My Fintech Empire

When the SGX 50 Index jumped to the zero axis and turned up, investors in the A-share market seemed to be relieved, and at the same time they were also praising the strong resilience of the SGX 50 Index. It was rare to be able to turn up in the red market under the situation of panic in the periphery.

Investors directly called the SGX market and the SGX 50 Index the light of hope for the current global market.

But at around 11:10 in the morning, a piece of news surprised investors from all walks of life. Under the background of all major central banks in the world following the Federal Reserve to cut interest rates, Dongda was unexpectedly calm.

Major market software push news:

[Cailianshe Telecom: Yanghang conducted a 100 billion yuan medium-term lending facility (MLF), with an operating interest rate of 3.15%, the same as before. 】

Market participants generally predicted that interest rates would be cut, but there was no cut, just a little "spicy powder", which was greatly unexpected, and the stock market responded by falling back, which seemed to be less than expected.

The three major indexes weakened again. The Xinzheng 50 Index turned red and rose +0.37%, then turned green and fell again. Judging from the market trend, it did not have much impact.

However, something worse happened soon after.

The external market received a huge negative news of the collapse of the sky. The North Magnesium Dow Jones Index Futures and the S\u0026P 500 Index Futures both plummeted and circuit-breakers were triggered again. Magnesium stocks were directly cold tonight, which was equivalent to locking in the sixth major circuit breaker in the history of magnesium stocks in advance.

All major capital markets in the world were not spared in the opening, and all were brought down.

The A-share market was also unable to escape the impact. The Xinzheng 50 Index could not hold up. It showed a unilateral shock and sell-off trend throughout the afternoon. If it were not for the increase in holdings of the trillion-yuan stabilization fund and the repurchase of major listed subsidiaries of the Qunxing Star System, the time-sharing line would have been a diving explosion.

The two neighboring cities do not have stabilization funds or strong stock repurchases like the listed companies in the star system. The Shanghai Stock Exchange Index time-sharing line is just lying flat on the spot without struggling, while the peripheral Asia-Pacific stock markets are directly collapsing.

The New Securities 50 Index fell all the way in the afternoon, and the 6,000-point mark was easily broken, and then broke through 5,900 points, 5,800 points, and 5,700 points, until the lowest point fell to 5,761.47 points at the end of the trading day, breaking through the lowest point of 5,851.98 points last Friday, and reaching a new low for the year.

It can't be stopped, it can't be stopped at all.

Those who bought the bottom when the New Securities 50 Index fell to around 6,000 points in the morning were also dumbfounded. They never expected that it would break the new low of the year again, and directly fell back to the 5,700-point line, completely reversing the false positive line last Friday, the kind of downward reversal.

The major listed companies in the star system bought lower chips with tears and repurchased their own company's stocks. The repurchase funds were not extra, but a lot of stocks were bought.

Now everyone is more convinced that it is the end of the world. From the initial expectation to the established fact, the rescue move of the magnesium fed directly saved the global stock market from a crash.

The three major stock index futures of northern magnesium have been circuit-breakers, and the coffin lid has been welded shut. It is a foregone conclusion that magnesium stocks will witness the sixth major circuit breaker in history tonight. Witnessing three circuit breakers in a month, it refreshed the historical record of two circuit breakers in a month in 2013.

Some short-sellers have prepared melon seeds and benches, waiting to witness history at 9:30 pm.

At 15:00 pm, the three major A-share indices all plummeted. The Xinzheng 50 Index plummeted -5.72% to close at 5794.98 points; the Shanghai Composite Index plummeted -3.40% to close at 2789.25 points, and the Shenzhen Component Index plummeted -5.34% to close at 10253.28 points.

The three major trading markets had a total transaction volume of 2232.8 billion, of which the SGX market had 1269.5 billion, which was about 100 billion less than last Friday.

The reduction in volume is also normal. In this situation, apart from the stabilization fund and the repurchase funds of the listed companies of the star system, no fund dared to take over.

Moreover, the repurchase plan of the listed companies of the star system was originally a major positive thing, but now investors' views have reversed. They no longer think it is a positive thing, but a negative thing.

Isn't it because the magnesium fed's all-in operation that made the market form the expectation that it will be finished next.

In this case, cash is king has become an iron consensus. The more cash reserves, the higher the risk resistance, and the more chances to survive this crisis. And your companies are still frantically consuming cash reserves on a large scale to repurchase stocks, which is equivalent to weakening their own risk resistance.

Now that you have squandered all your money, if something unexpected happens later, where can you get financing for you when you are short of money? Who dares to finance you? Even if you want to finance you, everyone has lost everything.

After today, the large-scale stock repurchase and cancellation plan of the listed companies of the Qunxing Group has turned from a positive to a negative. On the contrary, the more repurchases are made, the more severe the decline will be.

However, no matter how the market interprets it, this will not affect Fang Hong's established repurchase plan.

It is certain that there will be a decline even if there is a repurchase in the next period of time, but it is also certain that the repurchase will be carried out according to the plan, because if there is no repurchase, the decline will only be worse. At that time, the New Certificate 50 Index will definitely not be able to hold 5,000 points, which Fang Hong absolutely cannot accept.

His biggest bottom line is the 5,000-point mark. Even if there is a big loss, even if the Qunxing Group has not yet used its leverage capacity, it must be used to withstand this mark.

…

Soon after the A-share market closed, the attention of all parties in the market was focused on the European and American three fools who were about to open.

As expected, the European and American three fools also collapsed, and the opening showed a cliff-like dive to a new low. The British FTSE 100 index plummeted -10.03%, a new low in ten years; the German DAX30 index plummeted -10.68%, a new low in seven years; the French CAC40 index plummeted -11.72%, also a new low in seven years.

After 9:30 in the evening, the magnesium stock market opened, and it was indeed a plummet without any surprises. After the opening, the plummeted -7% triggered the circuit breaker mechanism, and the Dow Jones fell nearly 3,000 points, setting the largest single-day point drop in history.

At the close of the night, the Dow Jones Industrial Average fell 2,997 points, or -12.9%, to 20,188.52 points, the largest single-day drop since 1987. The S\u0026P 500 fell -12% to 2,386.13 points; the Nasdaq fell -12.3% to 6,904.59 points, the worst day in history.

Global investors once again witnessed history. Today, major markets around the world took turns to stage "Black Monday", which was so tragic that it was hard to describe. European stock markets fell across the board, magnesium stocks were circuit-breakers, Canada's stock market was circuit-breakers, Brazil's stock market was circuit-breakers, and South Africa had the largest drop in history...

Major stock forums and exchange groups in China are being followed by countless people, and even people who don't trade stocks have joined the ranks of the hot discussion army, because the news of magnesium stocks circuit-breakers has once again made global headlines.

[Wow, three circuit breakers in a month, right? ]

[Many people wake up and are surprised to find that the investment with the highest return in recent times is actually... Yu'e Bao! ]

[Magnesium stocks have only been circuit-breakered six times in history, and the last time seems as impressive as a few days ago... (manually funny)]

[The last time, the last time, and the last time seem to be still in front of my eyes. ]

[A few days ago, I said that I could witness circuit breakers with Buffett twice a week, and now my brother has come for the third time. Magnesium also believes that misfortunes never come alone... (sideways smile.jpg)]

[We have witnessed history again. The last time we witnessed history seemed to be four days ago. ]

[Circuit breakers are fun for a while, and they are fun all the time. ]

[Congratulations to the majority of retail investors, who have witnessed magnesium stocks circuit breakers only once less than Buffett, and will be close to Buffett in the future. ]

[On the weekend of March 15, the magnesium fed said to magnesium stocks: Dalang should take medicine, the last bowl. Dalang, dead. ]

……

(Ps: I have to say this, while I was typing, the 225 index plummeted by -12.4% today, and the Nasdaq futures also plummeted by nearly -6 points. Could it be that magnesium stocks will fall again tonight...?)