My Fintech Empire

By around 10 o'clock, the trading volume of the SGX market had exceeded 1.7 trillion.

Everyone is stunned when they see this amount of energy. AI analysis on the market software predicts that today’s SGX market’s full-day turnover will be 4.2 trillion. Some AI analysis on the market software predicts that it will reach 5 trillion.

After all, there are individual investors in the SGX market with a single T+0. Theoretically, if a stockholder holding chips executes selling, buying, and then selling today, then the same 100,000 yuan of funds can generate 20 million turnover.

This is also the reason why the current full-day transaction size of the SGX market starts at 1.5 trillion, and can reach 1.8 trillion with a small amount, and can easily reach 2 trillion with a large amount.

And now that people are losing their minds and bursting with emotions, it is not impossible for the SGX market to blast out 5 trillion yuan of energy.

But something unexpected happened. At about 10:11, the trading volume of the entire market suddenly shrank from a cliff, or even completely stopped.

"What the hell? What's going on? Why can't the order be withdrawn? Why can't it be sold? Why can't the transaction be completed?" A retail investor was stunned. He tried several times but it didn't work. Then he yelled in anger.

Not only this retail investor, but thousands of investors at this moment find themselves unable to trade normally.

Sell ​​orders could not be filled, buy orders showed pending declaration, and some investors simply had their accounts forcibly withdrawn.

Major stock forums and communication groups were exploding at the moment. Investors were discussing with each other, and only then did they realize that everyone's accounts had collapsed.

Soon, there was a news push on the news page. After about 10 o'clock, all major brokerage firms experienced downtime, resulting in the inability to trade normally.

The trading system of the SGX market was not affected, and the SGX 50 index still firmly sealed the price limit.

But the brokerage collapsed.

The time-sharing trend of the market in the two neighboring cities has also become very strange, going straight flat, but it is not the daily limit, and occasionally there is some trading volume.

At this moment, the trading volume of the three major A-share trading markets collectively dropped by more than 90%, including the SGX market, where the trading volume suddenly dropped sharply.

There is no problem on the SGX side. The trading system is always running normally, and orders can be executed as long as they are reported.

But the problem now is that the brokerage is down, resulting in no orders being entered into the SGX trading system. People can't sell or buy. Once orders are placed, they can't be withdrawn, and funds are stuck there.

Countless stock investors are scolding the market for picking up money, but their own money is stuck there and cannot be sold or closed. Can you not be anxious?

When such an unexpected situation occurs, the short sellers are so anxious that they directly "unplug the network cable", but not for the SGX, because they have tried several times before to no avail. The stabilization fund and the SGX trading system are rock solid. .

But the short sellers still pulled out the network cable, targeting the two neighboring cities.

Because they also shorted in the two markets next door, but due to the violent short squeeze on the SGX market, the short sellers turned around and went to the two markets next door, and then shorted the two markets next door.

It's just not as strong as the SGX, but this kind of market sentiment is still enough to blow up the short sellers.

The Shanghai Composite Index exploded from over 2,700 points in four days to over 3,200 points now, a sharp increase of 500 points, which directly caused short sellers to lose money. If this continues, their positions will be liquidated.

As time goes by, all kinds of news are flying all over the place.

Around 12 o'clock, someone broke the news that the short seller had pulled out the network cable. I don't know whether it was true or not. It immediately became a hot topic in major forums and communication groups.

[Real or false? Did the short seller pull out the network cable? ]

[I heard a piece of news, I don’t know whether it is true or not. The army of short sellers inside and outside shorted the SGX last month. Do you remember the five consecutive murders? ]

[Of course I remember, it’s still fresh in my mind. ]

[SGX itself has no short-selling tools, but last month OTC transactions were wildly open. I heard that the scale of OTC transactions is calculated in “trillions”. If the SGX 50 index explodes, OTC The profits of short positions in trading are going to be huge, but in the recent four consecutive days of rising prices, short positions have been violently squeezed out, and they have already lost money. ]

[Where did the news come from? ]

[What the hell? So, the violent rise in the market during this period is to excite short sellers in over-the-counter transactions? ]

[Short sellers were liquidated yesterday, and today is even more tragic. Short sellers were liquidated on a large scale. I heard rumors that God K ordered to hunt down short sellers and directly destroy them. ]

[Niubi Niubi! Damn it, no wonder the NSE 50 index has soared so much. The top board is not giving you a chance to get on the bus, just to excite the short dogs! ]

[Short SGX? Who gave these empty dogs the confidence? Haha, you’re stupid, it’s a blast, it’s a blast! ]

[K Shenniu pen, yyds! I knew God K would take action! ]

[The battle between gods and immortals brings disaster to mortals. I suffered a huge loss. I cut my position at the bottom and lost all my positions. Fortunately, I got it back through bidding in the morning. ]

[Sure enough, something big happened. Let me just say, there is no such way of rising under normal circumstances. It completely deviates from the laws of the market and the laws of economics...]

[Pull out the short dogs and smash the heads of the short sellers! ! ! ]

…

As time went by, it was not until the last ten minutes of trading in the afternoon that the systems of major brokerages gradually resumed normal trading.

Without this unexpected incident, the trading volume of the SGX market today would definitely have exceeded 4 trillion, or even 5 trillion.

But after this incident, today's trading volume will definitely not exceed 5 trillion. Although normal trading has been allowed in the late trading, time is running out and it has not been fully restored.

Now there are all kinds of rumors flying around the market, some true and some false.

The brokerage said that today's trading was too hot and exceeded the peak of the system operation. Some brokerage practitioners even said that there are more than 1.4 million people queuing up to open accounts, which is quite exaggerated.

It is worth mentioning that the number of investors who have opened trading rights on the SGX has indeed increased sharply in the past two days.

As of the close, the SGX 50 Index closed with three consecutive index-level boards, and walked out of the bald and barefoot big positive line. Today, it soared +15.81%, setting a new record for the largest single-day increase in history, closing at 13285.10 points, and the SGX market's full-day turnover was 1904 billion.

The gap created by this K-line today is really going to the sky. From the graph, this K-line directly broke away from the left range and hung alone above.

During the four days of the surge, the stockholders who held the "big and small kings" Xingyu Technology and Matrix Quantum felt very uncomfortable.

These two super-weighted large-cap stocks announced suspension of trading in March, which made many stockholders who held the stocks feel that they had missed out on this super market. The outside world was going crazy, but it had nothing to do with them. They were locked inside and could only stare at others bending over to pick up money and make money. Don't mention how uncomfortable it was.

At this time, the stock forums of the two stocks are also very lively.

[It's really hard to hold on. I bought Matrix Quantum and Xingyu Technology with half of my full position. As a result, these stocks were suspended in such a big market. I watched you eat the 20cm daily limit every day. I missed the unprecedented bull market in history. I was dumbfounded. ]

[Hahaha, forgive me for my unkind smile. ]

[Brother, think about it the other way around. You held a full position of big and small kings. The suspension of these two stocks also allowed you to avoid the 5 consecutive Yin explosion at the end of April. If they were not suspended, I would ask myself if you could withstand such an explosion at that time? How many people can bear it? ]

[Uh... that's true. Anyway, I probably couldn't bear it in those five days. I might have been sold at 8331 points... (covering my face.jpg)]

[That's right. Eat and drink as you should. Don't think too much. And you can be happy secretly. Those who cleared their positions and missed the opportunity are now mad. Those who were sold at 8331 points are even more angry. ]

[That's right. The stock price has been soaring every day in the past few days. Although I didn't make a penny, I am relieved that my stocks are still there. There are still so many stocks and they are still in the car. ]

[Be patient and wait for the resumption of trading. There will definitely be a rebound at that time. I think it's not a big problem for you to get 40 or 50 points from the companies split by Xingyu Technology. The companies split by Matrix Quantum are generally expected to double. ]

[I also have a large position in Matrix Quantum. I am a little worried about what to do if the market adjusts when the stock price resumes? ]

[What are you thinking about? Regardless of whether the market adjusts or not, as long as the fundamentals remain unchanged, this kind of star-level stock will definitely rise after the resumption of trading. If the market adjusts, it will rise even more to protect the market. ]

[Although there are some uncertainties in the suspension of trading, there are also benefits. At least we have not been washed out, at least we have perfectly avoided the five consecutive negative explosions. I heard that the stock will resume trading in the second half of the year. Everyone should wait patiently for the great harvest in the golden autumn. ]

[We love in midsummer, you love in late autumn, we all have a bright future, and you are dizzy with the brightness... (Shiba Inu.JPG)]

[The one who missed the opportunity: I was dizzy with the red temperature. ]

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