原标题：深夜恐怖！ 当美国股票重新创新高中股票时，他们已经大吃一惊。 与谁在一起情况如何？
概括
[LateNightHorror!WhathappenedtotheUSstockmarket’snewhighschoolconceptstocks?】AnumberofpopularChineseconceptstocksstagedarollercoastermarketovernightBaidufell15%duringtheintradaysessionthenturnedupwardsandfinallyclosedup20%;TencentMusicfellbyasmuchas18%andviolentlyroseinlatetradingandthedeclinenarrowedto13%;Vipshopplunged217%duringtheintradaysessionandfinallycloseddown24%;iqiyidivedupto26%andcloseddown132%
Last night, US stocks continued to rise.
The latest economic data shows that inflation is still moderate and weakenedMidlandThe expectation of the Reserve Bank to raise interest rates in the short term has pushed up the trend of US stocks.
As of the close, the closing price of the S&P 500 index hit a record high, closing at 3,974.54 points, up 1.66%.
S&P 500 trend
The closing price of the Dow also set a new record high, closing at 33,072.88 points, an increase of 453.4 points, an increase of 1.39%.
Dow daily chart
The Nasdaq index fluctuated. It once dived during the intraday session, and violently rose rapidly in late trading. It finally closed up 1.24%, with an intraday amplitude of 2%.
Nasdaq yesterday’s trend
China concept stocks were bloodbathed
Many popular Chinese concept stocks staged a roller coaster market overnight,BaiduIt fell by 15% during the intraday session, then turned upwards, and finally closed 2.0% higher;Tencent MusicIt fell by at most 18%, violently pulled up in late trading, and the decline narrowed to 1.3%;VipshopThe intraday plunged 21.7%, and finally closed down 2.4%;IQIYIIt dived up to 26% and closed down 13.2%.
Friday’s market originated from a circulated onlineGoldman SachsInternal e-mail, the e-mail showed that the bank placed a sell order for multiple Chinese concept stocks on behalf of an unknown seller before the market opened on Friday, involving 10 million shares.Baidu, Quoted at US$185, a maximum discount of 9.6% from Thursday’s closing price; 50 million shares of Tencent Entertainment, quoted at US$17.6, a maximum discount of 14% from Thursday’s closing price; 32 million sharesVipshop, The price is 27.6 US dollars.RumoredGoldman SachsAlso sold 32.7 million sharesIQIYIThe sell order is quoted at $15.50.
NYSE trader Timothy Anderson revealed in an interview with CBN that one of hisfundManager friend received fromGoldman SachsAccording to the fund manager’s inquiry, the “unknown seller” represented by Goldman Sachs is a large-scale venture capital company, and may use a lower price for the early financing of the above-mentioned Chinese concept stocks. Invested.
Why did the “unknown seller” sell off
According to Anderson’s analysis, there are two reasons for the “unknown seller” selling. The first is that the United States has begun to implement the “Foreign Company Accountability Act”, which has caused investors to worry about the increased risk of delisting of China’s concept stocks, hoping to profit from some of their holdings. “Venture investment companies are likely to buy China concept stocks at a price much lower than the current price. Even if the selling price on Friday is 10% discount to the closing price on Thursday, the return is still substantial, especially the rise of China concept stocks in the past year. The momentum is swift and violent,” he said.BaiduIt has increased by 113.7% over the past year,Tencent MusicAn increase of 112.3%,VipshopSoared 120.7%.
Anderson said that another reason for the collapse of Chinese concept stocks is that investors are worried that the United States will raise capital gains taxes. Foreign media reported that after the unprecedented fiscal stimulus, U.S. President Biden is planning the first large-scale federal tax increase in the United States since 1993, which may increase corporate taxes and high-income individual taxes, which will help the infrastructure and other long-term economic follow-up. Plan to provide funding. U.S. Treasury Secretary Yellen has previously stated publicly that raising the capital gains tax is worth studying and is open to this tax increase.
Regarding the above four stocks coming out of the V-shaped reversal within a day, Anderson said that after the oversold, investors believe that there is an opportunity for speculation and therefore attract buying funds.
In addition to Baidu,Tencent Music, Vipshop andIQIYI, Other popular Chinese concept stocks are also affected. The online education sector has become the hardest hit area,Learn fromIt fell sharply by 55% during the session, and still fell 41.6% at the close.Good futureDown 7.4%,New OrientalIt closed down 11.1%. Anderson said that the sharp sell-off of four stocks at midday triggered a chain reaction, and investors had to sell other Chinese concept stocks to cover the four stocks.
HFCAA impact remains to be seen
The SEC issued a statement on March 24, stating that it has passed interim final amendments to implement the Foreign Company Accountability Act (HFCAA) mandated by Congress for information disclosure by listed companies. The Act requires that if foreign issuers fail to meet the requirements of the U.S. Public Company Accounting Oversight Committee for auditing firms for three consecutive years, their securities shall be prohibited from trading in the United States.
Alex Ibrahim, Head of International Capital Markets of the New York Stock Exchange, told media including China Business News on February 11 this year that the NYSE has always been closely related to China, and China’s outstanding companies have attracted the attention of the US capital market. Attention has made U.S. stocks a potential listing place for Chinese companies to raise funds and trade them publicly. “The NYSE hopes to continue to do business with Chinese companies. Looking ahead to the prospects for the listing of China’s concept stocks in 2021 is exciting. There are currently many Chinese companies lining up on the NYSE to list.” He said.
According to statistics from the financial data company Refinitiv, in 2020, Chinese companies will raise US$12 billion in listings in the United States, which is more than three times the amount raised in 2019 and the highest level since 2014.
In December 2020, the U.S. Congress passed HFCAA and was signed by former U.S. President Trump. Ibrahim said in an exclusive interview with a reporter from China Business News shortly after the passage of the bill: “The NYSE has always followed high standards of regulatory requirements and corporate governance. Regulatory upgrades can make investors believe in companies more. Corresponding performance can also be achieved.” He believes that compared with policy changes, investors pay more attention to investment opportunities. “Obviously, American and even global investors hope to participate in China’s economic growth by buying Chinese concept stocks.” He also revealed thatNew crotchIn terms of the amount of funds raised and the number of listings, China is the largest market on the NYSE after the United States.
(Source: China Business News)
(Editor in charge: DF010)
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