By the end of the day, the CSI 50 index plummeted again, striking a long black candle of -5.77%, closing at 1241.90 points after hours.

From an all-time high of 1,575.05 points, it took only seven trading days to close today, and the cumulative decline of the new CSE 50 index reached -21.15%, entering the so-called technical bear market range for the second time.

Before the black swan event of the illegal reduction of shareholdings by the major shareholders of WeChat, the people who participated in the SGX were beautiful, and most of them made money.

But after this incident came out, almost all the people who participated in the SGX lost money, private placements were losing, institutions were losing, ETFs were losing, large investors were also losing, and small scattered people were also losing, either losing money or on the way to losing money.

Anyway, the investors who participated in the SGX in the past few days have almost collectively lost money, because there is no restricted stock refinancing here, and there is no securities lending business, so there is no short-selling profits to hedge, whether it is an institution or a small scatter.

The reason why SGX is plummeting has almost formed a consensus in the market, and that is logic killing.

In order to maintain the authority and credibility of the SGX, even if it knew that WeChat was killed by mistake, it had to be killed.

The market is looking forward to staging the scene of a strong man breaking his wrist, and WeChat heroically went to the death to protect the law of the SGX, but the result was that he never expected that this knife would not dare to cut inward after all.

The reason why this incident has caused such a violent impact on the SGX market is that investors believe that its core logic has been subverted, and so many people who run over are fed up with the next door, and as a result, you are no different from the next door, and directly let these people break the defense.

For many investors, they immediately decided that SGX's logic was terminated and that it should be withdrawn.

Not only did it kill logic, but the bubble of the New Stock 50 Index also had no confidence support, and it also killed the bubble by the way, directly staging a double kill.

……

The next day, Friday, April 29.

The last trading day before May Day opened as scheduled, and the New Stock Exchange 50 Index collapsed again today after two consecutive days of crashes.

At 8:55 a.m., the results of the call auction came out, and the New Stock Exchange 50 Index opened at 1213.39 points and opened a huge downward gap of -2.29% lower. At 9 o'clock, the market opened, and it was another big dive downward.

In less than a minute after the opening, the 1200-point mark was easily broken, and at about 11 o'clock, the lowest kill fell to 1156.52 points, corresponding to an intraday decline of -6.87%, and in just eight trading days, it fell from a historical high of 1575.05 points, and the new stock 50 index created a cumulative decline of -26.57%, which was the largest monthly decline since the index opened.

Towards the end of the session, the new stock 50 index fell -5.56% to 1172.81 points, with a full-day turnover of 161.2 billion.

In the past few days, due to the collapse of the market, the combined market value of all the listed companies in the galaxy has exceeded 5 trillion, which is undoubtedly an extremely astronomical figure.

The major exchange groups and stock bar forums are wailing all over the field.

[It's over, it's all over, it's all calves!] ]

[Seven yin lines in eight days, including five big black lines, four super black lines of more than 5 points, and today's close out of three consecutive yin, the roots are more than 5 points of decline, individual stocks are enough to burst, the index can only be said to be quite explosive. ]

[I saw a stock review today: I was in a particularly bad mood, passing by a weight loss shop, I smashed his billboard, don't ask me why, it's because it says "never rebound"! ] ]

[I'm really speechless and dead, the big circuit breaker at the beginning of the year is not so cruel......]

[1500 points stand guard at the top of the universe, it's cold.] ]

[Audi goes in, Alto comes out; Buffett goes in, Hobbit comes out. ]

[I cried to death, the main board cut the line and chased the new stock 50 ETF with 1460 points, and I was happy for a day, and I lost 20 points. It's better to lie down on the motherboard and pretend to be dead, at least it won't blow up another 20 points......]

[Pure just out of the thief's den and accidentally entered the wolf's den, creating evil!] ]

[People who don't speculate in stocks are at least poor and stable.] ]

[Such a market, such a market, how can it not make people despair, how can it not suffocate......]

[Crying while eating noodles, no lights on.] ]

[Three major illusions in life: the stock market is going to rise, the property market is going to collapse, and she still loves you.] ]

[God K betrayed us after all, and he was not all the way, he finally revealed his true form. ]

[No, I still don't believe it, such a change is really illogical and unreasonable, it is too unbelievable, and it is extremely uneconomical from the perspective of interests, and there must be hidden secrets. ]

[That's the case, are you still lying to yourself?] ]

[If God K hadn't betrayed, and now this is the case, it can only explain that his control of the huge super business empire of the stars is gradually losing control, at least the control is declining, and there are people at the bottom who are going against him and deliberately causing trouble for him......]

[There is this possibility, as long as God K does not betray, then there is still hope for everything......]

[Still putting aside this self-hypnosis, the devil is stunned, it is really better to believe that I am Qin Shi Huang.] ]

……

In the current A-share market, for the SGX and the SGS 50 Index, the shareholders or basic citizens who participated more than a month ago are at most a super-large-scale drawdown of profits, and some have almost touched the principal line.

But those who have participated in this market in the last ten days, if they don't run in time, have now lost more than 20 points.

These people are also the most miserable, the two groups of people are not the same, the people who entered the market earlier are at most distressed by the large-scale drawdown of profits, and the people who have entered the market in the last ten days are desperate for the A-share market.

Because these shareholders generally cut their positions from the main board next door, they have been losing money on the main board next door, and they have been lying down and pretending to be dead and rotten. watched Fang Hong's live broadcast that day, they were as excited as if they had been beaten with chicken blood, and the next day Big A cut the meat and cut off the main board at the opening, and then freed up funds and poured into the SGX with a roar, as if grasping a life-saving straw.

I thought this was to get out of the darkness and embrace a bright future, but I didn't want to fall into a deeper abyss, at least from the current point of view, from the appearance.

These people are now about to regret dying, regretting not lying down on the main board and pretending to be dead, although it didn't rise over there, at least it didn't plummet, at least it didn't fall so much, at least it wouldn't be beaten left and right, and as a result, they came to the SGX and lost 20 points in less than ten days.

At present, these investors who have lost money are angrily accusing Fang Hong of being a big liar of the century, and finally showing their true colors.

At this time of year, Fang Hong's opponents are also indispensable to secretly frantically pace with rhythm, and the sailors on the Internet are crazy with rhythm and say that Fang Hong betrayed his followers.

Fang Hong naturally sees the turbulent public opinion in the outside world, but in the end, he is a person who has experienced great storms and seen big battles, and he has always been calm in the face of this turbulent negative public opinion that is unfavorable to him.

Today is the last trading day before May Day, and the incident has continued to ferment for so many days, Fang Hong has not made any public noise, just waiting for the last trading day before the holiday to close.

There is a three-day holiday later, so that people have enough free time to eat melons, in other words, it is more conducive to making Fang Hong's next voice better and faster to convey the influence.

……

(End of chapter)