My Fintech Empire

Today, the A-share market rose against the trend, but foreign capital did not buy much, and the overall net outflow was more than 13 billion.

This is normal, because the external markets have fallen and many foreign institutions have also suffered losses. During this period, they also need to cash out from the A-share market to fill the gap, which is also a phenomenon that Fang Hong is happy to see.

Now it is necessary to clear the early market funds, and only with turnover can they be cleared.

Fang Hong is not worried at all that foreign capital will make money and run away and will not come in the future. When the time comes, it will still come back, and it will chase high.

In the evening, the Beijing Magnesium Stock Market opened, and the three major stock indexes opened with a large gap as expected. The trend fluctuations were also extremely violent. It once plunged and turned green during the session, but was pulled up again at the end of the session.

At the final close, the Dow Jones Industrial Average rose by +4.89%, the Nasdaq rose by +4.95%, and the S\u0026P 500 rose by 4.94%.

…

The next day, Wednesday, March 11.

Today, the A-share market opened, and the three major stock indexes all opened slightly higher, but the trend was relatively weaker than yesterday, and the trend was volatile during the early trading.

After the afternoon opening, the market weakened again and failed to continue the red market.

Because of the drag of the external market, other stock markets in the Asia-Pacific market are getting weaker and weaker, and the Dow Jones valuation futures have also fallen again.

Originally, there was a big rise yesterday, and short-term profit-taking needed to be cashed in, and the decline of the external market also made funds dare not layout.

The New Securities 50 Index, which regained the 6,500-point mark yesterday, fell below it again today, and fell below the 6,400-point mark in succession. It closed down -1.78% after the market, at 6,392.45 points, and the SGX held a reduced volume of 1,224.3 billion.

The three major stock indexes also closed down across the board.

In the evening, a piece of news once again brought down the US stock market. Dongwang announced that except for Yingzi and Ireland, on Friday, March 13, travelers from 26 countries of the "Sino-German Convention" will be restricted from entering Beijing for 30 days.

Many investors were disappointed with the market, which accelerated the decline in stock prices. Due to the instability of stock prices, a herd mentality was generated, and the vicious cycle aggravated investors' panic.

That night, the three major stock indexes in Beijing plummeted across the board, not only swallowing up all the rebound yesterday, but also further hitting a new low for the year.

The Dow Jones Index plunged more than 1,400 points again, plummeting -5.86% to a recent low, and the decline from the highest point reached -20%, taking the lead in entering a technical bear market trend.

…

Affected by the sharp drop in the external market, A-shares opened low and fell on Thursday, March 12, and the Xinzheng 50 Index also fell again, falling below 6,300 points and 6,200 points in succession during the session, and fell to 6,189.91 points at the lowest, close to the previous low, with the largest intraday decline of more than 3 percentage points.

Because the Nasdaq valuation futures had a circuit breaker this morning, the global market was also bleak, and the A-share market did not dare to attack, and domestic and foreign capital were flowing out.

The A-share market closed at 15:00, and one hour later at 16:00 in China, the European stock market opened, and the market collapsed, which stunned countless domestic investors.

The FTSE 100 index of the three European idiots in England plummeted by -10.87%, the DAX30 of Germany plummeted by 12.24%, and the CAC40 of France plummeted by -12.28%. When seeing the three European idiots in this state, the Beijing stock market is likely to be finished tonight.

Beijing has also started, and the mayor of Washington has offered a "smart plan" and said that declaring a state of emergency can use more resources to deal with this crisis.

And Dongwang also said that this can be considered.

Bad news came one after another, and England announced that it would impose a 2% digital tax on Facebook, Google, and Amazon.

There is also news that the Chicago Board Options Exchange (CBOE) will close the options trading hall on March 13 and suspend open outcry trading in the trading hall as a measure to deal with the impact of this black swan. The news pointed out that CME did not give a date for when the trading hall can be reopened.

The news further pointed out that even if the trading hall is physically closed, electronic platform quotations can be fully realized, and all CME products will continue to be traded on the online platform CME-Globex.

That night, less than six minutes after the opening of the North Magnesium Stock Market, it plummeted by -7.2%, triggering the first-level circuit breaker again, and trading was suspended for 15 minutes. The three major stock indexes of North Magnesium have thus entered a technical bear market stage.

Today, the entire market staged a "Black Thursday". The news that the magnesium stock market triggered the fifth circuit breaker in history quickly spread around the world and once again made the front page headlines of major media.

Countless investors in China are destined to have another sleepless night. At this moment, major stock forums and communication groups are forwarding and discussing.

[Crazy, the market is crazy. ]

[Witness history again! ]

[Buffett has witnessed five magnesium stock circuit breakers in his lifetime, and I have witnessed four of them, so I have 80% of Buffett's experience... (manually funny)]

[Buy watermelons and prepare benches, waiting for the mysterious forces to enter the market to add insult to injury. Every new overlord relies on the flesh and blood of the old overlord to rise to power. ]

[The most feared thing is that after the fall on the 12th, it will continue to fall on the 13th. Then it will fall again on the 15th, and then it will fall again on the 16th. If it keeps falling, it will be a disaster! ]

[It has been 27 years since the first circuit breaker in the history of magnesium stocks, but it has only been three days since the last circuit breaker... (covering face.jpg)]

[The current market is really a mess. ]

[Everyone is crazy, it's all over. ]

[If you meet a madman in real life, your instinctive reaction is to stay away. Facing a crazy market, the best choice is of course to stay away. ]

[No, why did gold also plummet? The gold index is almost down 5 points. What's going on? Gold is a recognized safe-haven asset, why did it plummet along with the market? Shouldn't it soar 5 points at this time? ]

[Cash is king at the moment, don't buy anything and wait and see. This may explain the reason for the decline of gold in some ways. Some people think cash is safer than gold. ]

[Those who have been shorting since the beginning of the year are undoubtedly happy now. They are currently ahead of the S\u0026P by +23.2%. They can easily outperform the market without doing anything. It is really enviable... (tears and laughter.jpg)]

[I dare to ask where the road is, it makes people panic. ]

[Big A is in danger, K saves quickly! ]

……

At this moment, as magnesium stocks triggered a circuit breaker and suspended trading for 15 minutes, after resuming trading, in order to cope with the leverage storm that froze the Treasury and repurchase markets, the Magnesium Federal Reserve announced during the trading session that it would inject $1.5 trillion of liquidity into the financial system.

The time when the news came out was around 00:50 in the morning in the domestic time zone. At this time, the three major magnesium stock indexes began to rise violently for a full 15 minutes. The Dow Jones Index rebounded 6 percentage points, all the way from -9.32% to around -3%.

However, the announcement of the injection of $1.5 trillion in liquidity only lasted for 15 minutes.

Then the market plunged again, and the decline was even greater.

As of the close, the Dow Jones Index plummeted -9.99%, which was a limit down for the A-share market. The Dow Jones Index hit a point drop of 2352.6 points in a single day, directly breaking the 2008 record and setting the largest single-day decline since the first magnesium stock circuit breaker in 1987.

...(End of this chapter)