My Fintech Empire

Chapter 1523 [International oil prices plummeted by -33% during the day, causing magnesium stocks to stage a circuit breaker]

Monday, March 9.

Today's trend of international oil prices started with a direct collapse. The price of WIT crude oil opened directly at $32.87, starting with a bloody collapse of -20.39%. Domestic friends were amazed.

Not only that, the intraday price even broke through the $30 mark. The price of WIT crude oil plummeted to $27.34, and the corresponding intraday decline soared to -33.78.

The Kewei stock market directly announced the suspension of trading, the index plummeted by -10%, and the stock market of the Sat tycoon also plummeted by -8%. The panic sentiment in the global capital market also exploded.

Everything was killed, and the US dollar index also plummeted all the way, setting a new low since October 2018.

As 9 o'clock arrived, the A-share market opened, and the opening price of the SGX 50 Index hit a huge gap of -1.51% at 6527.96 points.

After the opening, it opened low and continued to fall all the way. The two neighboring markets were not immune, and they all opened low and fell.

In the current environment, basically no market can be immune, even the SGX market is not good, and they are all panicking and plummeting.

The concept of masks has almost become the only hot spot, because this black swan, the concept of masks is a beneficiary stock.

But this is just a trivial local hot spot, which can be almost ignored for the entire market.

From the market point of view, almost all major sectors fell across the board.

In terms of individual stocks, Xingyu Technology fell -7% during the session, losing the 20 trillion market value mark, and Matrix Quantum's maximum intraday decline also reached 5 percentage points at one time.

At the capital level, the three major trading markets are experiencing large net outflows. The net outflow of northbound funds has set a new historical record, breaking the 70 billion net outflow mark for the first time, and the transaction scale of the entire market is also releasing a huge amount.

No takeover, no takeover at all.

Because Fang Hong did not let the stabilization fund take action, nor did he let the market maker under his command take action, and the company's repurchase plan was not announced, just letting the market fall.

You can't take action at this time. If you force a move and drag it hard, you will definitely be able to support the market today.

But the consequence of doing so is that with the plunge in the magnesium stock market, the SGX market will definitely enter a compensatory decline, because the global market is crazy, and your SGX market will definitely need to make up for the decline.

The funds you are supporting the market now will be withdrawn at that time, and the market will fall, so I will take a step first.

Investors from all walks of life in the market will definitely interpret it this way, and then it will become an established fact.

So now you can't sell it. If you sell it, you can only hold it for one or two days. Then the market will still fall sharply. At that time, it will be equivalent to spending twice the amount of funds to support the market. Fang Hong will naturally not do such a stupid thing.

At this moment, many long-term funds and those with huge profit margins can no longer hold on, because the decline is too scary. Major markets around the world are bursting, and even crude oil prices can burst by more than 30 percentage points in one day.

The profit funds accumulated in the SGX market before began to leave the market, which is exactly what Fang Hong is happy to see.

The trading volume of the six major new certificates 50ETFs today is also in a state of explosion. There are many people who buy at the bottom. People with light positions and fixed investments dare to buy at the bottom. This is actually a turnover.

Moreover, the SGX market has been open for more than three years. The restricted shares of the early listed companies have also been lifted, and the market's circulating stocks are also increasing.

Especially the group of galaxy listed companies such as Xingyu Technology and Matrix Quantum, which are not only large in size, but also listed on the neighboring Shanghai and Shenzhen Stock Exchanges before the birth of the SGX, and then transferred to the SGX market for listing.

These big companies will release a huge amount of circulating stocks, and the company's management and major shareholders will definitely not reduce their holdings, especially at this critical juncture.

However, for investors who participated in the primary market in the early stage, the restricted shares have been released, and at the same time, financial investors who have not exceeded the 5% line, mainly institutions, do not need to issue an announcement to reduce their holdings.

The proportion of equity held by these institutions is very low, especially for big companies like Xingyu Technology, many of which do not exceed 0.1%. Even if the proportion of 0.1% corresponds to a market value of 10 to 20 billion, it is an astronomical figure.

In fact, most institutions hold a few tenths of a percent of shares, and the market value held is less than 10 billion.

At around 13:22 in the afternoon, major market software pushed the message:

[The New Securities 50 Index fell by more than -4%, the largest single-day drop in three years. 】

At that time, the SGX market became the most brutal one among the three major A-share trading markets, and it was also one of the few examples. The SGX 50 Index broke through the three integer levels of 6600 points, 6500 points and 6400 points in one day.

The annual line is also on the verge of turning green, and the gains in the first two months of the year are almost swallowed up by the two big negative lines yesterday and today.

At the end of the trading day, the SGX 50 Index lost the 6300 point mark, and the lowest intraday point was 6299.95 points.

Today, all those who bought the bottom have eaten big noodles, whether they bought the bottom in the morning or in the afternoon, but there are still many people who bought the bottom. Near the end of the trading day, there are still many retail investors who bought the bottom of the SGX market through the SGX 50ETF.

Those who buy at the bottom during this period will definitely be stuck in the next few months, but those who invest for a long time and dare to take action during the decline will definitely be able to obtain considerable returns in the future if the cost drops.

In a sense, if they are not stuck for a period of time, they will most likely not make money in the future.

Because the market does not fall, the funds that got on the train earlier will not come out, and there will be no turnover, so they will have no chips, and without chips, they will not make money when the price rises to the sky.

In the SGX market, this decline is really for a better rise in the future, but this sentence has been used as a classic statement by experts to deceive investors.

The SGX 50 Index also encourages long-termism and patient capital. Even if you lose money, it is a temporary floating loss. As long as you can endure it, it will rise back later.

As of the close, the three major A-share indices fell across the board. The SGX 50 Index barely held 6,300 points at the end of the day and closed at 6,314.53 points after the market, with a sharp drop of -4.73%; the Shanghai Composite Index plummeted and lost the 3,000-point mark, a sharp drop of -3.01% to 2,943.29 points, and the Shenzhen Component Index plummeted -4.09% to 11,108.55 points.

Today, the trading volume of the A-share market set a new record, with a total of 2542.2 billion in the three major markets, of which the SGX market released an epic volume of 1456 billion.

In addition, the net outflow of funds from the SGX market also set a new record today, reaching a huge 166.5 billion.

At night, Fang Hong stared at the trend of the peripheral markets, mainly the northern magnesium market, and witnessed the magnesium stock market staged a big circuit breaker again.

The event that triggered the circuit breaker was that the rich in Sat and the big goose could not reach a new agreement on oil production cuts. In view of the super-tough attitude of the big goose and the crackdown on the high-cost North American mining market, the rich in Sat also decided to retaliate by increasing oil production, with daily production increasing to 12 million barrels, setting a new record.

As time went on, the North Magnesium stock market opened as scheduled, and the three major stock indexes all exploded at the opening. Among them, the Nasdaq index plummeted -7.2%, the Dow Jones index plummeted -7.79%, and the S\u0026P 500 index plummeted -7%, creating the largest drop since 2013, triggering the circuit breaker mechanism, and all three major stock indexes in North Magnesium were suspended for 15 minutes.

Fang Hong saw that the U.S. stock market triggered the circuit breaker mechanism, and he was satisfied to turn off the market software and no longer pay attention to it, so he could go to sleep with peace of mind.

The magnesium stock circuit breaker, the stars can also make a lot of money. Fang Hong is no longer trading in the first-line trading room. He has an excellent trading team he has trained, and the strategy has been formulated before the market.

At this moment, the news of the magnesium stock market crash spread rapidly around the world through the global Internet, as if it had wings.

All major media outlets were pushing this news, and investors around the world were in an uproar.

…