My fintech empire.

Chapter 1396 [The two cities next door set off each other well]

However, the current capital market did not continue to fall after the sharp drop on the first trading day after the long holiday. There were signs of stabilization in the next two trading days, and the Xinzheng 50 Index also consolidated around 4450 points.

First, the international crude oil price hit US$79 per barrel and then fell for two consecutive days. After the deadline for the embargo on Iran arrived, seven countries and one region were finally exempted, including the Eastern giant.

According to the Americans, these countries and regions can continue to purchase Iran's oil.

Who is the largest buyer of Yilan's oil now? It's the Eastern Power, but the old magnesium has made an exemption. This embargo can be said to be a lonely ban. In fact, the entire exemption is a way to save face. The Eastern Power is determined to buy Yilan's oil. Does the old magnesium really dare to stop it?
After the exemption list came out, some people were happy, some were sad, and some chose to ignore it. However, this is obviously not the result that Lao Mei wants most, because the original idea was to reduce the oil imports from Iran to zero.

The previous rapid rise in international oil prices was largely due to market concerns that if countries stopped importing oil from Iran, there would be a shortage of global supply, so they were reluctant to sell, further pushing up oil prices. In addition, at the beginning of this month, the big Eastern country suddenly did something that scared the Western world and pushed oil prices to rise faster.

But now that the exemption list has come out, everyone knows that some of the worries are unnecessary.

Because not only does Iran itself not have the confidence to completely stop Iran's oil exports, but except for a few countries, most countries will probably not reduce or stop importing Iran's oil according to Iran's wishes.

Moreover, some institutions have heard some rumors that Lao Mei has established communication channels with the Eastern superpower. It is highly likely that the fight will not happen and it is just a false alarm.

Now that the risks that could have caused oil prices to rise have been eliminated, oil prices have fallen.

However, after just two days of stability after the big drop, a piece of news caused global stock markets to fall across the board again.

阿镁立卡正式宣布对2000亿美元的大中华区进口商品征收10%的关税，并且表示这一比例将在明年2019年1月1日上调至25%，而作为回应，东方大国这边决定对600亿美元的北镁商品征收关税。

The outside world was completely confused. What was going on?

Why are the two sides escalating the trade war? Didn't the news just come out that the two sides have already communicated? What kind of communication was this? Communication, what was the point?
Global stock markets have no choice but to fall first!

Fang Hong was very calm and composed about this, as he was one of the few people who knew the inside story of this matter a long time ago.

On Thursday, October 10, affected by this negative news, the three major A-share trading markets all suffered heavy losses, with the bidding prices all opening sharply lower. The SSE 11 Index opened sharply lower by -50%, the Shanghai Composite Index opened sharply lower by -1.92%, and the Shenzhen Component Index also opened sharply lower by -3.04%. The three major stock indices opened one after another, showing a unilateral downward trend throughout the day.

The Xinzheng 50 Index broke through the 4400 and 4300 integer marks in succession, while the Shanghai and Shenzhen stock markets next door were even worse, not only hitting a new low for the year, but also falling below the "circuit breaker bottom" of 2016 points in early 2638. The Shanghai Composite Index lost the 2600 point mark, down more than 3587 points from this year's high of 1000.

Individual stocks were also in a miserable state. A-shares also saw thousands of stocks hit the limit down today, and the market volume was enlarged. The SGX market returned to a trillion-dollar market today, and overall pessimism in the market was spreading.

However, the reason why thousands of stocks hit the limit down today is mainly because the Shanghai and Shenzhen stock markets next door account for the absolute majority of the number of stocks that hit the limit down. Although the SGX market was also bleak today, there were only 97 stocks that hit the limit down. With the contrast of the two neighboring markets, investors also said that the SGX market is still resistant to declines. Many times, happiness is often compared. Seeing the two neighboring markets so miserable, investors participating in the SGX market suddenly felt more balanced.

By the close of trading, the SGX 50 Index fell -3.75% to 7279.13 points; the Shanghai Composite Index fell -5.22% to 2583.46 points; and the Shenzhen Component Index fell -6.07% to 7524.09 points. The three major markets had a total turnover of 13682 billion, of which the SGX market had a turnover of 10095 billion.

After today's sharp drop, the market ushered in a wave of oversold rebound on Friday. The SGX 50 Index rebounded +1.39% to 4338.55 points, and the turnover of the SGX market was 8576 billion. The Shanghai and Shenzhen stock markets next door also rebounded, continuing the downward trend in the morning, hitting a new low during the session, and then rebounded and closed in the red driven by heavyweight stocks.

Fang Hong now has two major good news in his hands. One is the final payment of 500 billion US dollars from the rich man, and the other is the new 1000 billion US dollars of cooperation in the fields of Internet, AI and big data from the rich man.

These two major positive factors have been held back and not released until now because the time has not come yet.

In the following week, the A-share market rebounded for one day but failed to stabilize and continued to fluctuate and fall. On Thursday, October 10, the three major trading markets fell unilaterally again, and the three major stock indexes all formed a bare-footed negative K-line pattern.

The Shanghai Composite Index fell below the 2500 point mark, with individual stocks all in the red. More than a hundred stocks hit the daily limit, and a number of heavyweight stocks with Chinese characters in their names, such as PetroChina, Communications Construction, and China Railway Construction, crashed the market, and strong sectors of the market fell one after another.

On the SGX market, the large-cap heavyweight stocks of the listed subsidiaries of the Qunxing Group have continued to fall. About half of the constituent stocks of the SGX 50 Index are large-cap stocks worth hundreds of billions or even trillions of dollars from the Qunxing Group. If these big guys fall, there is no way the SGX 50 Index will rise.

After breaking through the 2 trillion yuan market value mark, Jiuzhou Blue Arrow's cumulative decline during this period has reached 25 percentage points. Xingyu Technology's market value scale has narrowly maintained the 10 trillion yuan market value mark, and the Xinzheng 50 Index has also narrowly maintained 4200 points.

At today's close, the SGX 50 Index fell -2.17% to 4203.24 points; the Shanghai Composite Index fell -2.94% to 2486.42 points; the Shenzhen Component Index fell -2.41% to 7187.49 points. The three major markets had a total turnover of 9586 billion, of which the SGX market had 7189 billion.

The liquidity of the Shanghai and Shenzhen stock markets next door is once again on the verge of exhaustion, but the SGX market still maintains a high trading volume and the market trading atmosphere is very active, which is a sharp contrast between the two.

Investors in the A-share market have little confidence in the neighboring Shanghai and Shenzhen stock markets. Not many people are playing the market anymore. However, when the Xinzheng 50 Index fell recently, investors thought it was a good opportunity to buy at the bottom. The more the market fell, the more they bought, so the trading volume was not weak.

This is the best reflection of confidence in the SGX market. Those who missed out on the market before are now thinking that they did not have a good position to get on board. Now that the market has fallen back, it is a good time to get on board.

The New Securities 50 Index has fallen from its historical high of 4582.78 points to today's 4203.24 points, with a cumulative decline of -8.28%. Up to this point in the adjustment, funds have already started to buy at the bottom.

The general market participants believe that the market may fall to the recent low of 4077 points at most. If it falls to this point, we can move boldly in that direction. The probability of falling below 4000 points is very small. If it does fall, it will only encourage funds to increase their positions, because we believe that the trillion-dollar stabilization fund will intervene at that time.

This is why everyone has confidence in the SGX market. Now everyone has always believed that the bull market cycle remains unchanged. As long as there is no sudden black sky event, the bull market in the SGX market is unlikely to be interrupted. Even because of the existence of Fang Hong and Qunxing, the rescue of the market will definitely come as expected.

……