Affected by the state's rectification of the education and training industry, New Oriental, Gaotu and Haohao, which are listed in the US stock market, will fall by 60% in the next Friday night, and large funds will flee regardless.
In the panic, almost all China stocks fell sharply.
Under the conduction effect, the depth of A shares is adjusted!
This sentiment was quickly transmitted to A shares on July 26th, that is, Monday. On that day, the Shanghai Composite Index fell more than 125 points in intraday trading, closing down 83 points, or 2.34%. The Shenzhen Stock Exchange Index and the Growth Enterprise Market Index fell by 2.65% and 2.84% respectively.
On that day, the main sectors of the stock market were liquor, medical beauty, medical care, education and other industries.
There is no doubt that the education industry has no controversial limit for leading public education. Aimeike, Huaxi Bio and Haohaishengke, the "three giants of medical beauty" with infinite scenery, plunged about 15%, 18% and 10% respectively in the first half of the year!
In terms of liquor, Kweichow Moutai fell by 5% and Wuliangye fell by 8%; In terms of medical care, Tongce medical care is limited, and Aier ophthalmology plummeted by more than 10%.
The collapse of liquor, medical funds and other heavyweights means that the big funds in the A-share market are fleeing.
Most sectors fell that day, and only industries such as semiconductors and lithium batteries performed well.
Generally speaking, after the A-shares plunged in the previous trading day, they often fell the next day, and there will be a slight rebound or a slight decline. However, at two o'clock in the afternoon on July 27th, the stock market plunged again. At the close, the Shanghai Composite Index fell 2.49%, the Shenzhen Component Index fell 3.67%, and the Growth Enterprise Market Index fell 4. 1 1%.
In just two days, A shares evaporated by 4 trillion market value!
Plate, salt lake lithium extraction, photovoltaic building integration, solid-state batteries and other concepts. That is, lithium batteries and photovoltaics are two booming industries.
In the last two months, semiconductors, lithium batteries and photovoltaics are well-deserved three major track industries, which are highly sought after by funds and have gained a lot. With the collapse of photovoltaic and lithium batteries, it is difficult for semiconductors to be immune. On the afternoon of the 27th, the continuous surge of semiconductors also fell sharply, barely closing red.
If you look at the daily chart, this is a high hammer line and a strong peak signal.
Therefore, the stock market in these two days is basically like this: on the 26 th, except for photovoltaics, lithium batteries and semiconductors, almost all sectors are falling; On the 27th, photovoltaics, lithium batteries and semiconductors also joined the crash camp, and all the A-share hot spots fell.
Hong kong stocks fell more than a shares.
In fact, before two o'clock in the afternoon on the 27th, A shares went smoothly, and the rapid decline in the late session was largely brought by Hong Kong stocks.
Hong Kong stocks on the 27th can be described as "the collapse of large technology companies". The Hang Seng Science and Technology Index was the hardest hit, falling by 7.97%.
In terms of individual stocks, Meituan fell over 17%, Netease fell over 13%, Didi fell over 1 1%, Tencent Holdings fell over 8% and Alibaba fell over 6%.
Among them, Meituan suffered the worst decline because of a news.
On July 26th, the General Administration of Market Supervision and other seven departments jointly issued a document on the maintenance of food delivery personnel, which put forward requirements for the online catering platform from seven aspects: ensuring labor income, ensuring labor safety, maintaining food safety, improving social security, optimizing working environment, strengthening organizational construction and resolving contradictions.
The document mentioned that the platform should not take the most stringent algorithm as the assessment requirement for take-away, and urge the platform and third-party cooperation units to participate in social insurance for take-away food delivery personnel who establish labor relations.
Meituan relies on algorithms to make money, and the provisions of the document will undoubtedly affect the profits of Meituan. Increasing the social insurance expenditure of take-away food delivery staff will greatly impact the business model of the take-away platform, so it is not surprising that Meituan's share price plummeted.
For other companies, first, Tencent Music was ordered to cancel the exclusive copyright of online music, and second, WeChat suspended the registration of new user accounts in early August. This also triggered the fund's selling of Penguin shares.
Under the background of anti-monopoly investigation, almost all Internet platform companies have been affected, and their share prices have plummeted.
At present, Internet platform companies, no matter how brilliant their performance is and how fast their growth rate is, will face the biggest logic of anti-monopoly and strengthening supervision, and their share prices will form a trend decline.
What matters now is the valuation. After being influenced by strengthened supervision, the next Internet giant may have to face "killing performance".
No matter how bullish the company is, it is not easy to enter the market once a short-selling trend is formed. Kweichow Moutai is the best A-share company, right? It fell by 5% on the 26th and by 5% on the 27th. Just make a few mistakes, and your principal will lose a lot.
Investment direction under the triple opening
Both the anti-monopoly of the Internet and the supervision of the extracurricular education and training industry are closely related to the current population situation.
Under the conditions of "996", "involution" and high cost of living, contemporary young people are unwilling to have children or even interested in getting married. At present, couples who have the will and financial strength to have multiple births are often couples who are 35 or even 40 years old, but their physical conditions have made it difficult to have more children.
On the one hand, young people's desire to have children is suppressed. On the other hand, in recent years, education, internet, real estate, finance, liquor, medical beauty, medicine and other industries have made considerable profits.
Needless to say, the education industry, parents spend thousands to hundreds of thousands of tuition fees for their children every year;
All kinds of games developed by online platform companies induce children to spend money, and children with poor self-control neglect their studies, which makes parents very headache.
In the medical and beauty industry, the profits are too huge. The gross profit margin of some products of a leading medical and beauty enterprise is as high as 99%, killing Kweichow Moutai. Some women are reluctant to eat and drink and donate all their money to plastic surgery institutions.
As for real estate, the biggest industry, after years of rising house prices, developers have eaten up all the bonuses, and countless families often have to empty their "six wallets" to pay the down payment.
In the face of practical problems, the state has been reducing the burden on the people through a series of measures in recent years, such as centralized procurement of drugs, which has greatly reduced the price of drugs; Set up "three red lines" for real estate developers to limit their aggressive expansion with high leverage; For banks, strictly control the mortgage ratio of major small and medium-sized banks.
Expensive medical treatment and high housing prices seriously inhibit consumption and fertility. Only by reducing the profits of these industries and benefiting the people can we fundamentally solve the problem that people are unwilling to have children.
In this context, it is clear to all that it is best not to touch stocks in any industry.
Ren Zeping, a famous economist, recently said, What is the general trend? It is to reduce the profits and monopolies of real estate, finance, education and the Internet in the past, and the resulting long-term squeeze and cost on people's livelihood and the real economy, and vigorously develop manufacturing, hard technology, the real economy, new energy and capital markets.
Therefore, when the stocks of education, real estate and other industries keep falling, the semiconductor, lithium battery, photovoltaic and other industries, which symbolize manufacturing and hard technology, are rising all the way.
However, due to the excessive short-term increase, all three tracks have taken profits, and today they have not been spared the plunge.
After full adjustment, these three industries may be able to ride the wind and waves again.
These days, the big waves in the capital market have fully proved one sentence: stock trading must follow the policy!