Chapter 518: Back to 3000 Points 1
On this weekend, when Fu Yuntian and others were busy with Zhong Shi's whereabouts, the entire market was not idle, and all kinds of news were released frequently, and all parties rushed to exert as much influence on the stock market as possible before the market opened on Monday. Pen, fun, and www.biquge.info
Internationally, the Dow Jones Industrial Average fell 530 points, or nearly 4%, on Friday. The S&P 500 and Nasdaq Composite also saw similar declines, while European equities generally fell more than 3%, and the decline in ChinaAMC on Friday affected the performance of global equities. Capital markets in Hong Kong, Taiwan and other regions have not been spared.
In the case of not being able to come up with real money to save the market, the government only came up with a few good news to stimulate the market, including the issuance of pension fund investment management measures, the acceleration of advanced manufacturing and 3D printing, the improvement of tax policies conducive to entrepreneurship, and the implementation of differentiated credit support and other policies to support the entire market.
Privately, the unsubstantiated rumor is that the chief in charge is said to have gotten angry at the work meeting, and the spearhead is directly aimed at the brokerages who are blocking the second round of bailout fundraising. The chief also put down harsh words, saying that these brokers only care about their own life and death, and do not care about the overall situation of the country at all, and this kind of behavior is not only selfish but also has no concept of the overall situation. If they continue to behave like this, the next step is to conduct a thorough investigation of their business to see if they have any possible violations.
Naturally, there is no way to confirm this. But at least on the one hand, it shows that the decline in the stock market has attracted the attention of the top management.
But on the other hand, it also confirmed a rumor to the public, that is, the bailout funds have really dried up.
This news was naturally made by Xu Fei and others. As soon as it was circulated, it immediately caused a huge sensation in the market, and investors immediately recognized the authenticity of the depletion of bailout funds by recalling the performance of Friday's bailout funds.
In addition, news about the RMB being frantically attacked by bears in the foreign exchange market has also begun to circulate.
In the early days of the announcement of the RMB exchange rate reform, the performance of the RMB in the foreign exchange market did not change much, except for a small adjustment in the previous three days. But after a week or so, the renminbi suddenly came under unprecedented selling pressure in the offshore market, especially in the main Hong Kong market, where the bears' attacks on the renminbi were like a tidal wave, wave after wave. In this case, the pace of depreciation of the yuan began to accelerate, and the offshore market has approached the level of 6.5 yuan to 1 dollar, while in the foreign exchange market in Suhai, this exchange rate has also exceeded 6.4.
For the average investor, forex is not something they care about on a day-to-day basis. So although the foreign exchange market has turned upside down, it is not much of an idea for the average person.
But on Sunday, an article in the Financial Express made that fact known to the world.
This article begins with an explanation of the recent developments in the foreign exchange market, which is basically in line with objective facts. But in the middle of the article, the author began to quote the words of several "unnamed fund managers", telling that several well-known hedge funds in the world are shorting the RMB, including Quantum Fund, Summit Fund, and Bridgewater Fund.
The article also said that at present, China's economy continues to decline, various data continue to decline, and the capital market has also seen a near-avalanche. All kinds of circumstances show that China's economy, which once drove the global economy forward, is now encountering an unprecedented crisis, and the domestic capital market and the foreign exchange market can no longer be both. Whether to keep the capital market or the foreign exchange market has become the most troublesome thing for the top management of China.
After deliberately creating an atmosphere of crisis, the article finally set the tone with a righteous and awe-inspiring attitude, in the face of the world's largest foreign exchange reserves, the short-selling behavior of foreign short-selling institutions against the RMB is nothing more than a disease of ringworm. China's economic difficulties are only a small setback during the period of economic transformation, and as long as it undergoes appropriate adjustments, China's economy will take off again.
At first glance, this is a politically correct article, but this kind of official article is not popular with the market. But in the eyes of professionals, there is still a trace of unusual information captured from this article. One of the most important is to announce directly to the public the fact that the renminbi is under attack.
The exchange rate is falling, the renminbi is constantly depreciating, the stock market lacks support, and the bailout funds are not in place.
This, coupled with the lower-than-expected 48 PMI data released on Friday, further confirms the above conclusions.
The immediate effect of this news is the loss of market confidence, which has been unable to stop the collapse of confidence, despite the continuous release of good news from several regulators directly related to the stock market.
This collapse of confidence was directly reflected in the stock market on Monday.
In the call auction stage before the opening of the stock market on the same day, whether it was blue chips, weights or emerging leading stocks, they all suffered varying degrees of sell-off, and the momentum was almost unstoppable. Although many institutions believe that this is a good opportunity to grab the rebound and buy decisively, it is completely unable to stop this wave of selling. As a result, as soon as the stock market opened, it fell by 134 points from the previous trading day.
The opening price was 3373 points, down nearly 4% from the previous trading day, and hundreds of stocks opened directly at the fall limit, which directly announced the death sentence of today's stock market.
When seeing the market perform like this, the hearts of ordinary investors are even cooler. The whole market leaves them with very limited room to operate, and the only way to go is to sell as hard as they can. Soon, before the sell-off in the call auction stage had time to be fully digested, another wave of selling by small and medium-sized investors followed.
The stock index is falling and is unstoppable.
"Do your best and let your destiny be!"
When they saw the situation of rushing to run away on the board, Zhou Deping, Zhao Fei and others looked at each other and couldn't say a word for a while. Half a day later, Zhou Deping sighed and said such a sentence in a gloomy tone.
"That's all it can be."
Zhao Fei, Wang Jintang, Li Rong and the others nodded silently, thinking like this in their hearts.
All the cash in the bailout fund account was dispatched, all the unfilled orders were withdrawn, and they began to do their best to buy those heavyweights that could affect the index in the market, as for the other stocks, they could only do nothing but look at the performance of the market. (To be continued.) )