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Chapter 518: Return to 3000 points 1

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    Just this weekend when Fu Yuntian and others were busy trying to find Zhong Shi's whereabouts, the entire market was not idle either. Various news was released frequently, and all parties were rushing to do their best to do their best to the stock market before the opening of Monday.  Influence.  ? ?Read a book? ?¡€1?k?aÊén?shu¡€ Internationally, the Dow Jones Industrial Index fell 50 points last Friday, a drop of nearly 4%.  The S&P 500 and Nasdaq Composite Index also experienced similar declines, and European stock markets generally fell by more than %. This past Friday, the decline in China's stock markets affected the performance of stock markets around the world.  Capital markets including Hong Kong, Taiwan and other regions have not been spared.  Unable to spend real money to save the market, the government only came up with a few good news to stimulate the market, including issuing pension fund investment management measures, accelerating advanced manufacturing and 3D printing, improving tax policies that are conducive to entrepreneurship, and  Implement policies such as differentiated credit support to support the entire market.  An unconfirmed private rumor is that the head of the government was said to have lost his temper at a work meeting, and was directly targeting the securities firms that were obstructing the second round of rescue fund-raising.  The leader also made harsh words, saying that these securities companies only care about their own life and death and do not care about the overall situation of the country. This behavior is not only selfish but also has no overall concept.  If they continue to act so recklessly, they will need to conduct a thorough investigation of their business operations to see if they have any possible illegal activities.  Naturally, there is no way to prove this.  But at least it shows that the stock market's decline has attracted high-level attention.  But on the other hand, it also confirmed a rumor to the public, that is, the rescue funds have really dried up.  ? ? Yikanshu ¡€ 1?k?a nshu¡€ This news was naturally created by Xu Fei and others.  Once circulated, it immediately caused a huge sensation in the market. Investors recalled the performance of the bailout funds on Friday and immediately recognized the authenticity of the depletion of bailout funds.  In addition, news about the RMB being frantically attacked by short sellers in the foreign exchange market has also begun to spread.  In the early days of the announcement of the RMB exchange rate reform, the performance of the RMB in the foreign exchange market did not change much, except for a small adjustment in the first three days.  But after a week or so, the RMB suddenly encountered unprecedented selling pressure in the offshore market, especially in the most important Hong Kong market. The attacks on the RMB by short sellers were like a tide, one wave after another.  Under this circumstance, the depreciation of the RMB has begun to accelerate. The offshore market has approached the level of 6.5 RMB per US dollar, and in the foreign exchange market in Suhai, the exchange rate has exceeded 6.4.  For ordinary investors, foreign exchange is not their daily concern.  Therefore, although the foreign exchange market has been turned upside down, ordinary people do not have much idea about it.  But on Sunday, an article in "Financial Express" made this fact known to the world.  This article first elaborates on the recent developments in the foreign exchange market, which is basically in line with objective facts.  But in the middle of the article, the author began to quote several "unnamed fund managers" and told how several well-known international hedge funds were shorting the RMB, including Quantum Fund, Summit Fund, and Bridgewater Associates.  The article also stated that China¡¯s economy continues to decline, various data continue to decline, and the capital market has also experienced an avalanche.  Various circumstances indicate that the Chinese economy, which once drove the global economy forward, is currently experiencing an unprecedented crisis, and the domestic capital market and foreign exchange market are no longer able to have both.  Whether to protect the capital market or the foreign exchange market has become the biggest headache for China's top executives.  After deliberately creating an atmosphere of an approaching crisis, the article set the tone with dignity at the end. In the face of the world's largest foreign exchange reserves, foreign short-selling institutions' short-selling behavior against the RMB is nothing more than a scabies disease.  .  China's economic difficulties are just minor setbacks during the economic transformation period. As long as appropriate adjustments are made, China's economy will take off again.  At first glance, this is a very politically correct article, but this kind of official article is not welcomed by the market.  But in the eyes of professionals, they still caught a hint of unusual information from this article.  The most important point is to directly announce to the public the fact that the RMB is facing attacks.  The exchange rate is falling, the RMB continues to depreciate, the stock market lacks support, and bailout funds are delayed. The combination of several pieces of news immediately paints a precarious picture for investors.  Coupled with the fact that the PMI data released on Friday was lower than the expected 48, it further confirms the above conclusions.  The direct effect of these news is the loss of market confidence. Although several regulatory agencies directly related to the stock market continue to release good news,?There is no stopping this collapse in confidence.  This collapse in confidence was directly reflected in the stock market on Monday.  In the call auction stage before the opening of the stock market that day, both blue-chip, heavyweight and emerging leading stocks suffered varying degrees of selling. The momentum was almost unstoppable. The green picture made both institutional and individual investors feel panicked.  Incessantly.  Although many institutions believed that this was a good opportunity to seize a rebound and decisively bought, they were completely unable to stop this wave of selling.  As a result, the stock market fell 14 points from the previous trading day as soon as it opened.  The market opened at 7 o'clock, down nearly 4% from the previous trading day. Hundreds of stocks were locked at the lower limit immediately after the market opened. This performance directly sentenced the stock market to death today.  When seeing the market performing like this, ordinary investors feel even more chilled.  The entire market leaves them with very limited room for operation, and the only way to go is to sell as much as possible.  Soon, before the selling wave in the call auction stage had time to be fully digested, another wave of selling by small and medium-sized investors followed.  The stock index is falling steadily, which is unstoppable.  "Just do your best and obey fate!" When they saw a scramble to escape on the board, Zhou Deping, Zhao Fei and others looked at each other and couldn't say a word for a long time.  After half a day, Zhou Deping still let out a long sigh and said these words in a low tone.  "This is the only way." Zhao Fei, Wang Jintang, Li Rong and others nodded silently, thinking in their hearts.  All the cash in the rescue capital account was withdrawn, all untraded orders were withdrawn, and they began to do their best to buy those heavyweight stocks in the market that could affect the index. As for other stocks, they were already powerless and could only watch the market performance.  .  (~^~) (To be continued)
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