My Fintech Empire

Wednesday, July 15.

Today's market was like a roller coaster. The SGX 50 Index opened high in the morning and then fluctuated downward. It rebounded in the afternoon and broke through the high before the morning, but plunged again in the last hour of the closing.

On the market, financial stocks such as securities companies rushed up and then plunged, technology stocks fell across the board, individual stocks generally pulled back, 115 stocks hit the daily limit, the rate of breaking the limit soared, and the market atmosphere deteriorated.

The SGX 50 Index finally closed down -1.49% after the market, at 7182.94 points. The turnover of the three major trading markets all shrank, but it still exceeded 3 trillion for 8 consecutive trading days.

The reason for the plunge in the closing was very direct. The SGX revealed a recent meeting minutes.

The head of SGX clearly pointed out at the meeting: "The key to financial risk prevention is still deleveraging. The source of financial risks lies in high leverage. Deleveraging is still the top priority. For illegal funds entering the market, we must resolutely implement the principle of 'strike at the first sign of trouble'."

When all the illegal leveraged funds saw the news, they did not dare to have too much luck and began to withdraw at an accelerated pace.

Obviously, everyone understood the subtext of the SGX management, that is, withdraw quickly, don't hesitate, if you don't withdraw and are greedy, I will strike hard!

According to the disclosed information, everyone noticed that the meeting was held on the afternoon of July 6, which happened to be the day when the SGX 50 Index soared to a record high. The market soared by nearly 7 percentage points that day, and it was also the first time that the A-share market had a volume of 3 trillion yuan.

Today is July 15, and it has been almost 10 days. Releasing the minutes of the meeting at this time is to tell all players in the market that the SGX market has clearly grasped the trend of illegal leveraged funds entering the market and can make precise moves at any time.

Funds from all walks of life will not doubt this. The SGX market does not care who the funds belong to, what their identity is, and what their composition is. It only needs to find out whether the funds are leveraged and illegal funds, which makes the difficulty much lower.

After seeing the news, most of those who secretly leveraged funds accelerated their withdrawal. No one wanted to repeat the mistakes of those unlucky people last year.

Affected by this news, the next day, Thursday, July 16, opened low and fell all the way. The index fell unilaterally throughout the day, and leveraged funds were scattered. The Shanghai and Shenzhen stock markets next door also fell unilaterally after opening.

The theme concepts weakened across the board, and the heavyweight stocks fell across the board. The liquor stocks in the next market fell to the limit, and the brokerage stocks also fell sharply in the late trading. More than 200 stocks in the three major trading markets fell to the limit, and the market atmosphere was extremely bad.

The Xinzheng 50 Index lost the 7,000-point mark, breaking through the 7,100-point, 7,000-point and 6,900-point marks all the way, and fell to a minimum of 6,850.75 points.

In terms of individual stocks, China National Nuclear Shipbuilding, as a very popular leader in this round, has experienced three consecutive declines. Today, it has also hit its first limit down since its listing. The stock price has fallen back to 19.04 yuan, a cumulative decline of more than 20 percentage points compared with the highest price of 23.97 yuan, and the market value has fallen back to 628.32 billion yuan.

As of the close, the Xinzheng 50 Index fell -4.36% to 6,869.68 points. The Shanghai Composite Index fell more than -4%, and the Shenzhen Component Index fell more than -5%. The turnover of the three major trading markets exceeded 3 trillion for the ninth consecutive trading day. Today's trading volume has increased by more than 140 billion compared with the previous trading day, which is a real large-scale decline.

Today's trend has indeed caused a lot of panic. This is the largest decline since March.

On the last trading day of this week, the SGX 50 Index fluctuated widely throughout the day. The index flipped up and down several times during the day, like a roller coaster. The highest point during the day was 6900 points, and it almost lost the 6800 point mark.

However, the closing price barely ended in the red. The SGX 50 Index finally walked out of the cross star K line, slightly up +0.02%, and closed at 6871.27 points. The three major stock indexes rose and fell, and the trading volume finally shrank to less than 3 trillion. The SGX market shrank significantly today, with a total turnover of 1.15 trillion.

The biggest reason for the lack of a further sharp drop was the result of the massive entry of funds from the third phase of the wealth fund. Otherwise, even with the inertial selling momentum today, it would have to fall by 2 percentage points to close.

The ups and downs in the market are also due to the fact that leveraged funds and profit funds are selling, while the third phase of the Fortune Fund is buying. The market is reflected in the plunge and sell-off, and then it rises again soon after, and then it is hit by the selling pressure, and then it is pushed up by the funds, and so on.

On the weekend, the news of the entry of the third phase of the Fortune Fund spread, which attracted great attention. Now everyone started to say that the negative line of the big drop the day before yesterday was reversed to receive the funds of the third phase.

The panic that just appeared was immediately removed, and they began to shout that they wanted to work hard with the super main force.

So after the weekend, on Monday, July 20, the New Certificate 50 Index rose sharply and showed a strong rebound. After the opening, it showed a trend of fluctuating and rising throughout the day, directly reversed the big negative line last Thursday, and also filled the downward gap.

The Shanghai and Shenzhen stock markets next door also rose sharply, rebounding from a short-term oversold trend, especially the big financial concepts rose collectively, and the securities sector rose by more than 7 percentage points during the session.

The New Securities 50 Index closed up +4.07% at 7151.08 points, recovering 6900 points, 7000 points and 7100 points in one breath within the day.

However, today's A-share market has not returned to the 3 trillion level of trading volume. The SGX market rose sharply by 4 percentage points today, and the total trading volume for the whole day was 1.22 trillion. If this was last week, it would definitely be 14,000. A turnover of 100 million can start.

With such a large positive line, the trading volume is actually not as good as last week, which is both unexpected and reasonable.

The reason is very simple. Leveraged funds have not entered the market, but are still withdrawing. Otherwise, the transaction size of the SGX market today would have reached 1.5 trillion.

After a big positive line reversed, in the next few days, the market became relatively "calm", but trading activity was still very high, and the third phase of Wealth Fund funds was also entering the market in an orderly manner as planned.

…

"Yue Houhou seems to be doubting life." At this time, Fang Hong was reading a piece of news that had just come out. In fact, he had received inside information the day before yesterday and knew that Yue Houhou had already admitted his mistake.

During the period when the A-share market was booming, other external things were also changing rapidly.

During this period, Ah Mei's inflationary pressure was increasing day by day, and Bengbu was about to be shut down. However, the Yue monkey group was in a miserable state. Over there, the Funan Canal was being excavated in full swing, and here there was a power outage.

The key is that this has made Ah Mei’s inflation worse. Due to the power outage, many bosses directly gave the company a holiday and waited for the power to be restored before resuming work, which in turn triggered a chain reaction.

Dongda’s products entered the Northern Magnesium market through the hands of Yuehouhou, especially after the price increase at the export end. Ahmei was too stubborn not to go directly to Dongda to purchase goods, but privately went to Yuehouhou’s house to purchase goods. He knew how to understand, but he also saw through it. Don't tell me.

But as soon as the power was cut off in Yuehou, the goods transported from here to Ah Mei also dropped, and the chain reaction further accelerated the inflationary pressure on Ah Mei.

Ah Mei, who lives in Bengbu, used his backhand to increase the strength of Yue Monkey. Facing Dongda was already difficult enough, but now Ah Mei didn’t even raise his hand and instead increased his strength. Yue Monkey’s direct attack made everyone stupid. On this earth Who can hold the power of being boosted by two gods at the same time...

The Yue Monkey repeatedly jumped sideways and tried to play both sides, and benefited from both sides. Now he found that he could not control the direction of things. Word.

There is no choice. In the current situation, Yue Monkey has no better choice except to skate to the east and kneel down.

Finally, Fang Hong closed the news page and thought to himself: "Calculating the time, it's time to meet and talk with Lao Mei's people."

…