In the following week, the international bears continued to fight back in the offshore market, but they did not take advantage of anything, and were beaten back at the end of the day, and the bears' counterattack appeared to be very difficult, and the offshore exchange rate was suppressed by 10 basis points to pay a price far greater than they expected.

The reason why the international bears are not afraid is because they also know that there are a lot of funds in the mainland of the big eastern countries that are willing to flee overseas, such as some internal ghosts, some who know that the money they earn has original sin and are afraid of settling accounts after the autumn and are in a hurry to open up.

The international bears have calculated that these fleeing funds can basically hedge the funds of Qunxing Capital, even if Qunxing can set out trillions of funds, it will not be able to drain the water in the pool at all, once it succeeds in creating a panic tide, Qunxing Capital will not be able to withstand even if all the funds that can be used are studed.

It's just that the international bears never thought that the strong intervention ability of the big countries in the East once again exceeded their expectations, and directly strangled the onshore RMB outflow from multiple channels, even if some domestic capital that wanted to open up overseas did not dare to hit the muzzle of the gun at this time, which played a great deterrent effect.

But the bears obviously did not give up, although the situation is unfavorable now, but there is a big reliance on their confidence, that is, the dollar tidal circulation harvests the world, and the big deal is to further promote the dollar interest rate hike, which has become a strong backing for the bears.

At the same time, this week's A-share market also entered a volatile market, Tuesday rose +3.22% back to the 3,000-point mark, but unfortunately the good times did not last long, the 3,000-point mark only lasted one day, fell -1.03% on Wednesday and fell to 3,000 points again, and fell -3.23% on Thursday, the 2,900-point mark was lost, but on Friday again +1.25% barely regained the 2,900-point mark.

Overall, the volatile market of A-shares this week is a sign of stabilization, at least the decline has slowed down, but Friday's rebound has little energy.

In the new week, on Monday, January 25, the Shanghai Composite Index rebounded +0.75% and closed at the 2938.51 level, with a total trading volume of only 518.3 billion in the three major trading markets, and the volume of the Shanghai Composite Index shrank particularly significantly.

……

Early the next morning.

Tian Jiayi was about ten minutes away from going to the company, she looked at Fang Hong: "Have you read the news?" Late last night, a high-level official in North America in the Western Hemisphere publicly accused Qunxing Capital of manipulating the foreign exchange market through the media, and also threatened to propose to its Congress to reimpose sanctions on Qunxing Capital. ”

At this moment, Fang Hong was staring at the tablet in his hand, and he was reading this news, which had become a blockbuster news in China.

Fang Hong didn't raise his head, and said lightly: "If the sanctions work, will they wait until now?" It's not that we haven't been sanctioned, and if we take care of it, we will lose, just ignore it. ”

Tian Jiayi thought thoughtfully: "You still can't take it lightly, if you really want to restart the sanctions, it will still be quite troublesome for the stars." ”

Hearing this, Fang Hong smiled calmly: "Don't worry, we also have a big move." ”

Tian Jiayi didn't say much when he saw that he was winning, and went to the company after chatting for a while.

Fang Hong's big move is not fierce or not, but it is definitely exciting enough, the obscene things done by the elites of the upper class abroad, the old bustard's neat Luoli Island, the hot scandal black material in it, Chen Yu hacked their net back then and accidentally got this super fierce material.

Because it was too exciting, Chen Yu didn't slow down for three days, he really opened his eyes, and he also knew how fierce this black material was, so he just reported to Fang Hong separately and secretly, and only Fang Hong and Chen Yu knew about this matter at present.

Fang Hong was actually not surprised at all, as a cross-reborn person, this black material had already been exposed in his previous life, but he was more surprised that Chen Yu had accidentally got this fierce material back then.

There is no doubt that this is a good hole card that can be a big heavyweight chip in the future game.

……

At this time, the outside world is making a fuss because the dignitaries in North America accuse Qunxing Capital of manipulating the foreign exchange market, and the purpose is also to further label the eastern powers as a currency manipulator.

The opponent's move cannot be said to be a poor donkey, in fact, it does not want to admit defeat, and does not want to take out bigger chips to level the disadvantage of the RMB offshore exchange rate market at the moment, such as announcing the US dollar interest rate hike again, the first round of interest rate hikes was just announced in December last year, and the interest rate hike has only been raised again in the past month or so, and this big move cannot be used frequently.

That's why he accused Qunxing Capital of manipulating the foreign exchange market, and then wanted to extend the game from the financial level to the international governance level.

Affected by this news, the A-share market opened today, and the new stock 50 index, which opened in advance, opened sharply and lower, and the funds inside were fleeing at this time, because the constituent stocks in the new stock 50 index are all with a sign like "Stars", and if Stars Capital is launched by America to launch financial sanctions, investors are worried that these companies may not be spared.

The swooping decline of the new stock 50 index and the pessimistic sentiment have also been transmitted to the main boards of the two cities.

Half an hour later, the Shanghai and Shenzhen markets also opened lower and opened lower, the Shanghai Composite Index quickly fell below the 2900 point mark, and only the military sector moved in the intraday, but the other sectors were not willing to follow up, and the two cities fell again before noon; After the opening, the two markets fluctuated at a low level, and the Shanghai Composite Index tested 2850 points many times.

At around 13:45 in the afternoon, the Shanghai Composite Index expanded its decline and effectively broke through 2,850 points, a new low in 13 months, and broke through the 2,800 point mark in one fell swoop, and the lowest intraday hit 2,743.84 points, a heavy drop of more than 6 percentage points, while the ChiNext index plummeted nearly 8%.

A-shares reproduced the scene of 1,000 shares falling to the limit, and the three major trading markets were all full of mourning.

But today's most ruthless fall is the new stock 50 index, because the scene of the concept stocks of the galaxy almost collectively falling to the limit has also pushed the new stock 50 index to the situation of almost falling to the limit.

But at the same time, gold has become a hot commodity in the market, the international gold price has further hit a new high since the beginning of the new year, and the same domestic gold T+D has also hit a new high this year.

At a time when the internal and external environment is full of uncertainty and pessimism, gold has become a sought-after safe-haven asset.

……

By the end of the day, the three major stock indexes fell heavily across the board. The Shanghai Composite Index plunged -6.42% to close at 2,749.78 points, with a turnover of 212.6 billion, the Shenzhen Component Index plunged -6.96% to close at 9,483.55 points, with a turnover of 310.5 billion, and the Singapore 50 Index plunged -9.88% to close at 798.78 points, with a turnover of 49.6 billion. The total trading volume of the three major markets was 572.7 billion.

On the disk, the industry sector fell in an all-round way, with gene sequencing, network security, industry 4.0 and other conceptual sectors falling by more than 9 percentage points as a whole, and individual stocks reappeared in the 1,000-share fall limit, and only less than 60 stocks in the three major trading markets were red, and less than 10 stocks were up and down.

There are several reasons for today's market crash:

From the technical point of view, it has not departed from the downward channel, and the market is still a game of stock funds, and the quantity can not effectively achieve a breakthrough; From the perspective of the external environment, the RMB has suffered sharp fluctuations recently, and the H-share and foreign exchange markets have suffered huge amounts of continuous shorting by international capital; In addition, oil prices, which have not rebounded for a short time, have plummeted again, killing the recent rebound in the European and American markets, and the three major North American stock indexes fell again last night.

Stockholders never thought that the market in 2016 began to be so purgatory, the first month of the new year has not ended, the decline of the broader market index has accumulated more than 22 percentage points, the new stock 50 index from a historical high of 1051.58 points down to a cumulative decline of more than 24 percentage points, the three major stock indexes have entered a technical bear market during the year.

This is still more than 20 percentage points down in the case of last year's disaster-level market explosion, and the proper disaster-level market 3.0 version.

Today's explosion of this big black candlestick directly crushed the confidence of investors.

Even investors who were extremely optimistic about the New Stock 50 Index a year ago, and investors who bought the New Stock 50 ETF, began to waver in their hearts at this time.

……