Breaking news, China's A-shares index is manipulated today…
According to rumors, a stock market crash occurred in the mainland China's A-share market today, with over 4,400 stocks falling more than 5% by the close.
However, what is puzzling is that the market index opened at around 3,395 points, and despite the steep decline of over 4,400 stocks, the overall index only dropped by 0.01%, closing at 3,393 points.
Only a little over 500 stocks gained in this market, accounting for 10% of the market.
In summary, according to Liangbo Yaya's analysis, the impact of the crash of 4,400 stocks on the overall index is negligible. It is sufficient to determine that even if these 4,400 stocks were directly delisted, it would have no effect on the market.
Final conclusion: Today, the China Banking and Insurance Regulatory Commission required stability in the stock market and housing prices, and the manipulation of the overall index today aims to assist the Commission in completing its paper-based stabilization task.
Financial consumers in China's stock market are the most sharing citizens in the world, which is something worth learning from by people all over the world. I want to give a big thumbs up to Chinese stock investors.
