My Fintech Empire

At this moment, the two major indexes seem to be competing with each other, one is catching up fiercely, and the other is trying to widen the gap.

But one is catching up easily, and the other is leading very hard.

On the market, Xingyu Technology, the absolute top brand on the SGX market, helped the SGX 50 Index to rise, while the Shanghai Composite Index was barely offset by the joint efforts of banks, non-ferrous metals, precious metals and real estate sectors to avoid being overtaken. Among them, the banking sector contributed the most and was also the absolute weight sector of the Shanghai Composite Index.

After 10:30, Xingyu Technology showed signs of decline and lost the integer position of 10 trillion market value. The SGX 50 Index also fell, and the gap with the Shanghai Composite Index widened. The neighbor seemed to be relieved, so it also fell.

An hour later, at 11:30, the Shanghai and Shenzhen markets closed for lunch, and the Shanghai Composite Index was locked at 3523 points.

However, the SGX market did not take a halftime break. After opening, the trading continued until 15:00 in the afternoon. During the lunch break of the Shanghai and Shenzhen stock markets, the SGX 50 Index once again exerted its strength.

Xingyu Technology stopped falling and attacked again, and its market value returned to the 10 trillion mark, but it only maintained it and did not attack upward. If it continued to rise, it would have to go to the daily limit.

But there is not only one Xingyu Technology in the SGX market. At 11:49, Matrix Quantum, which ranks second in market value, began to exert its strength.

At 12:17, major market software pushed out news:

[Matrix Quantum moved up abnormally, the increase expanded to 4.37%, the market value scale was 6.42 trillion, a record high, and the current transaction volume exceeded 39 billion]

Stockholders had just finished reading this news, and a few seconds later, another news popped up in a small window:

[The SGX market was red forever, more than 300 stocks hit the daily limit, the market showed a general rise, and the SGX 50 Index rose strongly again, the increase expanded to +3.3%, reaching a record high of 3525 points]

At this moment, major stock forums and communication groups were boiling.

[Witness the moment of history! ]

[Today's market is destined to be recorded in the history of the A-share market. On this day, Xingyu Technology broke through the market value of 10 trillion, and on this day, the SGX 50 Index surpassed the Shanghai Composite Index in absolute numbers. Oh, by the way, according to the current exchange rate, the market value of Matrix Quantum has also entered the trillion-dollar market value club! ]

[I am not well educated, I can only call Niubi Plas——! ]

[I strongly felt that the times have really changed. ]

[Indeed, I also have this strong feeling. At the moment when the SGX 50 Index broke through 3525 points and surpassed the Shanghai Composite Index, I had a strong sense of déjà vu of the handover of the times. Perhaps many years later, when we look back on this period of history, we will regard the event that the absolute number of the SGX 50 Index exceeded the Shanghai Composite Index as a watershed and landmark event in the A-share market. ]

[The Shanghai Composite Index jumped up and down and yelled: You have no stock ethics. You actually took advantage of my rest time to make a surprise attack! ]

[The two neighboring markets have become history, and the SGX is the future! ]

[If you ask me, the SGX 50 Index truly reflects the actual level of our country's economic development. The Shanghai Composite Index has been jumping around more than 3,000 points for ten years. This is too ridiculous. Although the SGX 50 Index has risen fiercely, I think it is recovering the interest and lost dividends of the past ten years. It is good and it should be. ]

[You are right, I agree! ]

……

The attention of the entire market has been attracted by the SGX, and everyone is discussing various topics related to it.

During the noon period, some things in the stock market were once again on the hot search. Many people were searching for keywords such as "New Securities 50 Index" and "Xingyu Technology Market Value 10 Trillion", and major media were also competing to report.

In addition, Matrix Quantum was also in the limelight today, because this stock broke through the historical high today, standing above 6.4 trillion, and according to the latest exchange rate, it also broke through the 1 trillion mark when converted into US dollars.

Another major factor in being able to enter the trillion-dollar market value club today is the continued strengthening of the RMB exchange rate over the past year, from 6.9 a year ago to the current 6.4. There are many reasons for this, and it is difficult to explain it in a few words.

But the fact is that the current RMB is a hot commodity.

At present, there are only two listed companies in the world that have entered the trillion-dollar market value club, namely Xingyu Technology and Matrix Quantum. Both are from the Eastern power and are currently ranked first and second in the world in terms of market value. Apple is ranked third next.

As it stands now, not only is it difficult for Apple to catch up with Xingyu Technology, but even Matrix Quantum is constantly widening the gap with it.

This is also a topic that people talk about with great relish. A few years ago, no one dared to imagine that the world's first and second largest companies would come from Greater China. Moreover, it is not a flash in the pan like Zhongyou Petroleum's first place in the world ten years ago. This is a solid first place, and the second place is also taken down. Moreover, they are all high-tech companies, not oil and financial stocks.

To a large extent, it also reflects from the side that the Eastern power is making rapid progress in the field of science and technology beyond the expectations of the whole world. Even if America wants to hold it back, it can't hold it back, but it is getting stronger and stronger.

Not to mention the industrial capacity. As early as 2010, the industrial scale became the world's first. It was also from that year that America realized the seriousness of the problem and began to clamor to return to the sub-titanium region.

To this day, the industrial capacity is the best in the world. This is not an exaggeration. The size of the Eastern power alone accounts for nearly 40% of the world, which has never happened in human history.

The entire Western industrial capacity is also beaten by the Eastern powers, and now they are breaking through one by one in the high-tech field, and the crown jewels of the Western industry are being picked one by one.

…

In the A-share market, at 13:00 in the afternoon, the Shanghai and Shenzhen stock markets opened again. The Shanghai Composite Index tried to attack again and surpass the Xinzheng 50 Index. However, at the same time, the Xinzheng 50 Index continued to break through the historical high. The Shanghai Composite Index next door was very hard to catch up. It fell twice during the session, but it seemed unwilling to give up and attacked again at the end of the session.

While the two major stock indexes in Shanghai and Xinzheng were chasing each other, the Shenzhen Component Index, which was quite bullish yesterday, seemed to choose to lie flat and swing directly, jumping up and down the zero axis repeatedly, falling -0.25% for a while, then rebounding to +0.25%, turning green and then red...

The current market is that the heavyweight stocks are strong across the board, while the theme stocks are lonely. Only the themes such as fluorine chemicals, small metals and pork performed relatively well.

The world has reached a consensus that only the small and medium-sized enterprises in the Shenzhen Stock Exchange have been beaten. Yesterday's rebound has gone back, which is really terrible.

The SGX market and the Shanghai Stock Exchange's large-cap heavyweight stocks are competing. The two major indexes are competing. More than 80% of the liquidity has been siphoned away by the large-cap heavyweight stocks. This is the main reason for the tragic market of small and medium-sized enterprises. Of course, the most fundamental reason is that they have been abandoned by retail investors, which is a matter of hurting the foundation.

Finally, as time came to 15 o'clock, the competition between the SGX 50 Index and the Shanghai Composite Index also ended with the closing of the market. The result is that the SGX 50 Index is better.

As of the closing, the three major A-share trading markets all ended in the red. The SGX 50 Index absolutely led the three major stock indexes with a large-volume long positive line of +4.03%. The closing price was almost at the highest price of the day, and it was locked at 3550.67 points after the market.

The Shanghai Composite Index closed up +1.29% after the market, at 3546.50, surpassing the highest point in January 2016, setting a new high since the big circuit breaker.

Shenzhen Component Index closed up +0.37% at 11555.25 points. The performance of Shenzhen Stock Exchange today can be said to be lagging, but it ended in the red anyway.

There is no doubt that the dazzling light of the SGX market has completely overshadowed the two neighboring markets. Various data indicators are showing a crushing trend, and today has created too many new historical records.

…