My Fintech Empire

The news of the magnesium stock market's circuit breaker directly became the hottest news on the Internet on March 9, and was on the front page of major media. It was transmitted back to China that night. Major stock bars and stock exchange groups were forwarding and discussing this news.

This is the fourth circuit breaker in the history of magnesium stocks. It has happened three times before, one in 1987 and two in 2013.

In particular, the two circuit breakers in 2013 were to hunt for the diving funds of the Star Group in the overseas market, but the result was a shocking reversal, and the Stars hunted back and suffered heavy losses.

The harvest failed, but the Stars made a lot of money.

Today is the fourth circuit breaker in the history of magnesium stocks, and countless people who eat melons are shouting that they are going to witness history again.

Eating melons is one aspect, but at the same time, the panic in the capital market has quickly spread from the northern magnesium stock market to the world, and investors on the A side and those who currently hold chips in the market are also trembling.

Today, during the day, the A-share market has already plummeted. The Xinzheng 50 Index plummeted by -4.73%. In the evening, the US stock market directly broke down. Now many people dare not look at the opening of the A-share market tomorrow.

Global stock markets are all experiencing a bloody collapse today, not only the North American stock market, but also the European stock market. The British FTSE 100 plummeted by -8.26%, the German DAX30 plummeted by -8.22%, and the French CAC40 plummeted by -8.26%.

Today, there are all kinds of collapses, including the European stock market, the Middle East stock market, and the Asia-Pacific stock market.

Among the major stock markets in the world, the A-share market is relatively resistant to declines. Today, the Xinzheng 50 Index, which fell the most among the three major A-share indexes, did not exceed 5 percentage points. Although it is also tragic, it is also a fact that it is relatively resistant to declines.

At present, people are most concerned about the black swan that has swept the world. From the current situation, Dongda has gradually become independent and is the least affected in the world, so it can sit on the Diaoyutai.

What people are most concerned about now is the situation in Amei Lika. Amei is currently facing two major problems. One is that if it is not tested, it will not be found out. If it is not found out, it is equivalent to nothing, which is simply outrageous. The other is that the cost is too high and ordinary people cannot afford it.

The price is too high. The general public in Amei cannot afford it at all, except for a few who have bought high-value insurance. Most people choose to give up because they cannot afford the cost. This is undoubtedly a disaster and will spread to the entire northern magnesium.

This is also what the capital market is worried about. The unpredictability factors in the future have soared sharply.

…

After a night of shock in the peripheral market, the time came to Tuesday, March 10.

The hundreds of millions of stockholders of the A-share market opened the market software with trepidation.

The opening price of the SGX market, which opened first, came out. The bidding lost the 6,300-point mark and opened at an opening price of 6,218.63 points, a gap down of -1.51%, which is another large gap.

The annual line directly turned from red to green and broke the new low of the year.

However, compared with the expectations of the majority of investors before the market, the opening price of the SGX 50 Index actually greatly exceeded many people's expectations. Most investors thought that today's opening price would definitely be above -3%, and it was not impossible to open at -4% or even -5%.

As a result, the auction opened at -1.51%, and the strong resilience of the SGX market was beyond many people's expectations.

Soon someone came out to interpret the market. From a fundamental point of view, the performance of the domestic market was the best in this super black swan, and the investment risk of the Eastern giant in the short term was far less than that of other markets.

In an environment full of huge uncertainties, the certainty of the Eastern giant was relatively the highest, so the good performance of the stock market was reasonable.

At 9 o'clock, the SGX market officially opened for continuous bidding, and the SGX 50 Index went straight out of the barefoot yang, opened low and went high, and in just two minutes, it exploded straight, quickly jumped above the red plate area, and rushed up by more than 1 percentage point.

This trend made countless people neither guess the beginning nor the process.

But just when everyone thought that the A-share market was going to move out of an independent trend, in just three minutes, the time-sharing line of the New Certificate 50 Index plunged straight down and turned green. It fell again to -1.13% about 20 minutes after the opening, and then rebounded to the red zone, but did not break through the early high point, and then weakened and fell again.

This roller coaster trend made many short-term traders scalp numb, with a sense of déjà vu of one second in heaven and one second in hell.

The Shanghai and Shenzhen stock markets next door thought that the New Certificate 50 Index quickly rose in the early trading, could stabilize and continue to rebound upward, so that the opening of the Shanghai and Shenzhen stock markets would also be boosted emotionally. As a result, it became weaker and weaker when it was close to the opening of the next door, causing the Shanghai and Shenzhen stock markets to open directly at a deep low.

As time went on, at around 10:31, the New Certificate 50 Index, which had been fluctuating downward all the way, fell below the opening price, and then accelerated downward diving.

Major market software push messages:

[Xinzheng 50 Index fell below 6200 points, with a drop of more than 2 percentage points]

When it fell below the opening price and hit a new intraday low, the volume began to increase significantly, and the bearish sentiment increased significantly, directly expanding the decline to 2 percentage points, and panic began to increase.

…

At the same time, Fang Hong, who was sitting in front of the computer, had logged into his personal Weibo account and quickly edited a blog post and posted it:

【At present, we are discussing the large-scale repurchase and cancellation of stocks of listed companies in the Qunxing Group. After years of development, these listed companies have achieved outstanding achievements, created gratifying performance, and accumulated a large amount of cash reserves.

How to deal with this cash is also a headache. The amount of depreciation is astronomical.

The heads of several star-level companies came to me for advice. My suggestion is to repurchase stocks, and of course the repurchased stocks must also be cancelled.

Now, we have basically reached a consensus internally to repurchase and cancel stocks, but the specific repurchase amount has not yet reached a specific consensus, but there should be results soon. 】

Fang Hong updated this Weibo, and it was immediately forwarded by countless people and circulated wildly in major stock forums and communication groups.

At 10:39, Cailianshe Telecom pushed a quick news:

【Fang Hong: The main listed companies under the Qunxing Group have confirmed that they will launch a large-scale stock repurchase plan. 】

As soon as the news came out, the SGX 50 Index dropped to 6187.51 points and then began an epic short squeeze. Confidence seemed to be back in an instant. Some of the funds that had been sold at a loss "admitted their mistakes" and chased to buy them back.

There are currently more than 300 listed companies in the SGX market that are subsidiaries of the Qunxing Group. They are now being strongly sought after by funds, especially those star-level listed companies, which are being bought up by funds.

Because those star-level listed companies are strong and have a lot of cash flow, they must have more funds to repurchase stocks.

In short, Fang Hong's sudden Weibo post is a real and heavy positive news. It has been very clear that a large-scale stock repurchase plan will be launched, and the repurchase will be cancelled. This is definitely a real and heavy positive for the market.

…