Everyone is happy when the bear market is defeated.
$HIBISCS (5199.MY)$ (New York, 2nd) According to the latest report from S3 Partners, the Chinese stock market has rebounded significantly after the Chinese government introduced a series of stimulus economic policies. The short sellers have accumulated losses of $6.9 billion (approximately 28.7 billion Malaysian Ringgit) in this market, wiping out the gains of about $3.7 billion so far this year, and resulting in current unrealized losses of about $3.2 billion (approximately 13.3 billion Malaysian Ringgit).
Short sellers are rampant in Malaysia, maybe they will be affected too!![]()
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(Shanghai, 2nd) The Chinese stock market soared, with major bank JPMorgan Chase analyzing that this is just the beginning of a rebound. Retail investors are entering the market, consumer confidence is also strengthening, showing signs of consumption upgrade. Statistics show that Chinese people's budget for 'Golden Week' holidays is increasing, and stock investors are crazily downloading loan platform apps for financing and consumption. Some retail investors even mention that now even going out for a meal requires booking a private room, and even KTVs are fully packed.
The sse composite index has entered a 'technical bull market', it is widely rumored that a Chinese stock investor made 0.52 million RMB (about 0.3 million MYR) in one morning, and even 'earned a house in 3 days', leading to a significant increase in market confidence. According to a report by 'The Paper', recently some retail investors, upon seeing a strong market situation, immediately booked flight tickets and hotels, decided their 'Golden Week' itinerary. Some planned family trips, initially wanting to save money by booking homestays, but with the surge in A-shares, they chose to stay in a hotel with a direct view of the Tokyo Tower, deciding to 'buy, buy, buy' and have a lavish time.
The sse composite index has entered a 'technical bull market', it is widely rumored that a Chinese stock investor made 0.52 million RMB (about 0.3 million MYR) in one morning, and even 'earned a house in 3 days', leading to a significant increase in market confidence. According to a report by 'The Paper', recently some retail investors, upon seeing a strong market situation, immediately booked flight tickets and hotels, decided their 'Golden Week' itinerary. Some planned family trips, initially wanting to save money by booking homestays, but with the surge in A-shares, they chose to stay in a hotel with a direct view of the Tokyo Tower, deciding to 'buy, buy, buy' and have a lavish time.
With the support of the national team, Malaysia hopes its stock market will also prosper!
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Dragon Fish : Msia klci red these few days as more are joining the chinese bandwagon?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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