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Md Delwar Hossain
Apr 05, 2022
In General Discussions
Years from now, people may still see March 16, 2022, as "Great Miracle Day." More than a week before this day, a large number of Chinese technology companies listed on Hong Kong and US stocks suffered an unprecedented continuous decline. The Nasdaq Golden Dragon China Index, which measures the overall performance of special database Chinese concept stocks, fell by more than 10% for three consecutive trading days, and the Hang Seng Technology Index once fell by more than 11% in a single day. At the opening of the market on the afternoon of the 16th, the market reversed completely. On the same day, the A50 index futures rose by more than 9%, and the Hang Seng Technology Index closed up 22.2% that day, setting the largest single-day increase in history since the index was released. The future is hard to predict, but the rebound has continued, at least so far. What reversed market sentiment was a high-level meeting on the same day: the State Council's Financial Committee released a signal to stabilize the special database capital market at a special meeting, and made a clear statement on issues such as the strong supervision of Chinese stocks by the United States and the risk resolution of real estate companies. After eating the "reassurance pill", the irrational selling in the market stopped. It truly embodies the saying "confidence is more precious than gold". This article does not intend to discuss too much about market fluctuations, but wants to talk about the atmosphere in the Internet industry during this period, and even in recent years: "The Internet is not a real economy, and it is also a matter of falling to the floor. No special database one will save you”, “The “above” emphasizes deviating from the virtual and turning into reality, so the Internet should be rectified.” “Internet companies have lost their imagination and cannot be trusted, and they still have to engage in manufacturing.
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Md Delwar Hossain
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