Last night, many people left comments to criticize the women's basketball team. I went to check it out later and it was indeed a bit frustrating that they lost. They were 5 points ahead in the last minute of regular time but were tied. They were 3 points behind in the last minute of overtime and chose to play a 2-pointer inside, and then accepted the result of losing the game. I felt that the coach was slow to react and was not in good condition. As for the athletes, I think they all tried their best.
In fact, among the Chinese athletes yesterday, the one who really lost a lot of points was Qin Haiyang in the 100-meter breaststroke final. The 25-year-old new breaststroke champion won the 50-meter, 100-meter, and 200-meter championships at the World Championships last year and was highly expected. He ranked first in the first 50 meters of this final, but collapsed in the last 50 meters and dropped to seventh place, which puzzled the audience.
The final time was 59.5 seconds, 1.8 seconds slower than his winning time at last year's World Championships (57.69 seconds). 1.8 seconds slower in a 100-meter race is ridiculous, it's almost like the difference between two athletes of different levels, I don't understand.
In addition, the match between the United States and Serbia yesterday was very exciting. Durant and James both played at a very high level, especially Durant, who played for 8 minutes and made 8 of 8 shots, including 5 three-pointers, and scored 21 points, as accurate as if he had turned on a self-aim cheat. I have watched basketball for 30 years, and Durant is the best player I have ever seen under FIBA rules. No one can be as good as him, not even Jordan. If our Chinese team adds Durant, we will definitely be in the top 8 in the world, and we can also fight for the top 4.
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Today's A-shares...are lackluster, with a trading volume less than 600 billion, and a median drop of 0.12%. Foreign capital flowing to the north has sold another 5 billion. If we only calculate in 2024, foreign capital is almost turning into a net outflow from A-shares.
I heard a rumor that the release of northbound data will be further restricted after mid-August. It may be because they think this is more negative and do not want the continued outflow of foreign capital to undermine people's confidence in A-shares. This reminds me of Mr. Fei Xiang's famous line, ah ah ah ah ah, um um um um.
The A-shares are really at a loss right now. Last night, a reader asked me what measures I would take to save the market if I became the chairman of the China Securities Regulatory Commission. To be honest, I can't save it at all. The regulatory authorities have already implemented all the ideas I can think of. The biggest problem now is that market confidence has entered a negative spiral, which cannot be reversed by administrative power. The biggest positive thing before was that the stamp duty was halved, but the result was a big negative bar after opening high and closing low. What else can you do...
Now we can only wait patiently for the market to build a bottom of confidence, maybe three to five months, maybe several years, this mysterious thing no one has a timetable. I have experienced two bear markets, so my mentality is relatively calm, but many readers have said that they can't stand it and have withdrawn. I will not persuade them, and I can't bear such a big responsibility. I can only wish them all the best in the future.
1. WuXi AppTec's net profit in the first half of the year was 4.239 billion, down 20% year-on-year, and its operating income also fell 8.6%. This performance is a small thunder, but it is not very surprising. WuXi's performance decline is inevitable. Their real thunder is still the US sanctions. Although they have escaped for the time being, there may be proposals from congressmen in the future. The problem is that it is in the pharmaceutical outsourcing industry. If it decouples from the US business, it cannot find a suitable alternative, so it can only wait even though it knows that the danger is approaching.
2. According to media reports, robotaxi may be available in Shanghai in August. At present, the only concept that A-shares can show off is driverless cars, which have been rising recently. This is a story that can be told for a long time, which provides continuity for speculation. The few hot money in A-shares are all pouring in. The public transportation has risen three times in 20 days, which is out of the ordinary. If it were in the past, the package of suspension of trading and self-examination + regulatory letter would have been issued long ago, but now A-shares are sluggish, and the regulatory attitude towards this kind of speculation is gradually opening up.
3. The Shanghai Composite Total Return Index was launched today, and it started at 3,200 points. The difference between it and the Shanghai Composite Index is that it also takes into account the dividends of listed companies, which is 2% per year, and 20% in 10 years. There is no need to worry about being trapped below 3,000 points. However, this is a derivative index and cannot replace the position of the Shanghai Composite Index in mainstream market software.
4. Moutai is on the hot list today, because the stock price fell again, hitting a new low. In addition to Moutai, Wuliangye and Laojiao also performed poorly. The main decline of liquor has not ended yet, and more and more institutions are unable to bear the loss, and the group can no longer hold on. Those who hold liquor should be mentally prepared. In this round of bad conditions, Moutai may fall to 1100-1200. As for falling below 1000, I think the probability is small.
5. Fuyao Glass announced its first half financial report, with a net profit of 3.5 billion, a year-on-year increase of 23.35%. It plunged 5% today. The announcement of the performance is probably to stabilize the confidence of the institutions inside. Fuyao’s troubles in the United States have been written about last night. There is considerable uncertainty, but I feel that Fuyao has a high probability of passing this time. As a factory that provides more than 2,000 jobs locally, if it is hit by judicial crackdowns, who will be willing to open a factory in the United States in the future?