My fintech empire.

Chapter 1257 [Everyone's attention is focused on the new city]

With just one Weibo post, Fang Hong made the panic in the market disappear and restored confidence.

As of closing, the Xinzheng 50 Index rose slightly by +0.13% to 2170.34 points. The daily K-line formed a golden bottoming bald yang pattern, and the closing price was the highest price of the day. If it were not for the closing time, it would have risen further.

The market fell by more than 3 percentage points at one point during the trading session, hitting a new low since February 2 this year. A single Weibo post from Fang Hong pulled the market back from the flash crash, causing countless traders to exclaim that this was a master-level trading skill.

The neighboring main board index also fell sharply, and then was pulled back. The Shanghai Composite Index also closed with a true positive line today, narrowly holding 3000 points.

The next day, Friday, the last trading day of the week, the A-share market opened and the Xinzheng 50 Index created a gap in the call auction, opening up by +0.82%. As a large-cap index of a market, this opening margin is not small.

There was no retracement after the opening, but it opened high and continued to rise with high volume and price. Xingyu Technology, which had fallen sharply before, rose by more than 5 percentage points in half an hour after the opening, driving the Xinzheng 50 Index to rise all the way.

Most of the funds in the market have basically confirmed that the bottom of this round of adjustment of the Xinzheng 50 Index is 2097 points. Now the annual report thunder has long passed, the wealth fund's reduction of holdings has also been announced, and the second reduction announcement clearly disclosed that there will be no new reduction plans in the next two years.

In a word, all the bad news has been released. As long as there is no sudden black swan event that catches you off guard, the market outlook will be bullish.

Not only has the bad news been eliminated, but good news is about to come, which is the summer product launch conference held by Xingyu Technology next week.

As of the closing, the New Securities 50 Index rose again today by +1.80% to 2209.32 points, and the trading volume increased again to 3154 billion. Xingyu Technology also rose by 7 percentage points today.

The Shanghai Composite Index on the next main board also closed in the green, rising +0.72% after the market to 3083.51 points.

As we approach this weekend, the hottest topic online is the summer new product launch to be held by Xingyu Technology next Tuesday. The technology circle, the capital circle and the majority of netizens are focusing their attention on Xincheng and Xingyu Technology.

It is Monday, May 5th, and tomorrow is Xingyu Technology’s press conference. Today, the company’s stock price rose again, reaching a high of 15 percentage points during the session, and once again reached near its historical high.

The stock had previously fallen sharply due to the news of the wealth fund's share reduction, but has now recovered. However, the stock did not set a new historical high today. It fell back in the afternoon and finally closed up +4.39%, with an after-hours market value of 5.79 trillion.

The rise of Xingyu Technology also led to the Xinzheng 50 Index closing in the green again, closing up +0.54% after the market today to 2221.24 points.

……

The next day, Tuesday, August 5th.

Xingyu Technology's summer new product launch conference arrived as scheduled. Industry insiders in the technology circle, media professionals and many die-hard fans arrived in Xincheng yesterday and arrived at the Xingyu Technology headquarters early today.

At this moment, those who got the tickets entered the press conference site in an orderly manner under the guidance of the company staff.

This press conference will also be broadcast live online. Xingyu Technology has done an excellent job of keeping it confidential. So far, most people believe that the STAR5 smartphone will be released today.

At around 9 o'clock, the stock market on the Singapore Exchange had already opened. Xingyu Technology opened flat, but quickly rose after opening, rising by +9% at around 07:3.67. The stock price hit a record high, and its total market value also exceeded the 6 trillion mark for the first time, causing excitement in the capital market.

The stock of Xingyu Technology has also attracted much attention because of today's press conference. Its popularity index has already jumped to the first place. Countless retail investors are following the company's new product launch live broadcast online.

As time went by, at 9:30, the press conference officially began.

The venue with more than 5,000 seats was packed. Some media reporters present looked around, trying to find some big names, especially Fang Hong, but they did not find him at the scene.

At this moment, Fang Hong was staying at home. He did not go to the scene to show his presence. As the ultimate boss of the galaxy, there was no need for him to go to the scene to steal the limelight from his subordinates.

As the press conference began, the noisy discussions gradually faded away and everyone looked at the stage.

After a while, Qin Feng walked slowly to the center of the stage, and there was immediate applause and cheers from the audience. The online live broadcast room was also filled with comments such as "Here I come", "Back to 2014", etc.

Qin Feng, standing in the middle of the stage, looked towards the audience and said, "Good morning, everyone. I think not only I, but also the friends present here, including those who are watching the live broadcast online, have been looking forward to this long-awaited moment for a long time."

"Since its founding, Xingyu Technology has launched a number of excellent terminal devices, from smartphones, tablets to PC notebooks, and has also demonstrated the development direction of the software platform behind the products. Today we will launch a brand new terminal device, for which we have been carefully preparing for many years. This is a product that integrates Xingyu Technology's technologies. I can't wait to unveil it. Please watch the short film."

As soon as he finished speaking, the light on the stage that was focused on Qin Feng disappeared, and he also disappeared along with the shadow and walked quickly to the side of the stage.

Everyone's eyes were cast towards the high-definition giant screen on the stage, and a textured text appeared in the middle of the screen.

【STAR-MIX】

At this moment, everyone present was very surprised. MIX? Shouldn't it be STAR5? The new product that Xingyu Technology was going to release today was not the STAR series smartphone?

When the screen switched to the new scene, a short film of about 5 seconds began to play, which finally unveiled the mystery of the new product released this time. Many people who were looking forward to the STAR mobile phone were stunned when they saw it, and everyone's face was full of surprise and unimaginable.

“Ah… this is a VR headset?”

A man who was watching the live broadcast of the press conference was shocked. He had always thought it was a STAR5 mobile phone, but he didn't expect it to be a head-mounted display device. He was inevitably disappointed. At the same time, the stock price of Xingyu Technology plummeted, the expectations for the STAR5 mobile phone were dashed, and funds began to flee.

After the short film was finished, there was another round of applause from the audience, but this time it was not as enthusiastic as before and no one cheered. It seemed like symbolic applause to save face.

No one expected that the product that Xingyu Technology was hyping up was actually a virtual reality (VR) headset. This thing was quite popular a few years ago, and the concept of augmented reality (AR) was also introduced, but it has not been as popular in recent years.

Some users who have tried new products found that the products launched on the market are not as great as they imagined, and they are just so-so after experiencing them.

However, no one has jumped to conclusions too early. After all, Xingyu Technology is a technology giant, and this MIX may also make people feel "wow" and amaze the world.

……

(End of this chapter)