The global stock market crashed, and A-shares performed the best in the world today? Will the bailout come?

Times Finance

2024-08-05 16:52Posted on the official account of Guangdong Times Finance

Source of this article: Times Finance Author: Wang Xia

Today, the global stock market suffered a "Black Monday".

As of press time, major Asia-Pacific stock indexes closed down across the board.

The Nikkei 225 index closed down 4451.28 points at 31458.42 points, the largest drop in history, down 12.4%, and the constituents all fell, SoftBank Group fell nearly 19%, Tokyo Electron fell more than 18%, Mitsubishi UFJ Financial fell nearly 18%, and Japan's Topix index fell 12.23%. Nikkei 225 Index futures triggered a circuit breaker mechanism and suspended trading again.

The Korea Composite Index closed down 8.77% at 2441.55 points, POSCO and LG Chem fell nearly 12%, and Samsung Electronics and Kia Motors fell more than 10%. After the Korea ChiNext index plunged 8%, the circuit breaker mechanism was triggered, and trading was suspended for 20 minutes, and the Korea ChiNext index fell to 14%, the largest one-day decline. The KOSPI index closed down 234.86 points, or 8.78%, at 2,441.33 points, after the biggest intraday decline of about 10%, once hitting the circuit breaker.

The Shanghai Composite Index fell 1.54% to 2860.7 points, the Shenzhen Component Index fell 1.85%, the ChiNext Index fell 1.89%, and the A-share trading volume was 793.91 billion yuan throughout the day, with a significant increase in the afternoon.

After the close, the Asia-Pacific trading markets began to respond.

Japan's Finance Minister Shunichi Suzuki said that he showed strong concern about the decline in the stock market, the government should remain calm when judging the situation, the stock market has had a multifaceted impact on the Japan economy, stock prices are determined by the market, pay attention to the dynamics of the foreign exchange market, and the Financial Services Agency also pays attention to market dynamics with a sense of urgency and will not comment on whether the current yen level is too high.

Separately, Korea said that today's stock market decline was "excessive" and that the foreign exchange and stock markets would be closely monitored and market stabilization measures would be taken quickly if necessary.

In addition, the Taiwan Stock Exchange of China also held a press conference to explain the recent changes in the stock market and the corresponding measures.

China's Taiwan Stock Exchange weighted stock price index closed down 8.4%, its biggest one-day drop on record, at 19,830.88, its lowest close since April 23.

At the press conference, the person in charge of the Taiwan Stock Exchange of China said that at present, there will be no rescue measures such as a ban on air in the issuance and trading side for the time being.

At the same time, in response to the situation led by TSMC, there is no index correction plan on the Taiwan Stock Exchange in the short term.

The Taiwan Stock Exchange issued a press release stating that it will pay close attention to the impact of relevant international events on the Taiwan stock market, and in the face of market volatility caused by the international situation, it should return to fundamental rational assessment, investors should be prudent and rational in the face of the recent Taiwan stock shocks, and the stock exchange will take various measures to stabilize the market if necessary.

Before and after the Asia-Pacific stock market closed one after another, the European market opened as scheduled to usher in a "critical hit".

On August 5, major European stock indexes opened sharply lower, with the Euro Stoxx 50 down 2.94%, Germany's DAX down 2.43%, United Kingdom's FTSE 100 down 1.77%, and France's CAC 40 down 1.29%.

In addition, major technology stocks in the U.S. stock market also fell sharply before the market, Tesla fell more than 6%, Intel fell nearly 4%, Micron Technology fell 7.3%, Qualcomm fell 3.15%, AMD fell 3%, Microsoft fell 4.2%, TSMC fell 8%, and Nvidia fell 8.2%.

Futu Holdings issued a document saying that due to the abnormality of the upstream system of the U.S. stock market in the night session, trading has been suspended during today's night session.

As of 16:00 Beijing time, the global stock market is "green, fat, red and thin".

(Source: Wind Financial Terminal)

Spare A-share investors joked to themselves, "Today's A-share performance is the best in the world." And this black humor has also rushed to today's Weibo hot search.

(Times reporter Wang Xia comprehensively compiled from the live broadcast of the press conference of the Taiwan Stock Exchange of China, 21st Century Business Herald, Brokerage China, Wall Street News, financial circles, Cailian, wind, etc.)

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