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on the same day, a shares surged and japanese stocks plummeted.

2024-09-30

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on the last trading day of september, a-shares were in a frenzy. they topped the list of hot searches on weibo. the market was booming and there was a collective explosion!some investors lamented: "today i have witnessed history again!" "i have never seen such a market situation as a stock investor for 10 years." "no need to hesitate, just hold shares for the holidays."

as of the close, the shanghai stock exchange index rose 8.06%, the shenzhen component index rose 10.67%, and the chinext index rose 15.36%. the turnover of shanghai, shenzhen and north cities was 2,611.5 billion yuan. sectors such as big finance, big consumption, and huawei's industrial chain performed particularly strongly, with all brokerage stocks hitting their daily limit; software development, semiconductors, and sub-new stocks continued to be active.

a-shares set 6 new records

on the last trading day before the national day holiday, a-shares set 6 new records:

chinext index's single-day rise hits record highthe historical record rose 15.36% in a single day and 42.12% in five days.

single-day increase of science and technology innovation 50 indexa record single-day rise of 17.88% and a five-day rise of 35.66%

bse 50 index single-day increasea record single-day rise of 22.84% and a five-day rise of 46.86%

shenzhen component index's single-day rise hits record highsince the implementation of the price limit, the record has increased by 10.67% in a single day and 30.26% in five days.

transaction volume in shanghai and shenzhen exceeded 2.59 trillion yuanrecord high

breaking one trillion yuan in 35 minutes after openingrefreshing the fastest trillion-yuan record in history

someone made 520,000 yuan in one morning

according to wind data, the total market value of a-shares jumped from 74.98 trillion yuan to 84.86 trillion yuan in just a few days, which is equivalent to an increase in market value of approximately 10 trillion yuan. if it is distributed equally to each investor, each person will earn almost 47,000 yuan.

someone made over 520,000 yuan early in the morning and excitedly posted on their wechat moments: "really...picking up money!"

japanese stocks suffer "black monday"

after the great "hawk" shigeru ishiba was unexpectedly elected as the new president of the liberal democratic party of japan, the japanese stock market suffered a violent sell-off in the morning of september 30.the nikkei 225 index plunged more than 1,800 points during the session, a drop of more than 4.5%, and the topix index fell 2.7%.

among them, japanese real estate stocks plummeted, with sumitomo real estate development plunging more than 8% and mitsubishi real estate plunging more than 7%. japanese automobile stocks generally fell, with suzuki motor and mazda motor falling nearly 7%, and toyota motor and honda motor falling more than 6%.

as of press time, the nikkei 225's decline has narrowed slightly, but still exceeds 4%.

at the same time, most asia-pacific stock markets were lower, with the msci asia pacific index falling 1%.

according to the news, on september 30, local time, japanese prime minister-elect shigeru ishiba has confirmed that the vote for the japanese house of representatives election will be held on october 27 and the results will be announced. on september 27, local time, voting for the presidential election of the liberal democratic party of japan officially began. in the end, shigeru ishiba won the majority of votes in the second round of voting and was elected as the new president of the liberal democratic party.if nothing unexpected happens, he will be nominated by congress to take over as prime minister on october 1.

the market is worried that ishiba's "hawkish" stance may bring huge uncertainty to the japanese market. it previously publicly supported the bank of japan's policy of steadily raising interest rates and expressed concerns about the depreciation of the yen.

it should be pointed out thatunlike abenomics, which supports loose monetary policy and advocates active expansion of fiscal spending, ishiba supports the return to normalization of monetary policy and takes a positive stance on fiscal consolidation.

barclays analysts naohiko baba and ryuichiro hashimoto said in a report on september 27 that ishiba's victory may signal that the bank of japan's monetary policy normalization process will be supported. reuters quoted analysts as saying that shigeru ishiba's coming to power has cleared an obstacle for the bank of japan to further raise interest rates.

after he was elected as the new president of the liberal democratic party, the japanese yen's exchange rate against the u.s. dollar once surged by more than 370 basis points, rising by more than 1% during the day.

"ishiba's victory will make it easier for the bank of japan to normalize monetary policy. in terms of economic policy, japan is bidding farewell to abenomics," said takeshi minami, chief economist at norinchukou bank.

regarding the fiscal deterioration of japan and its central bank, ishiba also attributed these to abenomics.

meiji yasuda research institute economist kazutaka maeda said that the impact of abenomics will basically disappear, and the bank of japan’s next interest rate hike will come as early as december.

earlier, bank of japan governor kazuo ueda said that if the inflation rate continues to stabilize at its forecast of 2%, the central bank will continue to raise interest rates. but he stressed that the central bank would take time to assess the impact of global economic uncertainty on japan's fragile economic recovery.

in addition to the impact on japan's political arena, japan's economy has also experienced considerable negative effects. according to the latest released data, japan's initial value of industrial output in august fell by 3.3% year-on-year, which was significantly lower than the expected decline of 0.9%; japan's initial value of annual industrial output in august fell by 4.9%, which was also significantly lower than the expected decline. 1.3%, the previous value was 2.9%.

japanese government officials said a drop in auto production in august contributed to the decline in overall output. output from chipmaking equipment also fell due to weak overseas demand.