over oh my God it's skyrocketing a bull market I'm getting rich this kind of Market is a once in a-lifetime opportunity and I'm managed to catch it investors who were celebrating the market surge with tears of joy the day before could never have predicted that next day they would face a market crash that completely changed the tone who could have imagined this yesterday it was a bull market I made 90,000 Yen but today I lost 140,000 Yen including both principal and profit all the stocks I held hit their daily limit down my small account with six stocks all of them hit the limit down today I'm shaking from the losses if I had known this would happen today I would never have bought it at the end of the day yesterday I would have sold everything last night and stayed away I imagined a thousand different outcomes but I never thought it would drop 5,000 points and that over 4,000 stocks would fall more than 10% I never expected that all my stocks would hit the limit down and I wouldn't be able to sell I'm clearing my positions tomorrow I'm done with this this is my second day trading stocks it's now 300 p. m. on October 9th and the market has closed I've lost 56,000 Yuan I believed what dalan said so I went all in on stocks and now I've ended up with this the problem is even if I want to sell now I can't I even tried to buy the dip today with another 100,000 Yuan but the more tra the more it dropped and weren't they supposed to revitalize the market where's the intervention and what happened to the Shanghai Composite Index it was over 3,400 when I last checked and now it's down to 3,258 I have no idea what to do anymore can someone show me a way out today is the worst day in my entire investment history my personal account lost 35,000 Yen and the 300,000 Yen I invested Ed in ETFs lost 47,000 combined I've lost over 80,000 yen oh my God on Chinese video platforms it's easy to find stories of investors losing hundreds of thousands today I looked and saw I've lost 1.
2 million un I'm numb from the losses this Market is so unfriendly to new investors out of 5,000 stocks more than 4,000 dropped with losses of over 5% I thought there might be a correct on the 10th or 11th so my plan was to cash out with a profit on the 8th or 9th after making 1,000 but I didn't expect the correction to come early and hit this hard many Chinese investors once cheering for the booming stock market and hopeful for China's bright economic future have now seen their optimism shattered they went from this to this with this wave out with the old and in with the new new investors are now becoming old ones those who were finally freed from losses yesterday are now stuck again today losing 1. 87 million Yuan I have two pieces of news the good news is I made over 10,000 Yuan on my semiconductor stocks the bad news is my other stocks have tanked such a familiar feeling this latest stock market surge was triggered by a series of monetary policies rolled out by the Chinese Communist Party CCP offering a glimmer of hope to investors in the market economy around September 26th the Chinese government introduced a thre pron strategy to stimulate the economy this included the central bank's announcements of Reserve requirement Cuts interest rate reductions and lowering rates on existing mortgages the government also provided loans to investors and companies repur purchasing stocks creating the impression that it was fully committed to boosting the economy Additionally the ccp's poit bureau meeting promised unspecified fiscal measures during the meeting the CCP acknowledged that China's economy faces many new challenges the meeting also emphasized the need to curb the ongoing downturn in real estate market and achieved the goal of stopping the decline and stabilizing this gave many hope that the properties they were holding on to to might still recover in value on the same day Reuters published an exclusive report citing sources that said the Ministry of Finance plans to issue 2 trillion yen approximately $ 285. 0 billion US in special Sovereign bonds of this 1 trillion yen will be used to subsidize the renewal of consumer goods and large commercial equipment as well as provide families with two or more children a monthly allowance of 800 Yen approximately $114 us per child as these policies were rolled out China signaled upcoming Market benefits on the evening of September 26 citic security stated that beijing's comprehensive policies were sending positive signals suggesting that more targeted and effective growth measures could be expected fueled by these policies and sentiments China's stock market saw an unusual re bound despite the Bleak economic backdrop with many Chinese citizens seemingly brainwashed into believing this recovery foreign institutions also appear optimistic about the stock market's rise Goldman Sach mentioned in a report that hedge funds were racing to buy Chinese stocks with September 24th seeing the largest single day net purchase since March 2021 and the second highest level in nearly a decade meanwhile Bank Bank of America strategist Winnie woo pointed out that this was the first time the Chinese government encouraged leveraging investments in the stock market and under the influence of Leverage there could still be significant room for growth veteran investors along with new ones looking to make money were all in with their savings chanting that China's economy is on the rise that China has defeated the United States because while the US lowered interest rates China's stock market has entered a bull market in the video a 91-year-old investor who appeared to have fully bought into the narrative said what does this stock market boom mean it signals that our country will become the world's number one power if thousands of stocks hit their limit up it's like the government is indirectly giving money to the people stimulating consumption and driving our domestic economy from now on our country won't rely as much on exports and foreign trade meanwhile the US will face more severe manua deine and our nation will only grow stronger as praise for the market was still echoing the stock market began to plummet on the second day of trading after the holiday at this point the Chinese authorities shifted their tone and the promised substantial monetary policies turn out to be empty words on October the 8th following a drop in the stocks of the Chinese companies listed in the US the national development and Reform Commission ndrc held a press conference at the event ndrc director Jin shanier set China's annual economic growth Target at around 5% however he also admitted that the economy is facing difficulties and the global environment is become increasingly complex and extreme the purpose of this meeting was to defend the authorities recent implementation of a series of incremental policies including monetary measures additionally ndrc deputy director Jo unexpectedly became the focus of the meeting when a reuter's reporter asked whether there was an estimated scale for this policy package and whether the 5% economic growth Target for the year could be achieved as well as if the current deflationary pressures would ease J's response was vague simply stating director Jen has already mentioned many key points and director Jen has thoroughly explained these matters as long as you focus on the core points he mentioned mened it will help you understand the incremental policy package I believe director Jen's message is very clear apart from repeatedly referencing director Jin jiao's answers lacked substance some Chinese netizens mocked jiao's responses saying that everyone should learn to speak like ja delivering seemingly logical and confident statements that in reality say nothing this communication skill is deemed highly practical in Chinese officialdom however the public public had hoped for further measures to stimulate the economy after the press conference but now it was clear that no new policies or initiatives were introduced leaving everyone disappointed some netizens believe that this is far from a full-fledged effort by the CCP to save the economy and the current state of the stock market reflects the inadequacy of previous fiscal policies investors who trusted the ccp's promises are now left to Bear the losses themselves in previous programs it was mentioned that this abnormal bull market was orchestrated by the CCP for two purposes first to Target the 147 trillion yen in savings held by the public enticing These funds into real estate and stock markets to extend the regime survival second to fulfill promises made to companies and capital interests helping them cash out and exit the market evidence suggests that they speculations were correct in addition to the previous reports about 146 a share companies reducing their Holdings major funds also began exiting the market on October the 8th while a shares surged in the afternoon both the Shanghai and shinen markets saw a significant outflow of main funds with a net outflow of on October the 8th 404 stocks saw main funds outflowing more than 1 billion yen each the top three were East money and Chan automobile each seeing outflows exceeding 2 billion yen additionally stocks such as Vani a China yenti power and quol maai and hick Vision also saw net outflows of over 1 billion yen each among popular industry leading liquor Brands faced heavy sell-offs by Major funds with amounts reaching 2 billion yen for w year 1.
4 billion y for Ma and 892 million yen for l in the passenger car sector Chan automobile saw outflows of over 2 billion yen sis experienced 1.
