Photo by Jp Valery on Unsplash, this article is from WeChat public account: China Fund News (ID: chinafundnews) < / a> , author: Taylor


While more than N measures have been taken in China, good news continues to come from the pneumonia epidemic, and new diagnoses in several provinces showed zero growth on the 23rd. However, it cannot be ignored that many countries around the world are facing the trend of the spread of the new crown epidemic.

Affected by this, Asian stock markets, European and American stock markets have plummeted. On the 24th, the South Korean stock market plummeted by nearly 4%, and the European stock market also lost weight after the opening on the 24th. The German stock market fell by as much as 4% soon after the opening!

U.S. stocks have not been able to avoid it, and at the opening of the evening of the 24th, it once plummeted by 1000 points.

For Chinese investors, although the epidemic is spreading globally and the global markets are taking risks, the A-share GEM and technology stocks are constantly rising.

So will this round of global stock market plunge affect the A-shares that are going “independent”? Let’s take a look.

US stocks plunge

US stocks open, three majorThe stock index opened sharply lower collectively. The Dow Jones Index once fell sharply by 1,000 points at the opening. As of press time, the decline has narrowed.

Among them, Dow Jones fell more than 800 points, down nearly 3%, and Nasdaq fell more than 3%.

Affected by the news of the development of the epidemic, CME Group ’s (Cboe) Volatility Index < span class = "text-remarks" label = "Remarks"> (VIX) once surged about 48% to 23 points. The index is currently up about 34%.

Gregory Faranello, head of US interest rate trading at AmeriVet Securities, said in a research note: “In short, the market was caught off guard today. This is a turbulent and dynamic environment, and anyone should respect the market and be cautious.”

The Pain Report author Jonathan Pain told CNBC that “global stock markets will inevitably be re-priced, reflecting the significant impact of a series of public health events on the economy.” He also said that in the coming months, the adjustment may reach 20% to 25%. %.

According to Zhitong, due to the inability to keep up, Apple’s original low-cost iPhone conference and sale event at the end of March were forced to be postponed. The exact time has not yet been determined. At present, the production capacity of Foxconn and other foundries after resumption is less than half of the previous level, which obviously cannot meet the market demand after listing. Apple Inc. fell more than 4%.

Warren Buffett told CNBC that the negative news, including the new crown pneumonia epidemic, did not affect his view. The stock market is still a good place for many people to make long-term investments. Buffett said that he has no special expertise in coronavirus, but investors looking at the time frame of the next 10-20 years and focusing on the company’s profitability will find that investing in stocks is “a good investment.”

“Over time, we are net buyers of stocks,” Buffett said in an interview on Monday. “Most people should want the market to fall. They should want to buy stocks at a lower price.” < / p>

Because of the recent volatility in the US stock market, Buffett said that he should not make investment decisions based on daily trends.

Buffett said, “You can’t buy or sell your stock based on today’s headlines. If it gives you a chance to buy what you like and you can buy it at a cheaper price, then you are lucky. “

He added, “You can’t predict the market by reading daily newspapers.”

In terms of Chinese stocks, Alibaba fell more than 3%, JD.com fell more than 3.5%, and Pinduoduo fell 3%.

Gold surge

The risk aversion has suddenly heated up, and various risks have pushed up the price of gold. The spot gold opened quickly on Monday at about 1,660 US dollars per ounce. As of now, the highest price has reached 1689.3 US dollars per ounce, which is only a short distance away from 1,700 US dollars per ounce.

Korean stock market plunges nearly 4%

On the 24th of February, the Korea Composite Index fell 2.3% to 2114.04. Then the index fell all the way, the decline expanded to more than 3%. As of the close, the Korea Composite Index fell 3.87% to 2079.03 points, the largest decline in more than 16 months.

South Korea’s President Moon Jae-in and the infectious disease experts jointly held a meeting of chief secretaries to discuss the new crown pneumonia responseProgram. Wen Zaiyin said that the government is focusing on the detection of Daegu Xintiandi believers with most infections. To prevent community infections, authorities need to manage and control all risk factors.

He pointed out that the epidemic would make people feel uneasy, but stressed that it is difficult to defeat people’s will to fight the epidemic, and he called on the people to believe that the country has the power to overcome challenges and overcome difficulties. At the same time, the South Korean government will actively promote policies that can break the current very difficult economic situation.

South Korea to 4 o’clock on the 24th, 833 confirmed cases occurred, 7 died and 22 recovered. More than 70% of the confirmed cases that have surged in the past few days are related to Daegu Xintiandi Church and Daedang Hospital in Cheongdo-gun. The South Korean government raised the crisis level from alert to severe on the 23rd, the first time since the 2009 new flu.

The Deputy Minister of the Ministry of Health and Welfare of the Republic of Korea said that the South Korean government aims to stabilize the situation within 4 weeks, and will actively conduct a blocking campaign. It plans to comprehensively detect more than 28,000 people who have had cold symptoms in Daegu within two weeks.

What is most worrying at the moment is the opportunity for community infections to spread across Korea. The South Korean government closed the building for cleaning for 24 hours as patients diagnosed earlier had attended the conference. At the same time, relevant inspections and anti-epidemic measures against governments, agencies, subway stations and buses have been strengthened. At the same time, various enterprises have also begun measures such as home office.

According to the Yonhap News Agency, people in Daegu and Gyeongsangbuk-do, where the epidemic is severe, sell masks, with a limit of 30 per person. A large number of people came to hear the news, lining up to buy.

According to the news from the Korean health department, as of 16:00 on the 24th local time, 833 people with a new coronavirus infection have been diagnosed in South Korea; a person with a new coronavirus infection treated at the Gyeongbuk University Hospital in South Korea died today as # Korea’s 8th case Death case #. Adding to the 161 new cases counted that morning, South Korea added 231 confirmed cases that day. According to US Army Command in South Korea, a family member of the US Army in Daegu was diagnosed with a new coronavirus.

The Hong Kong Special Administrative Region Government announced on the evening of February 24th that in view of the outbreak of the 2019 crown in South KoreaHealth risks caused by viral disease cases have issued a red outbound warning to South Korea.

A spokesman for the SAR government said: “Because of the continuous and rapid increase in the number of local coronavirus cases in South Korea in 2019 and the frequent exchanges between Hong Kong and South Korea, the government has decided to issue a red outbound travel alert to South Korea based on public health considerations. Travel alerts remind citizens planning to go to South Korea to adjust their itinerary and avoid going to South Korea if not necessary. “

European stocks also plunge

The epidemic situation in Europe is also getting worse. Italy has become the country with the most confirmed cases outside Asia. The Xinhua News Agency reported that the Italian government said on the 23rd that there are currently 152 people confirmed to be infected with the new crown virus in Italy. He was discharged from the hospital. The confirmed cases are mainly concentrated in four regions in the north of the country.

Italy, the third largest economy in the Eurozone, has become the hardest hit area of ​​the new crown pneumonia epidemic in Europe.

As of now, 11 towns in northern Italy have taken measures to close the city, and more than 50,000 people have been required to isolate themselves at home. Affected by the epidemic, the Venice Carnival and many sports events were forced to stop.

Affected by this, European stock markets plummeted on Monday. As of press time, major European stock indexes have continued to dive.

As the locomotive of the European economy, the German stock market tumbled after the market opened on the 24th. The German DAX index once fell more than 4%.

The British stock market and the French stock market also performed dismally, with intraday losses more than 3%. Italy’s FTSE MIB index fell more than 3% intraday.

At present, the Italian government has imposed segregation control on Lombardy and Veneto in the north, and local schools, museums, cinemas, bars and other public places have been closed. These measures have affected the lives of about 50,000 residents.

In addition, Italy has cancelled many large-scale events, including the Italian Football League, the performance of the Milan Opera House, and the annual Venice Carnival.

As a concentrated outbreak of neo-coronary pneumonia cases, these regions account for about 30% of the Italian economy. According to a forecast by the Bank of Italy in December last year, the forecast of Italian GDP growth in 2020 is only 0.5%. Analysis believes that the outbreak of the new crown epidemic will seriously hit Italy’s already fragile economic situation.

It is also reported that Austria, a neighboring country in northern Italy, has suspended cross-border train services with Italy. Out of panic over the spread of the epidemic, some Italian residents began to go to major supermarkets to scan goods, and products such as protective gloves, disinfectant and hand sanitizer were in short supply.

The Prime Minister of Slovakia was admitted to the hospital due to a respiratory infection and a high fever