My fintech empire.

Chapter 1361 [America's Teeth Are Itchy]

The next day, Tuesday, August 7th.

The SGX market continued its strong bullish trend today. Although the SGX 50 Index opened flat in the morning, it quickly surged upward without any retracement after the opening, showing a trend of rising both volume and price.

Around 11 a.m., major market software pushed the following message:
[The New Securities 50 Index rose by more than +1.52% to 4090 points, breaking through 4085 points to set a new historical high]

Less than ten minutes later, major market software pushed the following message:
[The New Securities 50 Index stood above the 4100 point mark, setting a new record]

The market was in a state of excitement. Unexpectedly, the New Stock Exchange 50 Index broke through with three consecutive positive days to set a new high. Previously, people thought that the official launch of the "New Hong Kong Stock Connect" was the fulfillment of positive expectations, and those who chose to jump on the train regretted it and slapped their thighs.

All major stock forums and communication groups are discussing this hotly. The market conditions are so good and everyone is very happy.

[These three consecutive sunny days are so beautiful, so cool!]
[Is foreign investment crazy? They bought 552 billion on the first day, 539 billion yesterday, and 317 billion today. This is going to break the record!]
[I noticed that there was no outflow of foreign capital from the SGX market in the past two days. Are you so optimistic? Is there no one doing short-term trading?]
[Isn’t this normal? The SGX has a T+3 trading mechanism for institutions, while retail investors have a T+1 trading mechanism. In the past two days, even if you wanted to sell out, you couldn’t. Today, more than 30 billion yuan has flowed out, but compared to the inflow, it is only a fraction.]
[Fortunately, I didn’t believe those teachers and big Vs who said that it was time to leave after the launch of the New Hong Kong Stock Connect and that the positive news would be realized and the market outlook would be bearish.]
[Stop cursing, stop cursing, three consecutive days of rising stocks, seriously missing out.]
[The Shanghai Composite Index barely reached 2900 points, while the New CSI 50 Index was already at 4100 points. The absolute point difference between the two has opened up 1200 points. To be honest, it is still quite shocking! ]
[Living in fear of rising prices every day... (covering face.jpg)]
[The SGX market’s bull run has lasted longer than the two previous ones in 2007 and 2015. It is unrivaled!]
[The index has risen more rapidly than the neighboring stocks. The annual line has already exceeded 40 points. It feels like it will exceed last year's 46% increase.]
[If nothing unexpected happens, it will probably exceed.]
……

At around 13:22 in the afternoon, major market software pushed the following message:
【Xingyu Technology continued to strengthen in the afternoon, with the increase expanding to +3.71%, and the market value was 92337, a record high. 】

At this moment, the company's market popularity index also soared rapidly, and people from all walks of life came to watch. Xingyu Technology reached the 9 trillion market value mark for the first time today, which is approximately 13479 billion US dollars excluding exchange rate changes.

It is getting closer and closer to 10 trillion. Many investors are looking forward to this moment, and everyone believes that it is only a matter of time before Xingyu Technology breaks 10 trillion.

For the A-share market, this is undoubtedly a historic moment. There is no doubt that the first listed company with a market value exceeding 10 trillion yuan will be Xingyu Technology. Moreover, it is not a financial or oil stock but a technology stock, and it is destined to be recorded in the history of A-share market.

After the closing, the SGX 50 Index surged by +2.42% to 4126.10 points. The trading volume of the SGX market today also hit a new high of 7650 billion.

Among them, the net inflow of foreign capital into the SGX market hit a new high, setting a new record for the largest single-day net inflow and a new record for cumulative net inflow, which were 592 billion and 1683 billion respectively. The SGX-Hong Kong Stock Connect was launched for three days, and foreign capital bought for three days.

Especially the sovereign fund of the local tycoon. Data showed that the PIF fund bought more than 400 billion in three days, accounting for a quarter of foreign investment, making it the largest buyer. This matter also triggered heated discussions among A-share investors.

There are also various analyses online explaining why foreign capital is so optimistic about the SGX market.

There are naturally many reasons for this, but one of them must be that the funds that are betting on the Eastern giant to win are now rushing to buy, because the proportion of a single listed company held by a single foreign institution in the SGX market cannot exceed 5%. For some small-cap growth stocks that are promising, if you don't get on board early, you may not be able to buy them later.

The wealthy PIF sovereign fund particularly prefers galaxy concept stocks, but these stocks are all huge stocks worth hundreds of billions of yuan, and there are also epic stocks such as Xingyu Technology and Matrix Quantum with a value of more than 5 trillion yuan.

Although a lot of funds have flowed in from the rich, these big guys are too huge. For example, a behemoth like Xingyu Technology has a market value of 9.23 trillion yuan. Even the rich find it difficult to fill a 5% position. According to the current market price, a 5% equity ratio corresponds to a market value of more than 4616 billion yuan. Even the rich with money cannot hold such a large scale.

This also indirectly reflects the current size of the SGX market, which can meet the asset allocation needs of global investors.

However, it is worth mentioning that as the SGX market has once again broken through its historical high, some bubble theorists are still sparing no effort to criticize this market, and they are also denouncing the bubble with an attitude of worrying about the country and the people, with a tone of "A-shares are in danger", saying that the SGX market is brewing the next round of stock market disasters, and this huge bubble is no less than that of 2015, or even has long exceeded that of 2015, blah blah...

These bubble theorists are either financial rentiers who are parasitic on their neighbors. The SGX market is booming and investors have abandoned them, leaving them with no leeks to reap, so they use all kinds of mouthpieces to promote the SGX bubble theory.

Either they are the lackeys of the Western countries or they are the last ones that Angsa and Squid Capital Group want to see if the SGX market maintains a bull market like this for a long time.

During these three days, the net inflow of overseas capital exceeded 1600 billion. This money should have flowed into the northern capital market to support the US stock market bubble, but it ended up flowing into the Singapore Exchange market in the eastern giant.

In fact, Angsa and Squid Capital Group are seeing it all, hating it in their hearts, and gritting their teeth.

In their eyes, your A-share market should just stay at the floor price. On the one hand, it will allow them to buy up high-quality core assets at a bargain price. On the other hand, if your stock market stays at the floor, global capital will have no choice but to go to the North American capital market.

The SGX market has been on a continuous bull run and now has opened up access to foreign capital. Overseas capital that has long been eyeing the investment returns of this market is now pouring in. In addition, the size of the SGX market is also gradually increasing and can accommodate more funds.

Judging from the net inflow of more than 1600 billion yuan in these three days, Angsa and Squid Capital Group have clearly felt that the SGX market has posed a real threat to the North American capital market.

What makes them grit their teeth is that they have failed to bring down the SGX market despite several attempts.

It is quite difficult to try to short in this market because Fang Hong is more inclined to bullish when he is designing the top-level strategy. This is an objective fact because the reality requires it.

Before the old magnesium stock market is blown up, or even before the old magnesium is blown up, the SGX market will not change its bullish pattern.

Faced with the current situation of the SGX market, Angsa and Squid Capital Group are in a state of schizophrenia. On the one hand, they want to bring it down very much, but when they see the profits of the SGX market, they want to have a piece of the pie. However, if they want to have a piece of the pie, it means that they are actually providing liquidity support to the SGX market, so don't even think about bringing it down.

……

(End of this chapter)