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[Continuous update] Fed unlimited QE U.S. stock market ride on the roller coaster, the Dow loses 19,000 points

2020-03-23T20:27:32.721Z


The Hang Seng Index gap opened 1,100 points lower, and the rebound was limited throughout the day. It failed to recover the 22,000 point mark, and the market lowered again. Other stock markets in the Asia-Pacific region generally fell. The Thai stock market intervened more than 7%. The Indian stock market melted for a time.


Financial news

Written by: Zhai Ziqian, Xu Shihao

2020-03-23 ​​23:00

Last updated: 2020-03-24 04:20

The Hang Seng Index gap opened 1,100 points lower, and the rebound was limited throughout the day. It failed to recover the 22,000 point mark, and the market lowered again. Other stock markets in the Asia-Pacific region generally fell. The Thai stock market intervened by more than 7%. The Indian stock market melted for a while, but the Japanese stock market rose 2% to outperform the outside world.

[04:05] Fed unlimited QE U.S. stock market ride on the roller coaster, the Dow misses 19,000 points

[01:40] The Dow drops more than 400 points

The decline in the Dow Index expanded further, with the latest report at 18696.65 points, down 477.33 points or 2.49%.

[01:25] European stock markets fall

European stock markets fell, the British FTSE 100 index closed at 4993 points, down 196 points; the French CAC index closed at 3914 points, down 134 points; the German DAX index closed at 8741 points, down 187 points.

[01:09] Dow's midday decline narrows

The U.S. Federal Reserve announced on March 23 that it will buy U.S. Treasuries and mortgage-backed securities (MBS) without caps and on demand, but the news failed to provide a significant boost to the market, and US stocks plummeted in the early stages. U.S. Senate Minority Leader Chuck Schumer said he expected the Senate to come very close to an agreement on a stimulus package for the new Coronavirus Pneumonia (COVID-19) epidemic; the three major indexes narrowed their declines, the Dow reported 18937.55 Points, down 236.43 points or 1.23%; the Nasdaq was reported at 6924.42 points, up 40.90 points or 0.59%; the benchmark index was at 2278.25 points, down 26.67 points or 1.16%.

[00:58] US stocks repeat Dow to stop falling

The performance of U.S. stocks has been repeated. The Dow Jones Industrial Average has repeatedly risen after falling more than 900 points, and the latest reported 18,982 points fell 191 points or 1%. The Nasdaq index rose to 6920 points, up 41 points or 0.59%. The S & P 500 index was reported to 2272. Points, down 32 points or 1.41%.

[23:40] The Dow drops more than 800 points

The Dow's decline expanded, with the latest reported at 18356.37 points, down 817.61 points or 4.26%.

[22:58] The Dow drops more than 500 points

The three major U.S. stock indexes fell, the Dow fell more than 500 points, the latest fell 524 points or 2.7% to 18649 points; the Nasdaq fell 1.3% or 91 points; reported 6788 points; the S & P fell 61 points or nearly 3% to 2243 point.

The Hang Seng Index ’s night-time gain continued to narrow, with the latest gain of 364 points at 21,860 points and a high of 164 points.

[22:40] Narrow rise at night

The Nasdaq once fell 0.5%, then rebounded quickly, and then rose by nearly 0.4% again; at 6,900 points; the Dow fell to about 300 points, the latest reported 18941 points, down 232 points or 1.2%; the S & P fell 1%.

The Hang Seng Index ’s nightly contraction narrowed, with the latest gain of 463 points at 21,959 and a high of 263 points.

[22:12] Dow regains 19,000 points

The Dow's decline narrowed again, regaining the 19,000-point mark, and last reported at 19001, down 172 points or 1%; the Nasdaq rose 0.6%; the S & P fell nearly 0.9%.

[21:57] Nasdaq turns to rise

The decline in US stocks narrowed, and the Nasdaq turned to an uptrend. It recently rose 10 points to 6,890, while the Dow fell 1%; the S & P fell 1.1%.

[21:35] European stocks decline

The decline in European stock markets has expanded again. The British FTSE index last reported at 5,084 points, down 108 points or 2.1%. The German DAX index was last reported at 8796 points, down 132 points or 1.4%. The French CAC index was last reported at 3994 points, down 57 points or 1.4%.

The Hang Seng Index narrowed its nightly gain to 484 points, 284 points high.

[21:35] Dow's decline widens

The Dow fell further, with the latest drop of 556 points or 3% to 18617; the Nasdaq fell 1.6%; the S & P fell nearly 3%, erasing all gains since the inauguration of US President Trump.

U.S. technology stocks developed individually. Apple fell 3%, market value fell below the $ 1 trillion mark, Amazon fell 0.43%; Netflix rose 5.6%, Facebook rose 0.2%, and Google's parent Alphabet rose 0.89%.

SoftBank announces sale of up to 4.5 trillion yen (approximately 318 billion Hong Kong dollars) in assets, including the sale of Alibaba's shares, Alibaba fell more than 3% in the US market under pressure

[21:31] Early Dow drops 361 points

The U.S. stock market continued the previous day's decline. The Dow recently reported 18,812 points, down 361 points; the S & P index last reported 2267 points, down 37 points, and the Nasdaq fell 65 points to 6,834 points.

[20:55] The HSI overnight rose more than a thousand points

The Fed flooded the market again, stimulating a sharp rise in U.S. stock futures, and the HSI overnight rose more than 1,000 points. The latest report was 22398 points, up 902 points and 702 points high.

[20:50] European stock markets decline narrowed

European stock markets narrowed their declines. The UK's FTSE index was last reported at 5,098 points, down 94 points or 1.8%. The German DAX index was last reported at 8986 points, down 32 points or 0.36%. The French CAC index was reported at 4016, down 31 points or 0.8%. The Italian FTSE MIB index last reported 15582 points, down 149 points or 0.95%, and the Spanish IBEX index last reported 6340 points, down 100 points or 1.6%.

[20:31] The Federal Reserve buys government bonds indefinitely

The Fed announced that it would siphon water to businesses and local governments while expanding its debt-buying program, including the establishment of three new borrowing facilities, to provide the market with US $ 300 billion in debt.

The Fed also stated that it will buy an unlimited amount of long-term treasury bonds and real estate mortgage bonds.

On behalf of the Federal Reserve Board, the Bank of New York will buy US $ 75 billion in Treasury bonds and US $ 50 billion in mortgage-backed bonds at reasonable prices every day. It also stated that it will be the first to purchase commercial mortgage-backed bonds from the market.

[20:22] U.S. futures rose to more than 600 points

The Dow futures expanded, with the latest report at 19658 points, up 618 points or 3.3%, the S & P futures report at 2365 points, up 76 points or 3.4%, and the Nasdaq futures rose 295 points or 4.2%, and last reported at 7264 points.

[20:16] US stock index futures rebound, Hong Kong stocks rebound at night

The Federal Reserve announced a series of new plans to rescue the market, including open asset purchases. U.S. stock futures index fell and rebounded, and the three major index futures rose temporarily by more than 1%.

At the same time, the Hong Kong stock market also rebounded at night, rising to 582 points or 3.71% at 22,078 points, and 382 points high.

[18:35] US stock futures decline narrowed

The latest Dow futures were reported at 18,597 points, down 443 points or 2.3%, the S & P futures were last reported at 2,234.75 points, down 53 points or 2.3%, and the Nasdaq futures were last reported at 6,840 points, down 128 points or 1.8%.

[18:10] European stocks still down, UK stocks fall more than 4%

In terms of European stock markets, the British FTSE index was last reported at 4961 points, down 229 points or 4.4%, the German DAX index was last reported at 8998 points, down 322 points or 3.6%, and the French CAC index was last reported at 3906 points, down 142 points or 3.5%. Italy's FTSE MIB index last reported at 15,369 points, down 362 points or 2.3%.

[17:54] Dow futures down 542 points

The latest Dow futures were down 542 points or 2.85% at 18,498 points, the S & P futures were last reported at 2,223.62 points, down 64.88 points or 2.84%, and the Nasdaq futures were last reported at 6,804 points, down 165 points or 2.37%.

[17:17] Dow futures fall less than 700 points

The latest Dow futures were reported at 18,361 points, down 679 points or 3.57%, the S & P futures were last reported at 2211.75 points, down 76.75 points or 3.35%, and the Nasdaq futures were last reported at 6767.75 points, down 192.25 points or 2.76%.

[17:15] HSI rebounds slightly at night

After the Hang Seng Index closed, the decline in the futures market expanded, and the market closed 200 points lower. The night market opened at 21497 points, up 1 point. At the beginning of the opening period, it was pumped 80 points to 21576 points and 120 points low.

[16:00] All major European stock markets are in red

The British FTSE 100 index fell 4.6%; the German DAX index fell 4.7%; the Italian MIB FTSE index fell 4.2%.

European stock market

Source: hk1

All news articles on 2020-03-23

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