Chapter 1325 [Panic Spreads]

The blood collapse in the peripheral market, and the news spread across the ocean to the mainland, also caused panic, mainly because the North Magnesium stock market fell too scary last night.

Everyone is looking for reasons for the crash, and many people are caught off guard.

The next day, Tuesday, February 6, another thing in the morning became lively on the Internet, and many melon-eating netizens who do not speculate in stocks are participating in the topic discussion, that is, they are now claiming that "there is no one who understands the world's top king better than him".

Last night, magnesium stocks plummeted, and netizens of North Magnesium began to discuss and quickly brought the topic to the world, causing netizens around the world to join it.

In addition to the wailing and lamentation about the collapse of the stock market, Ami netizens with good things dug up what they once said on the Internet: If the Dow Jones fell by more than 1,000 points that day, then the current Zong should be loaded into a cannon and shot at the sun at an alarming speed! No excuses!

In fact, this is a spoof of the news posted by a netizen with Ying, in order to make fun of the controversial remarks of the misunderstanding, but it unexpectedly went viral on the Internet, and many people thought that it was in vain.

And last night, magnesium stocks plummeted, and the Dow Jones index collapsed by 1175 points, so many netizens dug up this stalk again and ridiculed it violently, and it became popular again.

People who don't speculate in stocks are happy to participate in the whole work of playing stalks, but people who speculate in stocks are panicking at this time, because when many melon-eating netizens were playing stalks, a strong news broke out at about 8 o'clock in the morning.

A so-called insider on the Internet broke the news that North Magnesium intends to kick out the SWIFT settlement system to Qunxing Capital.

When the news reached the mainland, the capital market suddenly exploded, and the panic index soared.

If the news is true, doesn't it mean that Qunxing Capital was directly kicked off the table and not allowed to play? You must know that the main source of income of Qunxing Capital is the game in the international foreign exchange market.

Global capital secretly both envy and admire the ability of Qunxing Capital to strategy the foreign exchange market, no matter how you say that people can make money in accordance with the existing rules of the game, they can't be convinced.

And there's nothing you can do about him, because he didn't use any means beyond the rules of the game, and even if he did, he didn't find any evidence until now, but other people often used tricks that were not on the table.

Everybody plays like this, but he can make money standing and make a lot of money.

There is no doubt that if the news is true, it will have a huge impact on the income of Qunxing Capital, and there will be a series of chain reactions, and a series of super projects and strategic planning in front of Qunxing will be affected to varying degrees, and even cause a systemic crisis, especially in the SGX market, everyone knows that the absolute fixing star and ballast stone of this field are Qunxing.

Many people just saw the news and exclaimed that Lao Magnesium is going to draw salary from the bottom of the kettle, dangerous!

Affected by this negative news, the New Securities 50 Index, which had just rebounded yesterday and showed signs of stabilization, fell sharply below the 3,500-point mark today, and closed down -2.64% at 3,468.80 points, a huge volume of 740 billion.

This is already the result of Fang Hong's early preparation for the response, otherwise he would have to run for a 5-point plunge today.

The SGX market also has stars around, but the two markets next door fell even worse, with the Shanghai Composite Index plummeting -3.35%, the Shenzhen Component Index plummeting -4.23%, and the Shenzhen ChiNext Index hitting a record low of -5.34%.

In addition to the negative news from the external market, the mainland itself has also ushered in a major negative situation, and the positive policies on financial deleveraging have been implemented, three of which are related to the secondary stock market.

The first is to reduce the leverage of trust funds, including the suspension of new middle-level capital allocation business and the suspension of new single ticket capital allocation business; Second, the asset management plan is deleveraged, and the shares of companies with shareholders of the asset management plan are under pressure to reduce their holdings; Third, equity pledge financing needs to be re-regulated in accordance with the new regulations.

In addition, the performance of those listed companies next door was also detonated, which hit the confidence of investors on the main boards of the two cities.

Recently, listed companies in Shanghai and Shenzhen have announced their 2017 annual operating results, and a few companies have announced report cards that exceed market expectations, with huge losses, and some are suspected of financial fraud, which has caused a huge blow to investor confidence.

In May 2015, the company's market value once reached 150 billion, but in fact, the controller Jia Boss has been stranded in the magnesium country last year, and there has been a large number of debt defaults, and it will always be the state of returning to China next week.

The company announced today that it is expected to lose 116 billion in 2017, the company has no loss record since its listing, such a huge loss also challenges the market's affordability, and from the beginning of April 2017 to the resumption of trading after the announcement of the annual report on January 24 this year, until today there have been 10 trading days, and after the resumption of trading, directly 10 boards and a word down limit.

The shareholders who were set in it wailed all over the field, it was originally a variety of waist cuts, and the resumption of trading was happy to mention the loss of -65%, which can be called a waist cut and then a waist cut and then a thigh and a back toe cut.

To the consolation of shareholders, the listed companies on the other side of the SGX market are not bad, although there are also performance losses, but most of them are good.

The most important thing is that there is no fraud in this field, at least there has not been a case in the past two years since the opening of the market, and even ST shares are currently only WeChat stocks, and everyone knows that WeChat is ST by "tears and horses", although it is now ST, but it is still a trillion market value.

Moreover, more than 1,000 listed companies on the SGX have not had a performance explosion so far, especially about eighty percent of the companies listed in the first two years have performed well, after all, the companies listed in the first two years can be called K God strict selection, and the quality is properly guaranteed.

As for the stockholders who were trapped, they now just want to wait for Le Shi to open the board and cut their positions with tears, and transfer the remaining little to the new stock 50 ETF.

……

The next day, Wednesday, February 7.

The three major stock indexes in the A-share market fell again across the board, with the New Stock Exchange 50 Index closing down -1.38% at 3,421.02 points with a turnover of 641.4 billion, the Shanghai Composite Index closing down -1.82% at 3,309.26 points with a turnover of 295.3 billion, and the Shenzhen Component Index closing down -1.26% at 10,246.97 points with a turnover of 231.3 billion.

The Shanghai 50 index has plummeted, which also announces the collapse of the market of institutions in the blue-chip white horse stocks.

On the one hand, the proportion of positions is too heavy, and it is necessary to issue an announcement to reduce holdings, on the other hand, there is also the burden of idols, others can run but you can't run, because others can ask for money and shamelessness, unless you also want money and shamelessness.

Obviously, compared to that bit of money and face, Fang Hong must have face, the face of the stars is much more valuable than that bit of money, just for that bit of money? It can only be said that the duck opens its eyes, but the duck does not close.

So I didn't choose to run away, but stuck to the market and endured the fall together.

However, for Qunxing Capital, even if it bears the fall with the market, it does not lose the principal, because it entered the market early enough and the holding cost of chips is low enough, and now it is at most a drawdown of profits.

……