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[Introduction] The Shanghai Stock Index fluctuated and fell by nearly 1%, while Black Mythology Wukong concept stocks broke out against the trend

China Fund News reporter Taylor

Brothers and sisters, today the screen is full of "Black Myth: Wukong"! One hour after the official release, it surpassed "CS2" and topped the list of Steam's most popular games, with more than 1 million players online at the same time.

Combined with the depressed sentiment of the A-share market today and the decline of the three major indexes, Taylor has every reason to suspect that everyone has asked for leave to play games instead of playing A-shares! If Taylor was not too poor to buy a console worth 20,000 or 30,000 yuan, he would have played games live for everyone today.

Let’s review what happened today.

A shares fell

Today, the three major indexes collectively adjusted, and all fell by more than 1% during the session. The Shenzhen Component Index and the ChiNext Index hit new lows. As of the close, the Shanghai Composite Index fell 0.93%, the Shenzhen Component Index fell 1.24%, and the ChiNext Index fell 1.34%.

A total of 669 stocks rose in the market, while 4,591 stocks fell.

Bank stocks remained strong, with the four major banks, namely, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank, continuing to hit record highs.

Cyclical stocks such as coal fell, with Pingmei Group and Shanxi Coal Group falling by more than 6%.

Near the end of the trading day, mysterious funds once again made a frenzy of buying into the CSI 300, and the Shanghai Composite Index narrowed its decline to less than 1%. Many CSI 300 ETFs increased their trading volume in the late trading day, and the trading volume of Huatai-PineBridge CSI 300 ETF, E Fund CSI 300 ETF, Huaxia CSI 300 ETF, and Harvest CSI 300 ETF increased significantly compared with the previous trading day.

Wukong concept stocks exploded

On August 20, the domestic game "Black Myth: Wukong" was officially launched at 10 am, and the number of people online on Steam platform exceeded one million at the same time. Some people call "Black Myth: Wukong" the "Wandering Earth" moment in the gaming industry, and some people regard it as the light of domestic 3A games. 3A games usually refer to works that have invested a lot of time (A lot of time), resources (A lot of resources) and funds (A lot of money). In Chinese, it is "three highs" - high investment, high production, and high expectations.

The story background of "Black Myth: Wukong" is based on the classic novel "Journey to the West". Players will play the role of a "man of destiny" and embark on a journey to the West full of dangers and surprises in order to explore the truth of the legends of the past.

"Black Myth: Wukong" also led to a continued surge in the A-share gaming sector.

All the jokes about the stock market have come out.

Ideal Auto reports the case to the public security authorities

On August 20, the official Weibo account of the Legal Department of Ideal Auto released a statement saying that Ideal Auto has never conducted any business negotiations or cooperation with Yishide (Beijing) Medical Technology Co., Ltd. On July 12, Ideal Auto released a statement through the official Weibo account of the Legal Department to clarify the facts. In response to the online rumors spread by Yishide, Ideal Auto has reported to the police.

The events are as follows:

One day in June 2024, when Mr. Li Xiang was out for dinner, a passerby who claimed to be the owner of an Ideal Auto took a photo with him.

On the evening of June 22, 2024, posters with rumored content such as Ideal Auto and Yishide Company’s AI medical cooperation, as well as photos with Mr. Li Xiang, appeared on various online platforms.

On June 25, 2024, Ideal Auto sent a lawyer's letter to Yishide Company, requiring it to stop the infringement and bear the corresponding legal responsibilities.

On July 3, 2024, Zhou, who claimed to be a staff member of Yishide Company, contacted the legal department of Ideal Auto. During the communication between the two parties on the apology, Zhou proposed a plan to use this incident for marketing hype, which Ideal Auto rejected.

On July 6, 2024, Zhou issued an apology letter with the seal of Yishide Company.

On July 12, 2024, the Legal Department of Ideal Auto issued an official statement to remind consumers not to be deceived.

On August 19, 2024, Ideal Auto discovered that Yishide Company’s "Solemn Statement" appeared on platforms such as Xiaohongshu, Douyin, and Weibo. The content of the statement once again spread rumors that Yishide Company and Ideal Auto would stop all cooperation, ban Ideal Auto, and spread rumors about Mr. Li Xiang’s physical condition.

On August 20, 2024, Ideal Auto reported the case to the public security authorities.

On the 19th, a statement issued by Yishide related to Ideal Auto circulated on social platforms. The statement said that Yishide would terminate all relations with Ideal Auto from now on, and stated that Ideal Auto had deceived it into writing an apology letter and used the apology letter to slander Yishide.