of a private equity fund in Shanghai committed suicide by jumping into the river at around 12:00 noon today. The police have fished the body ashore and notified family members to identify the body. It is reported that the police have ruled out homicide. He did not want to be named.
A colleague said that the private equity fund managed by the fund manager had recently shorted a well-known A-share market target and was liquidated today. The intraday loss rate was as high as -176%, with an absolute loss of 2.9 billion yuan.]
When this sudden news was published, it was like a depth bomb thrown before the market opened at noon. It caused an uproar in the entire capital market and investors from all walks of life were in an uproar.
At this moment, all the major stock forums, stock exchange groups, snowballs and the like are being widely circulated, reposted and discussed hotly.
Almost every investor who saw this text message, surprisingly unanimously pointed to the same listed company, Tiansheng Holdings, about a well-known short-selling A-share target described in the text message!
At this juncture, besides Tiansheng Holdings, who else could be the so-called "well-known target"?
