Chapter 318 Stock Market Crash, Crash (Hiding the Sky for the Leader 2)
Chapter 318 Stock Market Disaster, Crash (Additional update 2 for the leader of the alliance)
Author: Ru Meng Ru Hua
Chapter 318 Stock Market Disaster, Crash (Additional update 2 for the leader of the alliance)
"That's a good idea, but where can we go to play now that it's hot?" Zhang Yiru thought for a while and said, as for asking for leave, there is no problem at all.
When it comes to traveling, what woman can refuse? Zhang Yiru had already planned where to go on her honeymoon, but Gu Junhao had been busy with work and it was hard to mention it.
"It's okay. It's not particularly hot in June now. We can just go a little further north."
"How about going abroad? One month is enough for us to visit several countries, right?" Zhang Yiru said excitedly.
Gu Junhao was a little hesitant. It was really good to be able to go abroad for a month, but after thinking about it, he said: "Next time, this time is a bit inappropriate."
In the coming stock market crash, people have just cleared their positions and gone abroad. This may cause bad associations among leeks. You can cut leeks no matter how you cut them. That is your ability, but you cannot get involved in this.
Naturally, traveling is not that fast. There are naturally a lot of things to prepare before, and the company's affairs also need to be arranged. Fortunately, the company's business is still relatively simple at present, and maintaining normal operations does not require Gu Junhao to expend much energy.
On Monday, June 15, the third day after A-shares entered the 5178 point and the first trading day, both Shanghai and Shenzhen stock markets opened higher and lower, fluctuated lower throughout the day, and finally fell sharply.
With a turnover of nearly 2 trillion yuan in the two cities, the Shanghai Stock Exchange Index finally fell by 2% and fell to 5100 points, while the ChiNext Index fell by 5.22% and fell to 3700 points again.
Except for a few sectors such as steel, which maintained gains throughout the day, the rest ended with sharp falls. More than 100 stocks in the two cities fell by their limit, among which small and medium-sized stocks suffered the largest decline.
Dongfang Fortune, Tonghuashun, Yinzhijie, etc. all reported falling to the limit. After the market closed, Dongfang Fortune's Dragon and Tiger list showed that institutions and hot money were fleeing one after another. The Shanghai Stock Exchange helped two companies, including Liyang Road, cut off more than 700 million yuan.
Since July 2014, after seven years of steep decline, A-share valuations have entered the historical bottom area and begun to rebound.
After an initial relatively mild rebound, driven by leveraged funds on and off the market, A-shares have embarked on a crazy leveraged bull market since this year.
Within two years, the Shanghai Composite Index has risen from the lowest level of 1,849 points to the current level of 5,178 points.
The ChiNext Index even rose from the lowest level of 585 points to 4,000 points, which is even worse than the craziness of the Shanghai Composite Index.
Along with the crazy rise of indexes and individual stocks, the increase in trading volume is the leverage of huge amounts both on and off the market.
In today's A-share market, it is no longer surprising that leverage ratios are often four or five times.
Some illegal over-the-counter fund allocations are so crazy that they completely ignore the risks. Even retail investors with only tens of thousands or even ten or twenty thousand yuan in capital can participate in the fund allocation.
It is not uncommon for the allocation amount to be ten times or even more than ten times.
With the leverage ratio remaining high, A-shares are like a powder keg that may explode at any time. Deleveraging is now imperative.
After today's sharp drop, the market even heard rumors that the China Securities Regulatory Commission would require major securities firms to clean up OTC allocations.
There are even rumors that the regulatory authorities have sent people to the offices of securities companies and ordered that OTC funds must be removed within the same day. If they are not removed, they will not leave.
Suddenly, the already plummeting market was in a state of panic, and the funds on the market were like frightened birds.
Obviously, today's sharp drop was caused by the early leakage of this news.
As the two leading companies in Internet finance, Dongfang Fortune and Tonghuashun can be said to be the focus of this round of deleveraging. In my impression, Tonghuashun has also been investigated by regulatory authorities for this.
Due to capital allocation and suspected violation of the Securities and Futures Law, Tong Huashun was even warned of the risk of suspending listing, which triggered a continuous drop in the limit.
Affected by this news, the three major indexes of the Shanghai and Shenzhen Stock Exchanges fell sharply again on Tuesday. The Shanghai Composite Index fell 3.47%. The stock index broke through 5000 and 4900 points in a row and reported at 4887.43 points.
In two trading days, the Shanghai Composite Index fell by nearly 280 points, and the ChiNext Index did not fare much better. After yesterday's plunge, it fell again by 2.85% today.
Zhongguo CRRC recorded another lower limit today. The stock price gradually fell along the daily and 5-day moving average. It has reached the price of 21.85 yuan, down 45% from the high point.
However, for now, although CRRC continues to plummet, its popularity remains the same as in April and May.
On the premise that retail investors are not aware of the stock market crash, they will still buy dips or cover their positions without hesitation out of trust in state-owned enterprises.
Even with such a sharp drop, CRRC is still one of the hottest stocks in the market.
In its stock trading comment area, there is a new comment every three seconds during the peak period, without stopping all night long.
After the stock price fell by 30%, countless investors wanted to buy the bottom, not to mention that it is now close to halving, and everyone is looking forward to a rebound after buying the bottom.
As for the stock market crash, for now, the management may not be aware of it, let alone the ill-informed retail investors.
Before his rebirth, Gu Junhao knew that there were still people who had won the lottery, and the initial buying position was in 2015.
It has been seven or eight years since I bought it.
On Wednesday, after two consecutive days of sharp declines, the Shanghai and Shenzhen stock markets rebounded at double the 20-day line. The Shanghai Stock Exchange Index rose 1.65%, and the ChiNext Index rose 4.2%.
The three major indexes rebounded on the 20-day line. The sharp decline in the previous two days was immediately interpreted by the market as a normal adjustment. Many traders shouted that this was a swing gold pit and called on retail investors to enter the market as soon as possible.
The media and traders have called the recent squat as necessary preparations for a short-term breakthrough of 5,500 points, and the bullish trend is still maintained.
During this period, the most famous person on social media was a certain Da Xiao, whose crazy bullishness attracted abuse from countless investors.
However, this is not the case. It will fall as it should.
The market, still under deleveraging, plunged again this Thursday, with the Shanghai Composite Index plunging another 3.67% and the GEM Index plunging 6.33%.
The three major indexes all returned all yesterday's gains with a big negative line. For investors, it was another Black Thursday.
On Friday, June 19, the last trading day of the week, the market looked even uglier.
The three major indexes that fell sharply yesterday all gapped down and opened sharply again today, with the Shanghai Composite Index gapping down by more than 95 points at the opening.
This is no longer a normal adjustment. A downward gap after a continuous sharp decline from high levels is like a guillotine, and the trend is naturally not much better. In his previous life, Gu Junhao also directly cleared all stocks on this day.
Gu Junhao's usual style is to jump high and leave directly. Even if he makes a mistake, he must first ensure his absolute safety.
At the end of the day, the Shanghai Stock Exchange Index fell 6.42%, which was close to the 6.5% drop on May 28. However, the index was no longer as good as before.
After a week of 13.32% decline, the Shanghai Composite Index has fallen from above 5100 points to below 4500 points, closing at 4478.36 points.
The GEM Index fell 14.99% in a week, and the index closed at 3314.98 points.
Since tomorrow is the Dragon Boat Festival, after the three-day holiday, next week will open on June 23.
After today’s trading, the media and investors all dubbed this year’s Dragon Boat Festival the “Dragon Boat Festival.”
"In 278 BC, XX used four times leverage to buy Chu State's stocks. After experiencing three days of sharp declines within four trading days, he was very desperate and threw himself into the river; in order to alert future generations, people used green
Red pork is wrapped in rice dumpling leaves and tied with a rope to express the meaning of being trapped inside the yin and yang."
After today's trading, jokers appeared one after another, and jokes about stocks emerged one after another.
The fact that they are still indulged in ridicule also shows that most retail investors are still unaware of the risks.
When you are really scared, you are not in the mood to make up all kinds of jokes.
This week's private equity fund ranking list is terrible. More than 95% of major funds, including public funds, have plummeted, while the net value of Junshi No. 2 fund remains unchanged.
All traders are on holiday. Today's net worth was announced by Li Xinyu. Anyway, there is no change. Just refresh it. He will also announce it on his behalf several times in the future.
At this time, both peers and retail investors were very envious of the performance of Junshi No. 2, which perfectly avoided the crash.
"I'm envious. Brother T has perfectly escaped this week's sharp decline. I don't know when he will come back to buy the bottom."
"Copying the bottom? Why are you buying the bottom? All traders are on holiday."
"It's not just that. It is said that Brother T himself has not shown up at the company for a week. He said that he went on his honeymoon and will not be back to buy lows in a short time."
"Is what you said upstairs true? Brother T has fallen so much in a week and he doesn't even plan to buy the bottom, and he went on his honeymoon? Where did you get the news?"
"It shouldn't be fake. I'm a local from Beicang, and I have a relative who works at Junshi Capital. According to what he said, the company is currently very busy, and everyone is playing games and fishing. Brother T hasn't been here for a week."
"Ask your relatives, does Junshi Capital still have a shortage of people? Sweeping the floors is fine, I really love work!"
"Me too, I have no other intention, I just want to experience the working atmosphere of a private equity institution."
"The honeymoon is not bad. If I don't tell you, I almost forget that Brother T just got married, and he's only 24 years old!"
——
When the market was experiencing a slump, Gu Junhao and Zhang Yiru had already embarked on a journey to visit the great rivers and mountains of the motherland; however, Gu Junhao would still take some time every day to pay attention to the stock market and the news on and off the market.
After returning to the hotel in the evening, I would also check my emails and briefly handle company affairs, but I didn't completely ignore them.
After the Dragon Boat Festival holiday, the A-share market opened again on Tuesday, June 23. Two days after the holiday, the Shanghai Stock Index rebounded slightly from the 60-day line, and this rebound lasted for two days.
After two days of rebound, the talk of gold pit has naturally returned to the surface.
On Thursday, June 25, the Shanghai Stock Exchange Index once again faced pressure at 4,700 points when it rebounded to the daily and fifth-day line. The index fell again by 3.46% that day, retesting the 60-day line lifeline.
June 26, another Friday, was another double downward gap, very similar to last week.
The Shanghai and Shenzhen stock markets experienced heavy losses again today, with the Shanghai Composite Index plunging 7.4%, the Shenzhen Component Index plunging 8.24%, and the ChiNext Index plunging 8.91%.
More than 2,000 stocks in the two cities fell to their daily limits, and more than 300 public funds showed a decline of more than 8% after the market closed. It can be said that no investor who participated in the transaction today was spared.
Since June 15, a series of consecutive plummets caused by leverage forced the central bank to urgently announce interest rate cuts and reserve requirement ratios on the evening of the 26th, and the God of Wealth even proposed ways to introduce pension plans into the market.
The China Securities Regulatory Commission also urgently revised the liquidation line. Under this round of plummeting, not only ordinary shareholders have had numerous liquidated positions, but also major shareholders and even controlling shareholders of many listed companies are close to liquidating their positions or have already liquidated their positions.
As for those who are speculating in stocks recently, the word that is mentioned most often is liquidation.
What’s even more interesting is that when the evening news station explained the central bank’s policy, there were even subtitles below: “Once you escape the fire, do not return to the fire.”
This news screenshot was once widely circulated on the Internet and was regarded as a warning to stock investors.
The second update is here, please give me your monthly pass^_^