Cause of the incident: The demonstration started on February 15, 2011 and lasted until the early morning of the 16th. Demonstrators chanted slogans such as "End corruption" and threw rocks and Molotov cocktails; police and government supporters fired rubber bullets in response.

Activists called on people to participate through social networking sites such as Facebook and Twitter, and organizers said they would also launch large-scale protests on the 17th. The 17th is the day to commemorate the fifth anniversary of the death of 18 protesters by the police in Libya. It is expected that other demonstrations will take place on that day.

Gaddafi's supporters shouted various slogans in support of the government

It is reported that the Libyan government and representatives of the Libyan "Abu Salim" prison in 1996 The protest came after negotiations between a committee of the victims' families broke down. That year, hundreds of inmates at the prison were shot and killed by security forces. At present, the government has agreed to compensate, but the committee demands that the suspects be punished.

Other reports say that multiple opposition groups in Libya held protests on the 14th, demanding the resignation of President Muammar Gaddafi and the peaceful transfer of power, which triggered a larger-scale riot.

Videos on the Internet showed protesters calling for broader political and economic reforms in Libya.

A Libyan security official who did not want to be named said that so far, 14 people have been injured in the conflict, including 10 police officers, but the injuries are not serious.

Edit this paragraph After the incident, on February 15, anti-government protests broke out in Benghazi, Libya's second largest city. Many young people shouted "Down with the corrupt elements", and some shouted objections. President Gaddafi's slogan.

Libyan anti-government demonstrators held posters mocking Gaddafi

On February 16, hundreds of Libyan people held a protest in Benghazi, supporting local police and government conflicted.

On February 17, demonstrations broke out in Benghazi and other cities. In the eastern town of Albeida, witnesses said military and police snipers were ambushing people on rooftops, killing many demonstrators.

On February 18, Libyan national television broadcast footage of Gaddafi meeting with his supporters. Government supporters held rallies in the capital and other cities.

On February 19, the situation in Benghazi deteriorated sharply. The Libyan army fired mortars and machine guns at demonstrators. The United States, Britain and other countries issued statements condemning the violent actions of the Libyan government.

On February 20, Qatar’s Al Jazeera TV station stated that Gaddafi had left Libya. Later, Gaddafi's son said his father was still in the country and had the support of the military, and warned that there was a danger of civil war in Libya.

On February 21, according to the Associated Press, demonstrators claimed to have taken control of Benghazi. Anti-government unrest continued to spread, and clashes broke out in the Green Square in the capital Tripoli. Eyewitnesses even said that demonstrators were shot.

[1] On February 24, Chinese citizens were evacuated one after another; the Chinese Navy dispatched the 530 ("Xuzhou") frigate to perform the task of protecting overseas Chinese

[2]

< p>Edit this paragraph Impact of the incident As tensions in the Middle East continued to be tense and the falling US dollar provided support for oil prices, the Asian electronic trading price of New York Mercantile Exchange crude oil futures rose sharply on February 21, 2011. Supported by increasing demand for safe havens, international gold prices also continued their previous upward momentum, with gold futures prices traded on the New York Mercantile Exchange once again reaching a high of $1,400 per ounce.

As of 20:30 on February 21, 2011, Beijing time, the price of light crude oil futures for April delivery on the New York Mercantile Exchange [3] rose 4% to US$93.3 per barrel; the New York Mercantile Exchange Gold futures for April delivery rose 0.99% to $1,402.2 an ounce.

The unrest in Libya continues to escalate, and risk currencies fall rapidly

As the demonstration conflicts in Libya continue to escalate, market risk aversion has increased, and risk currencies, led by the euro, have fallen rapidly from their highs, and the U.S. dollar has The index continued to fluctuate upward.

The turmoil in Libya has impacted the global economy

In the European market on Monday (21st), as the demonstration conflicts in Libya continued to escalate, market risk aversion increased, and risk currencies, led by the euro, They have fallen rapidly from highs, while the U.S. dollar index continues to fluctuate upward.

According to well-known foreign media reports on Monday, a central government building in the Libyan capital Tripoli caught fire, suggesting that tensions in the country have further worsened.

Analysts pointed out that geopolitical tensions in North Africa have escalated again, stimulating market risk aversion and putting pressure on risky currency trends.

The euro led the decline in non-U.S. currencies, falling rapidly against the U.S. dollar from a session high near 1.3700, and hitting a new daily low of 1.3662; other non-U.S. currencies such as the Australian dollar and the British pound all recorded declines to varying degrees.

Earlier, Germany's Ifo business climate index for February rose to 111.2, higher than the expected 110.3; at the same time, the current business conditions and expectations index also exceeded expected levels. In addition, the manufacturing PMI data released earlier for the Eurozone and Germany and France were generally stronger than expected, which brought some improvement to market sentiment. However, in view of the further deterioration of the situation in North Africa, the rebound in Africa and the United States is obviously limited.

The U.S. dollar index continued its upward trend of shock, reaching a new daily high of 77.77. On the daily chart, the U.S. dollar index rebounded after falling for four consecutive days, but this rebound may be a counterattack against the 5-day moving average. The U.S. index needs to regain its previous upward trend line to alleviate short-term downward pressure. [4]

The tense situation caused oil and gold prices to rise sharply

Tensions in Libya caused international oil prices and gold prices to rise sharply on the 21st. Oil prices in the London market exceeded the US$105 per barrel mark, a new high in two and a half years; gold prices exceeded US$1,400 per ounce, a seven-week high.

Protests in Libya have intensified in recent days, and bloody conflicts in various places have caused many deaths. Libya is Africa's third largest oil producer, with daily crude oil exports reaching 1.1 million barrels, and mainly supplies Europe.

It is reported that the unrest has affected 6% of Libya’s crude oil exports. It is reported that oil companies such as Royal Dutch Shell and Italian ENI Energy Group are preparing to withdraw some employees from Libya.

Wintershal, a subsidiary of German BASF, is the only company to confirm that it has stopped production. But executives at other major oil companies privately acknowledged that they were initiating contingency plans to evacuate their entire workforce and shut down production.

Affected by this, international oil prices rose sharply. The U.S. market will be closed on the 21st for Presidents’ Day. London North Sea Brent crude oil futures prices closed at $105.74, up $3.22 from the previous trading day, the highest closing price since September 2008.

Affected by the situation in Libya and increasing global inflationary pressure, a large number of safe-haven buying drove the international gold price to rise sharply. The London spot gold price rose to US$1,407.60 per ounce on the 21st, an increase of 1.3%.