2023-06-21 04:18:25
Just now!The People’s Bank of China’s heavy hand suddenly swept the stock market and many companies plummeted
FX168 Financial News (Hong Kong) News Wednesday (June 21) as the Asian market approached the Dragon Boat Festival holiday, the People’s Bank of China launched another 100 billion net investment, and the central bank launched a 7-day reverse repurchase operation of 145 billion yuan in the open market, with a winning bid rate of 1.9% . A sudden bad news swept the A-share market, many companies plummeted, and artificial intelligence (AI) hot stocks also collectively cooled down.
Wind data shows that 2 billion yuan of reverse repurchases expired that day, so the net investment in a single day was 143 billion yuan.
The market opened lower in the morning, except for the Beijing Stock Exchange 50, which fell 0.32%, 0.38%, and 0.48%. After the market opened, the Shanghai Composite Index rebounded from a small V, and the Shenzhen Stock Exchange fluctuated lower. The Growth Enterprise Market Index fell by more than 1%, and heavyweight Kanglong Chemical, Kunlun Wanwei, etc. all fell sharply.
On the disk, recent popular stocks have pulled back one after another. Tracks such as optical modules, online games, CRO, and media are among the top losers. Power stocks have rebounded and bank stocks have recovered.
Hong Kong stocks continued Tuesday’s decline. The three major indexes collectively opened lower. The Hang Seng Index opened 1.54% lower, the Hang Seng State-owned Enterprises fell 1.63%, and the Hang Seng Technology Index fell 2.18%. Technology leaders generally fell. Alibaba and JD.com led the decline in blue chips by more than 3%. Bilibili fell by more than 5%. Weilai bucked the trend and rose by nearly 3%. At present, Hang Seng Technology’s decline has narrowed.
AI popular stocks have collectively cooled down, and the AI track, which has seen frequent bad news overnight, has cooled down as scheduled in the Asian market on Wednesday. Many concept sectors such as AI computing power, ChatGPT, and AI applications have fallen at the forefront of the market. Bull stocks Kunlun Wanwei led the decline, Cambrian and Inspur Information both fell by more than 6%, Zhongke Sugon, Reader Culture, Meiya Pico, and Tianyu Data Science were among the top losers.
AI leader Kunlun Wanwei once fell close to 14% in the morning. Since the beginning of this year, Kunlun Wanwei’s stock price has been soaring. Even though it suffered a sharp drop today, the stock price rose by about 300% during the year.
Kunlun Wanwei announced that its shareholder Li Qiong, who holds more than 5% of the shares, plans to reduce his holdings of no more than 35.8686 million shares, that is, no more than 3% of the total share capital, through block transactions or centralized bidding transactions. According to the estimate of the closing price on June 20, Li Qiong’s shareholding reduction plan is about 2.2 billion yuan, and the reason for the reduction is personal financial arrangements. The reduction price range will be determined according to the market price.
On Wednesday, the central parity was quoted at 7.1795, down 199 points and depreciating to the lowest since November 29, 2022.
The central parity rate of the previous trading day was 7.1596, the onshore renminbi closed at 7.1744 the previous trading day, and the offshore renminbi fell below the 7.19 mark.
The Chinese stock market is ebbing, while the Indian stock market has recently been sought after by global funds, especially since March, overseas investors have continued to buy net. The representative stock index SENSEX index has been hovering near the highest point, and hit a record high on June 16. India’s domestic demand is expanding and the economy is expected to maintain a relatively high growth rate, which has attracted investor buying.
Foreign investors have also continued to flow into Indian stocks, with data from the National Securities Depository Corporation of India showing that overseas investors turned net buyers in March. The net purchase in May reached 438.3 billion rupees, an increase of about 4 times. This has also contributed to the rising presence of India in the global stock market. The total market value has increased by 13% since the end of March, ranking fourth in the world, surpassing countries such as France and the United Kingdom.
1687349624
#Peoples #Bank #Chinas #Heavy #Shot #Suddenly #Sweeps #Stock #Market #Companies #Plummet #Author #FX168