Asia Pacific stock market plummeted and South Korea entered a bear market! What happens when the A-share gem falls below 3000 points?

On Thursday, the A-share market continued to adjust. The gem index fell below 3000 points, a new low in the last nine months, and most sectors of the market fell.

While A-Shares fell, the Asia Pacific stock market was not calm.

The stock markets of Japan, South Korea and Hong Kong, China all fell sharply, and the South Korean stock market has entered a “technical bear market” today after a continuous decline.

the A-share market continued to decline

gem fell below 3000 points again

Market data showed that the main A-share market index fell further, and the Shanghai stock index once fell by more than 1%.

The gem index fell below 3000 points, hitting a new low in the last nine months.

in terms of the industry sector, according to the Shenwan industry, the computer sector led the decline, with an intraday decline of more than 4%, and about 30 shares in the intrasector fell by the limit or by more than 10%. The media, household appliances, machinery and equipment also fell on a large scale.

Coal and a few other sectors strengthened against the trend.

In the concept sector, concepts such as digital currency and smart government continued to lead the decline.

While the market fell sharply, northbound funds also sold significantly, with a half day net sales of more than 9 billion yuan.

On the other hand, the performance forecast of 2021 annual report is continuing, and some companies disclose the information of substantial loss in advance.

according to the data, a total of 188 companies disclosed the performance forecast of 2021 annual report last night. If calculated according to the lower limit of the forecast net profit, 53 companies are expected to suffer losses, accounting for about 28%, which is an increase compared with the companies that disclosed the performance forecast a few days ago.

Further statistics show that if calculated according to the lower limit of predicted net profit, among the above 188 companies, 35 companies have an advance loss of more than 100 million yuan, of which 6 companies have an advance loss of more than 1 billion yuan.

Among them, * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) has the highest amount of pre loss. The performance forecast released by the company shows that according to the preliminary calculation of the financial department, the company expects to realize the net profit attributable to the shareholders of the listed company from 5.4 billion yuan to 7.2 billion yuan in 2021, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses from 1.6 billion yuan to 2.1 billion yuan in 2021;

According to the company, the net assets attributable to shareholders of listed companies are expected to be – 5.9 billion yuan to – 7.8 billion yuan by the end of 2021.

As for the main reasons for the huge loss of performance in the current period, * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) said that based on the factors such as Hubei jiutoufeng Natural Gas Co., Ltd. and Canadian advantageous oil company’s plan to use the equity of Abe company to offset the debt to the company, the failure to make substantive progress in the reporting period, the judgment and implementation of various external illegal guarantee cases, and the signs of impairment of various assets at the end of the reporting period, According to the relevant provisions of the accounting standards for business enterprises and the company’s accounting policies and accounting estimates, it is estimated that the provision for impairment of various assets, the expected loss of external guarantee and the loss of liability for breach of contract to be withdrawn during the reporting period of the company will total 5.2 billion to 7.1 billion yuan, including 1.2 billion to 1.4 billion yuan for credit impairment and 1.2 billion to 2.5 billion yuan for external guarantee loss, The estimated loss of contract default is about 2.6 billion yuan, and other impairment reserves are 200 million to 600 million yuan.

In addition, if calculated according to the lower limit of forecast net profit, An Hui Wenergy Company Limited(000543) , Shenzhen Infinova Limited(002528) , Guangdong Bobaolon Co.Ltd(002776) , Beijing Kingee Culture Development Co.Ltd(002721) , Anxin Trust Co.Ltd(600816) advance loss may also exceed 1 billion yuan.

Affected by the news of substantial pre loss of performance, the performance of relevant stocks was different.

* Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , Shenzhen Infinova Limited(002528) etc.

Beijing Kingee Culture Development Co.Ltd(002721) fell more than 9%.

Guangdong Bobaolon Co.Ltd(002776) fell slightly by 3.02%.

Anxin Trust Co.Ltd(600816) rose against the trend and An Hui Wenergy Company Limited(000543) was flat.

Hong Kong stocks also adjusted, and technology stocks and education and training stocks fell sharply

Hong Kong stocks adjusted again, with the Hang Seng index falling more than 2% and the Hang Seng technology index once plummeted 4%.

Hong Kong technology stocks and Internet stocks fell sharply. BiliBili Hong Kong stocks once plunged by more than 10%, and Mingyuan cloud, Alibaba health, Kingdee International, Ruisheng technology, Netease and meituan also fell sharply.

Education and training stocks fell sharply again. Livelihood education plunged more than 20% in the session.

China Education Holdings, Neusoft education, New Oriental online and other stocks plunged more than 10% in the session.

According to the news, recently, the China Association of Private Education issued a proposal on standardizing non disciplinary off campus training, and issued the following suggestions to all non disciplinary off campus training institutions:

I. deeply understand the significance of double reduction and resolutely support the decision and deployment of the Central Committee.

II. Actively give play to the important function of educating people and become a useful supplement to school education.

III. adhere to the original mission of the education industry and adhere to the public welfare attribute of education.

IV. carry out training activities in accordance with laws and regulations, operate in good faith, and eliminate false publicity.

V. avoid blindly introducing capital expansion and resolutely put an end to malicious price increases.

Vi. reasonably control the cost and investment income, and reduce the burden of the masses with high quality and good price.

VII. Disclose the charging scope and project standards, ensure the safety of funds, and refund fees according to the agreement.

VIII. Resolutely resist examination oriented training and effectively promote the healthy growth of students.

the Asia Pacific stock market has entered a sharp adjustment period

the Korean stock market has entered a “technical bear market”

It is worth noting that in addition to a shares, other major stock markets in the Asia Pacific also fell sharply today. Recently, the overall performance of the Asia Pacific stock market is quite weak and in a sharp adjustment cycle.

The Nikkei 225 index of Japan’s stock market reached the 26000 mark this morning, setting a new low for more than a year. It fell by more than 2.5% during the session. The adjustment range of the lowest point in the session compared with the high in 2021 has been about 15%.

The South Korean stock market has fallen even more recently. The South Korean composite index once fell more than 3% in intraday trading today. The index fell for many consecutive days. The intraday lowest point has been adjusted by more than 20% compared with the high level in 2021, and has entered a “technical bear market”.

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