My fintech empire.

Chapter 1419 [True and false news flying everywhere]

Today's long positive line with large volume changed the previous unilateral adjustment trend and directly reversed the previous seven negative lines. From the technical point of view, it is basically confirmed that it is a second bottoming out and rebounding out of the double bottom, and this bottom did not break the previous low of 10 points on October 19 last year.

As we approach the weekend, the hottest topic in the capital market is the rumors about the new delisting rules of the Singapore Exchange.

Many people are trying to find out the news for certainty, including some investment institutions, because 99% of the institutions have not received the news in advance, let alone retail investors.

On the one hand, everyone is trying to find out how true the rumors are. On the other hand, more attention is focused on the market management of SGX. With such a big commotion, the entire capital market is in an uproar. Shouldn't the management of SGX come out and respond to market hot spots?
However, as the weekend ended, the management response that the outside world expected did not appear.

There was no response, but it was interpreted by the market as a positive thing.

The reason is that, although there is no response, it also means that there is no denial. If rounded off, it can even be said to be equivalent to acquiescence!

……

After the weekend, it’s Monday, August 1th.

The New Securities 50 Index, which surged last Friday, opened this morning at 4371.33 points, up 0.55%. It continued to rise after opening. Within the first half hour of the morning session, the New Securities 50 Index strongly exceeded the 4400 point mark.

At around 10:22 am, it reached a high of 4406.27 points, but this also became the intraday high for the day, and then quickly fell back.

Because just now, the SGX held a press conference to respond to current hot issues in the market. Regarding the hottest rumor about the SGX's new delisting rules, the spokesperson stated that the unit has not received any relevant information at present.

The capital market also fell in response. Some investors were quite disappointed after seeing the news flash and learning about the response of the SGX market, and felt that their happiness was in vain.

However, some people who are good at observing details have discovered some clues, that is, the spokesperson's response is actually a bit vague. For example, there are no affirmative rumor-refuting keywords such as "market rumors are untrue".

I haven't received any relevant news yet. Does the implication mean that I will receive it later?

However, the vast majority of investors chose a simpler and more direct approach, which was to go to Fang Hong's Weibo account to comment or send private messages to inquire about this matter. Although the frequency of K God's appearances on the Internet nowadays is incomparable to that of a few years ago, the fans of his Weibo account are unusually active.

Although it is not explicitly stated that the top-level design of the SGX market was created by Fang Hong, this matter has become an open secret in the market. Therefore, everyone is extremely confident that if the new delisting rules of the SGX market are really to be implemented, Fang Hong must be involved, or even designed by him.

Then just ask God K directly. If God K replies, it must be true.

……

As time went by, the Xinzheng 50 Index rose and fell, filling today's gap at around 12:33, and even turned green and fell -0.11%. It quickly turned red and rebounded to +0.53%, and then began to fluctuate and consolidate.

It is worth mentioning that today, the three major A-share trading markets all opened higher collectively. The theme stocks in the two neighboring cities performed quite well, and multiple sectors staged a surge in daily limit, although the trading volume was generally not followed by many retail investors.

In sharp contrast, the large-cap stocks in the three major trading markets performed relatively weakly, but the three major markets generally showed an upward trend, with more than 100 stocks hitting their daily limit.

At around 14:37 p.m. in the late afternoon, a short essay with a screenshot of a private message went viral in the circle.

Even the major market softwares have successively pushed out a short message:
[It is rumored that Fang Hong, founder of Qunxing: The new delisting rules of the SGX market are under internal discussion]

Stimulated by this news, the New Securities 50 Index rose sharply again in the last twenty minutes of the closing period. Funds that had withdrawn in the early trading session rushed in again to buy shares, causing the index to strengthen again in the closing period.

At this moment, all major stock forums, communication groups, and the comment section under Fang Hong’s latest Weibo update are full of discussions.

[Holy crap! Is that screenshot real?]
[I sold it when it was rising in the early trading session, but after seeing this news, I couldn’t help but buy it back at the end of the trading session.]
[Investing in stocks based on news, right? (dog head.jpg)]
[Pictures speak louder than words, it must be true.]
[This short essay…]
[It feels unreliable. This is different from what the spokesperson said at the press conference on the SGX market. How could God K say something wrong about such a big thing? And God K would never respond to such a big thing in a private message on Weibo.]
[But now the funds are frantically buying shares at the end of the trading day...]
[This momentum feels like it could break through the early highs.]
[Who cares? This is the New Securities 50 Index. Even if you are stuck for a while, it won’t last long. It will go up anyway, so… just do it!]
[Let’s be honest, this screenshot that went viral is obviously photoshopped.]
[I also think this is a bit unreliable. If you think about it carefully, it doesn’t stand up to scrutiny. Even if SGX has really decided to introduce new delisting rules, the procedure is that SGX management will announce it, not God K. Besides, even God K would not be so reckless.]
[Indeed, even if we take a step back, even if K God replied, he would not send a private message to the person individually. He should directly send a new blog post. Moreover, K God would definitely not be so reckless. As the above person said, the procedure is wrong.]
[But the rush to buy shares at the end of the trading day is real, and anyone can see it...]
[I ran away in the early trading, and bought the dip when the price turned green during the trading session. I am very satisfied with this operation.]
……

The current market is full of true and false news. Fang Hong didn't pay attention to the capital market today, nor did he read the news. He didn't even know about this.

However, a public opinion tracking department saw the online rumors for the first time and reported them immediately. In addition, the management of the SGX is also very confused now. They don’t know whether the viral screenshot is true or false for a while, and they also called the people from Qunxing to verify the authenticity immediately.

Tian Jiayi received the message quickly and then called Fang Hong directly.

At this moment, Fang Hong was enjoying the double private SPA service provided by Lin Yun and Lin Yan.

When I heard the ringtone of the cell phone, I knew it was the beautiful assistant calling, because I had set a separate ringtone, and the phone number corresponding to this ringtone was work-related. That was to say, the call from Tian Jiayi was work-related, and she would use another number for personal matters.

Fang Hong motioned to sister Lin Yan to hand him the phone that was placed aside, and took the phone from Lin Yan. Fang Hong raised his index finger to his mouth with his other hand, motioning the two girls not to move or make any noise. Lin Yun, who was sitting at the bottom of the table, sat up straight and nodded obediently. The amplitude of the violent and frequent up and down fluctuations quickly narrowed and quickly returned to calm.

Then, Fang Hong looked back at the screen of his mobile phone, answered the call, put it to his ear, and lay on his back, looking at the ceiling and asked, "What's the matter?"

Tian Jiayi's voice came from the other end of the phone: "It's been widely circulated online that you replied to someone on Weibo that "SGX's new delisting rules are under internal discussion." Is this true or false? Did you reply?"

Fang Hong was also stunned when he heard this, but he soon understood and said concisely: "It's fake."

Tian Jiayi replied: "I knew it was fake."

……