Global central banks have joined forces to rescue the market, and the stock market crash has been alleviated.
After the A-share market closed, the central bank announced a targeted reserve requirement ratio reduction and decided to implement a targeted reserve requirement ratio reduction for inclusive finance on March 16, 2020, targeting banks that meet the assessment standards. 0.5 to 1 percentage point. In addition, eligible joint-stock commercial banks will receive an additional 1 percentage point targeted RRR cut to support the issuance of loans in the inclusive finance sector. The above targeted RRR cuts will release a total of 550 billion yuan in long-term funds.
It is worth noting that on the eve of this RRR cut, the State Council has just made clear arrangements. The State Council executive meeting held on March 10 called for the urgent introduction of targeted reserve requirement ratio reduction measures for inclusive finance, and additional reductions for joint-stock banks to promote commercial banks to increase loan support for small and micro enterprises and individual industrial and commercial households. Help the resumption of work and production and promote the reduction of financing costs.
The U.S. stock market triggered circuit breakers twice in a week, and stock markets in the United Kingdom, France, Germany, Italy, Canada and other European and American countries fell one after another.
Many countries’ stock markets triggered circuit breakers in the morning. Sri Lanka’s Colombo Stock Exchange triggered a circuit breaker mechanism due to a sharp fall in the stock market and suspended trading for 30 minutes; Pakistan’s stock market plummeted and triggered a circuit breaker; India’s stock index fell by 10% and triggered a circuit breaker; Thailand’s SET index fell by 10% and hit a circuit breaker.
In the afternoon, Asia-Pacific stock markets rebounded across the board. The Australian Ordinary Share Index closed up 4.09%, falling by more than 8% in early trading, with a full-day amplitude of 12%. Australia’s 10-year government bond yield rose 22 basis points, the largest increase since 2016, to 0.99%. Thailand’s benchmark stock index SET recovered from the day’s losses, which had fallen as much as 13%.
The A-share market rebounded sharply today. All major indexes opened lower in early trading. The Shanghai Composite Index opened nearly 4% lower. In the afternoon Driven by the rise of weighted sectors, the Shanghai Composite Index rebounded rapidly. The small and medium-sized board index and the GEM index once turned red during the session. Disk data showed that 465 stocks fluctuated by more than 10% today, and Jiangquan Industrial, Rifeng Holdings, ArcherMind Technology, Smart Energy, Changgao Group and other stocks rose from the green market to the daily limit. After the market opened, after the central bank announced the RRR cut, the FTSE China A50 Index continued to rise at night. As of around 18:00, it had increased by nearly 1%.
After the close, major European stock indexes also began to recover. The British FTSE 100 index opened up 6.02%, and the European Stoxx The 50 Index rose by 4.2%, and the German DAX Index rose by 3.38%. European stock markets all fell back after the opening. However, after the People’s Bank of China released the news of the reserve requirement ratio cut, the major European stock indexes rose again.
U.S. stock futures have also rebounded across the board. As of around 18:00, the three major stock index futures have increased by around 4%. In early trading, they once fell more than 3%.
While the stock market suffered a large-scale plunge, governments around the world have taken countermeasures. South Korea stated that if necessary, South Korea will take further actions to stabilize the stock market; it will take measures to stabilize the foreign exchange market when necessary. According to Sina Finance, Southeast Asia has made billions of dollars in stimulus commitments, lowered interest rates and made the stock market structure more friendly in an effort to slow down the economic losses caused by the epidemic. Regulators have proposed a number of measures, including a short-selling ban, tightening trading halt rules and providing tax breaks to stock investors.
In addition, central banks of various countries have also made statements, as follows:
1. The New York Fed: conducts repurchase operations including bonds of various maturities, every Friday Fixed 1-month and 3-month repurchase operations of US$500 billion;
2. Bank of Japan: It is reported that the central bank has proposed to purchase 500 billion yen of Japanese government bond repurchase futures , Haruhiko Kuroda previously promised to take action when necessary;
3. Bank of Canada: Temporarily increase 6-month and 12-month fixed-term repurchase operations, and expand repurchase operations to all period, at least once a week;
4. The Bank of India: It will begin auctioning US$2 billion of USD/rupee swaps on March 16, and is ready to take all necessary measures to ensure that the financial market Normal operation;
5. Central Bank of Indonesia: It will purchase 3 trillion Indonesian rupiah government bonds. Since the outbreak of the new crown pneumonia epidemic, the central bank has invested 110 trillion Indonesian rupiah to purchase government bonds;
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6. The Central Bank of Mexico: Announced a US$2 billion foreign exchange hedging tender, increasing the scale of government bond swaps to 40 billion Mexican pesos on Friday to curb the volatility of the peso;
7. The Central Bank of Colombia: Announced a new non-deliverable forward (NDF) mechanism.��, will provide more Colombian peso and US dollar liquidity to the market.
More importantly, the G20 Coordinators’ Meeting issued a statement today on responding to the COVID-19 epidemic, in which they unanimously agreed to use all feasible policy tools, including appropriate fiscal and monetary measures. measure.
Shunwei shares topped the weekly gainer list
Compared with global stock markets, the external market has been experiencing violent fluctuations recently, while the A-share market has relatively little volatility. , it is rare to see a drop of more than 5% at every turn. Under this background, some stocks have bucked the trend and strengthened, becoming the dark horse of the market. Securities Times·Databao statistics show that excluding new stocks listed in the past month, there are 36 stocks with a cumulative increase of more than 20% this week, a significant decrease from last week.
Due to the mask protection business, Shunwei shares continued to rise by the daily limit this week, ranking first with a cumulative increase of 61.47%. According to the announcement of Shunwei Co., Ltd., Guangdong Saite, a wholly-owned subsidiary, plans to transform a total of 5 production lines for the production of polypropylene materials for melt-blown cloth. As of now, the first polypropylene material production line for melt-blown cloth has been put into production. The design The maximum production capacity is 8 tons/day. The second production line is planned to be put into operation in the near future. The transformation arrangements for the other three production lines will be determined based on the order volume.
Huamai Technology hit the daily limit again today, ranking second with a cumulative increase of 61.07%, and the latest closing price hit a new high in a year. The stock has hit five consecutive daily limits recently, becoming the leader in the 5G concept. In response to the abnormal fluctuations in stock prices, Huamai Technology warned of risks yesterday evening and stated that the company’s main products are patch panels/cabinets, optical splitters, optical cables, combiners, etc. As of now, the company has no products directly related to 5G. The subsequent development of related business is still unclear. In addition, the company’s major shareholder Shanghai Financial Development Investment Fund (Limited Partnership) is still in the process of reducing its holdings. It has reduced its holdings by 1.3 million shares and has not reduced its holdings by 1.42 million shares.
Throughout cables ranked third with a cumulative increase of 52.05%. The stock went against the market and hit its daily limit today, with its latest closing price hitting a two-year high. Judging from public information, the company’s current operating conditions and internal and external operating environments have not undergone major changes. The company’s main products include three categories: optical fiber cables, transmission cables, and equipment cables. Among them, communication optical cables and high-frequency communication cable products are basic general materials for communication network construction and are not special materials or equipment for 5G communications.
A large-scale flight of main funds from the two major OLED leaders
Second week of March , the overall trading volume of A-shares has continued to decline, with the trading volume in the past three trading days being less than one trillion yuan. In terms of main funds, the total net outflow this week was 266.7 billion yuan, an increase of more than 170 billion yuan from last week. Looking at different industries, only the leisure service industry has a net inflow of main funds, with a net inflow of 669 million yuan. The electronics industry once again suffered a large-scale flight of major funds, with a net outflow of 41.7 billion yuan this week, ranking first. The scale of net outflows from medicine, biology, chemicals, non-bank finance, computers, etc. is also over 10 billion yuan.
In terms of individual stocks, excluding the new stocks listed in the past month, a total of 44 stocks have a net inflow of over 100 million yuan this week, a decrease of nearly 100 stocks from last week. China National Travel Service, Meishang Ecology, Jingce Electronics, Air China, China Microelectronics and other major players ranked among the top five in terms of net inflows of funds. Among them, China National Travel Service, the leader in the tourism industry, ranked first with a net inflow of 432 million yuan.
There were 26 stocks with net capital outflows of more than 1 billion yuan, an increase of 12 stocks from last week. OLED concept leader BOE A’s main capital outflow was 5.058 billion yuan, a cumulative decline of 12.98% this week. China’s Ping An, the leader in the insurance industry, had a net outflow of 4.45 billion yuan, a cumulative decline of 7.66% this week. Another OLED concept stock, TCL Technology, had a net outflow of 3.06 billion yuan in main capital. Other major net outflows included Oriental Fortune, CITIC Securities, TEDA, Souyute, Gree Electric, etc.
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