Chapter 1349 [You come and I hurt each other]

Just when the NSE 50 Index stood at the 4,000-point mark for only one day, the bad news from America caused Big A to suffer a decline, and the NSE 50 Index also fell below the 4,000-point mark.

That evening, Beijing Magnesium announced a plan to impose a 25% tariff on imported goods from the Eastern country with a total value of approximately US$100 billion.

As soon as this news came out, the A-share market opened with a setback on May 23 the next day. The three major stock indexes all closed in the green. The NSE 50 index opened lower and moved lower, closing down -1.96% at 3995.84 points, falling below the 4000-point mark.

The trade dispute between the world's two largest economies is still increasing in intensity, and it has a bit of a "turn-based" back and forth.

…

In the afternoon, stay in the villa quietly.

At this moment, Fang Hong was communicating with Luo Qingan, and it was the latter who called.

"How is your breakthrough in the semiconductor industry chain going? As for reciprocal countermeasures, we plan to start with Qualcomm, Apple and other companies." Luo Qing'an said on the phone.

Fang Hong's eyes lit up when he heard this, and he immediately became energetic and replied without hesitation: "I can responsibly say that the current main node of the domestic semiconductor industry has advanced to the 8-nanometer process technology. , the technology in this area has achieved a breakthrough and is on the same level as the most advanced foreign process nodes.”

Fang Hong added: "Not only is the manufacturing process no longer lagging behind, but commercial implementation is one step faster than foreign countries. Xingyu Technology's fifth-generation smartphone has been secretly put into production and is now in mass production."

A few short sentences have an extremely far-reaching impact, even landmark significance.

This year is definitely the first year of the domestic semiconductor industry, because this year we have achieved a successful breakthrough in all key technology nodes of the entire industry chain in this field, and we have made breakthroughs this year in perfect accordance with the expected plan. From now on, we have completely bypassed the process from software to hardware and design. A complete STAR5 smartphone can be produced by replacing all the stuck technologies in manufacturing with domestic ones.

Luo Qing'an on the other end of the phone was also very excited: "Okay! All the hard work pays off. The day has finally come. Now there is nothing to worry about. You can compile a report as soon as possible and I will submit it overnight."

Fang Hong: "No problem."

After ending the call, Fang Hong immediately called Tian Jiayi and told him to start preparations.

If the chip aspect has completely broken through, then the rabbit really has nothing to worry about. Since the total GDP exceeded 100 trillion, the rabbit has become harder and harder, and it is even more so now.

…

In the next few days, the capital market continued to decline. After falling below 4,000 points, the NSE 50 Index returned to negative territory for four consecutive days. However, the decline was not large. The decline for the four consecutive negative periods was only about one percentage point.

At about 17:00 on Tuesday, May 29, a piece of news caused an uproar around the world.

In response to the northern magnesium tariffs, the eastern power decided to impose a 25% tariff on 132 domestic magnesium products. In this list, the outside world was shocked to find that well-known technology manufacturers such as Qualcomm, Nvidia, Apple, AMD, and Intel All are among them.

In the past two days, the outside world has responded to various speculations about what countermeasures will be used. Basically, it is speculated that they will continue to increase their investment in the field of agricultural products. No one guessed that these big technology companies would even think that they would start with gallium and germanium. I didn’t even think about the lists of these major international manufacturers.

This was so bad that everything inside and outside the network exploded. Everyone was stunned. Even America was stunned on the spot. How dare you do this? Where did you get the confidence to play this card?

That night, when the magnesium stock market opened, all the major technology companies on the list all fell sharply. Among them, Apple plunged -13.67% during the session, directly evaporating more than 100 billion U.S. dollars, and its market value dropped from more than 850 billion. To 740 billion.

The entire Silicon Valley technology circle has also exploded, and all the major technology companies on the list are jumping up and down.

The global capital market has also plummeted across the board. Everyone can clearly feel that each other is becoming more and more aggressive, and the rabbits that have always been reserved have become more aggressive. This makes global investors feel uneasy and creates greater uncertainty in the future.

As the morning dawned in the Eastern Hemisphere, the A-share market opened on Wednesday, May 30. The three major trading markets fell sharply at the opening, and all opened a downward gap. After the opening, the A-share market also opened lower and moved lower. The NSE 50 Index moved out of six It fell continuously and fell below the 3,900-point mark during the session.

At the final close, the three major stock indexes fell sharply across the board. The NSE 50 Index closed down -2.37% to 3853.55 points; the Shanghai Stock Exchange Index closed down -2.53% to 3041.44 points; and the Shenzhen Component Index closed down -2.35% to 10105.79 points.

However, on May 31 the next day, the NSE 50 Index rebounded strongly by +2.41% and closed at 3946.27 points. The gap was directly repaired and returned to the 3900 point mark. In the following days, it also rose amid shocks. It almost returned to the 4000 point mark again.

But in the end it failed to reach 4,000 points again, because the market corrected again after entering June.

The factors for this correction are not external, but internal. In order to control local debts, the state has increased supervision of local investment and PPP, which has affected the market's view of infrastructure stocks to a certain extent.

Another major factor is the reduction of the balance sheet. Under the regulation of the central bank, the off-balance sheet financing of enterprises has dropped sharply, so the market's expectations for corporate defaults have increased.

At the same time, America has not been idle in the past few days.

During the Dragon Boat Festival holiday in mid-June, news came from America again. The North Magnesium side passed a bill with an overwhelming advantage. Star-level companies such as Xingyu Technology, Matrix Quantum, and Kunpeng Technology under the Qunxing Group were all on the list. At the same time, a warning was issued to Qunxing Capital to move out of the SWIFT settlement system.

This situation has a tendency to intensify. Global trade is sluggish, and expectations of the economy falling back into recession are increasing. The global capital market has been hit by this news and has suffered another setback.

This series of external negative factors fermented, and the A-share market opened after the Dragon Boat Festival on June 19, and the "Dragon Boat Festival robbery" market was staged. The three major trading markets fell across the board again. The panic and negative factors of the holiday were directly vented at the opening of the market today.

The SGX 50 Index plunged more than -4% during the session, falling below 3,800 points and reaching a low of 3,749.29 points.

The Shanghai and Shenzhen stock markets next door both plunged more than 5 percentage points during the session, with a 3,000-point mark being broken and 2,900 points also being broken, and another 10,000-point mark being broken. The Shanghai Composite Index fell -20% compared with the beginning of the year, entering a technical bear market.

The ChiNext Index fell even more miserably, directly breaking the historical low in four years.

Today, the A-share market once again staged a scene of thousands of stocks hitting the limit, but the limit-hitting stocks were mainly concentrated in the Shanghai and Shenzhen stock markets next door. There were more than 1,300 stocks in the SGX market, and only 67 of them hit the limit, and half of them were in the red.

Overall, except for some large-cap stocks with good performance, other stocks fell very badly today.

At around 13:00 in the afternoon, the SGX 50 Index reached its rebound limit, and the number of limit-hitting stocks in the SGX market also shrank to less than 50.

As of the close, the three major A-share indices closed down across the board. The New Securities 50 Index broke out of the long lower shadow line and recovered the 3,800-point mark. It closed down -2.41% after the market closed at 3,817.82 points; the Shanghai Composite Index fell -3.78% to 2,907.82 points; and the Shenzhen Component Index plummeted -5.31% to 9,414.76 points.

……