My Fintech Empire

However, the current capital market did not continue to fall after the sharp drop on the first trading day after the short holiday. There were signs of stabilization in the next two trading days, and the Xinzheng 50 Index also consolidated around 4450 points.

First, the international crude oil price hit US$79 per barrel and fell for two consecutive days. After the deadline for the embargo on Iran arrived, the United States finally exempted 7 countries and 1 region, including the Eastern power.

According to the United States, these countries and regions can continue to buy Iran's oil.

Who is Iran's largest oil buyer now? It is the Eastern power, but the United States has made an exemption. This embargo can be said to be a lonely ban. In fact, the entire exemption is to find a way out for itself. The Eastern power is determined to buy Iran's oil. Can the United States really stop it?

After the exemption list came out, some people were happy, some were sad, and some chose to ignore it. However, this is obviously not the result that the United States wants most, because the original idea was to reduce the oil imports from Iran to zero.

The rapid rise in international oil prices before was largely due to the market's concern that countries would stop importing oil from Iran, which would lead to a global shortage of supply, so they were reluctant to sell, further pushing up oil prices. In addition, the sudden incident by the Eastern superpower at the beginning of this month shocked the Western world and accelerated the rise in oil prices.

But now that the exemption list has come out, everyone knows that some concerns are unnecessary.

Because not only does Iran itself have no confidence in completely stopping Iran's oil exports, but except for a few countries, most countries will probably not reduce or stop importing Iran's oil according to Iran's wishes.

In addition, some institutions have heard some rumors that Iran has established communication channels with the Eastern superpower, and it is highly likely that it will not be able to rise, but it is just a false alarm.

Since the risks that may lead to rising oil prices have been eliminated, oil prices have fallen.

However, it stabilized for two days after the sharp drop, because a piece of news caused global stock markets to fall across the board again.

AMG officially announced that it would impose a 10% tariff on $200 billion of Greater China imports, and said that this ratio would be raised to 25% on January 1, 2019. In response, the Eastern giant decided to impose tariffs on $60 billion of North American goods.

The outside world was stunned. What was going on?

Why did they escalate the trade war again? Didn't the news just come out that the two sides had communicated? What kind of communication was this? Communication, communication, communication for nothing?

Global stock markets had to fall first!

Fang Hong was very calm about this, and he was very calm, because he was one of the few people who knew the inside story.

On Thursday, October 11, affected by this negative news, the three major A-share trading markets fell across the board, and the bidding was sharply lower. The New Certificate 50 Index opened sharply lower by -1.92%, the Shanghai Composite Index opened sharply lower by -3.04%, and the Shenzhen Component Index also opened sharply lower by -3.22%. The three major stock indexes opened one after another, showing a unilateral downward trend throughout the day.

The SGX 50 Index broke through the 4400 and 4300 integer levels in succession, while the Shanghai and Shenzhen stock markets next door were even worse, not only hitting a new low this year, but also falling below the "circuit breaker bottom" of 2638 points at the beginning of 2016. The Shanghai Composite Index lost the 2600-point level, down more than 1,000 points from this year's high of 3587.

Individual stocks were also miserable, and the A-share market also staged a thousand stocks hitting the limit today, and the market volume was enlarged. The SGX market returned to the trillion-dollar transaction market today, and overall pessimism in the market was spreading.

However, today's thousand stocks hitting the limit were mainly due to the absolute majority of stocks hitting the limit in the Shanghai and Shenzhen stock markets next door. Although the SGX market was also bleak today, there were only 97 stocks hitting the limit. With the contrast of the two markets next door, investors also said that the SGX market was still resistant to declines. Many times, happiness is often compared. Seeing the two markets next door so miserable, investors participating in the SGX market suddenly felt more balanced.

As of the close, the SGX 50 Index fell -3.75% to 7279.13 points; the Shanghai Composite Index fell -5.22% to 2583.46 points; and the Shenzhen Component Index fell -6.07% to 7524.09 points. The three major markets had a total turnover of 1368.2 billion, of which the SGX market had a turnover of 1009.5 billion.

After today's sharp drop, the market ushered in a wave of oversold rebound on Friday. The SGX 50 Index rebounded +1.39% with a reduced volume to 4338.55 points, and the SGX market turnover was 857.6 billion. The Shanghai and Shenzhen stock markets next door also rebounded, continuing the downward trend in the morning, hitting a new low during the session, and then counterattacked and closed red driven by heavyweight stocks.

Fang Hong now has two major good news in his hands, one is the final payment of 50 billion US dollars from the local tyrants, and the other is the cooperation in the fields of Internet, AI and big data with a new 100 billion US dollars from the local tyrants.

These two major good news have been suppressed and have not been released until now, because it is not the time yet.

In the following week, the A-share market rebounded for one day but failed to stabilize, and continued to fluctuate and fall. On Thursday, October 18, the three major trading markets fell unilaterally again, and the three major stock indexes all showed a bare-footed shadow K-line pattern.

The Shanghai Composite Index fell below the 2,500-point mark, and individual stocks were in the red. More than 100 stocks hit the limit. Zhong Petroleum, Communications Construction, China Railway Construction and other heavyweight stocks with Chinese characters crashed the market, and the market's strong sectors fell one after another.

On the SGX market, the heavyweight stocks of the listed subsidiaries of the Qunxing system continued to fall. About half of the constituent stocks of the SGX 50 Index are those of the hundreds of billions or even trillions of the Qunxing system. If these big guys fall, the SGX 50 Index will never rise.

After Jiuzhou Blue Arrow broke through the 2 trillion market value mark, the cumulative decline during this period also reached 25 percentage points. The market value of Xingyu Technology barely held the 10 trillion market value mark, and the SGX 50 Index barely held 4,200 points.

At the close of today, the SGX 50 Index fell -2.17% to 4,203.24 points; the Shanghai Composite Index fell -2.94% to 2,486.42 points; and the Shenzhen Component Index fell -2.41% to 7,187.49 points. The three major markets had a total transaction volume of 958.6 billion, of which the SGX market had 718.9 billion.

The liquidity of the Shanghai and Shenzhen stock markets next door is on the verge of exhaustion again, but the SGX market still maintains a high trading volume, and the trading atmosphere in the market is very active, which is a sharp contrast between the two.

Investors in the A-share market really have no confidence in the Shanghai and Shenzhen stock markets next door, and few people play them anymore. However, when the SGX 50 Index fell recently, the mentality of stockholders was a good opportunity to buy at the bottom. The more the market fell, the more they bought, so the trading volume was not weak.

This is the best manifestation of confidence in the SGX market. Those who missed the opportunity before were thinking that they had no good position to get on the bus. Now that it has fallen back, it is a good time to get on the bus.

The SGX 50 Index fell from its historical high of 4582.78 points to today's 4203.24 points, with a cumulative decline of -8.28%. Up to this adjustment, funds have been buying at the bottom one after another.

The general market believes that the maximum drop is 4077 points, the previous low in the recent period. If it drops to this point, we can boldly move in the direction. The probability of falling below 4000 points is very small. If it really breaks, it will only increase the funds to increase their positions, because it is believed that the trillion-dollar stabilization fund will take action at that time.

This is why everyone has confidence in the SGX market. Now everyone has always believed that the view of the bull market cycle remains unchanged. As long as there is no sudden black sky event, the bull market in the SGX market is unlikely to be interrupted. Even because of the existence of Fang Hong and the stars, the rescue of the market will definitely come as expected.

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