The Market Is Waiting For The US Federal Reserve To Rescue &Nbsp, And Investment Psychology Is Stabilizing.

Global stock markets on Monday Plunge The government's nerves are hurting all countries, and emergency measures are urgently needed. Greece and South Korea have taken the "no short sale" measures. The European central bank governor Tyse said the central bank has stepped into the two tier bond market and will continue to do so, while other countries have also been paying close attention to the market trend.

Nevertheless, the rating crisis continues to spread in the global capital market. Yesterday, the Asia Pacific stock market continued to decline, and Hong Kong stocks were the biggest since the 2008 financial crisis. Decline 。 At the time of the press deadline, the European and American stock markets were mixed up.

　　 Bailout Emergency measures

G7's emergency meeting statement still can not save the global stock market, and governments have taken rescue measures in this context.

The Greek securities regulator announced that the short selling of the stock market will be totally banned from the coming two months starting this Tuesday. Greece's ASE composite index plunged 6% to 998.24 on Monday, the first time in 15 years, below 1000.

Meanwhile, after two consecutive trading days in the Korean stock market, the main board and the growth enterprise market have been temporarily suspended for two consecutive days. There is unconfirmed market information, the Korean Financial Services Commission yesterday said in an e-mail statement that it will implement the short selling ban from August 10th to November 9th, which is applicable to the Korean composite index and Kosdaq index constituent stocks, and will temporarily cancel the upper limit of the company's stock repurchase scale.

"Banning short selling" is a common strategy in the 2008 financial crisis. At that time, a similar ban was issued by the United States, Britain, Canada and Germany. South Korea also imposed a ban on short selling in September 2008. The New York Times said in August 9th that the current situation in Europe is similar to that before the fall of Lehman Corp in 2008.

Tyse, the European central bank governor, delivered a rescue speech, saying that the central bank has stepped into the two tier bond market and will continue to do so. The purchase of Italy and Spain bonds will not change the original intention of the central bank's plan. In addition, he said he would urge euro zone governments to implement their commitments as soon as possible and implement the agreement reached at the July 21st emergency summit in Europe.

Other countries also said they are closely monitoring the market trend. Japanese finance minister Noda Kahiko said yesterday that G7 countries will closely monitor the stock market.

Global equity market Easing down

The aftershocks of S & P's downgrading of the US are still there, and the Asia Pacific stock market remains mostly closed yesterday. The most panic is the Hong Kong stock market. The Hong Kong stock market was affected by the surrounding stock market after the opening of the stock market, but it plunged sharply after the closing of the A share. At the end, it fell 5.66% to 19330.7 points, the biggest single day decline since the 2008 financial crisis.

The biggest decline in Korea's stock index yesterday was 9.88%. The second time to take temporary suspension, the Korea composite index ended down 3.64% at 1801.35 points, still the lowest closing position since September 9, 2010.

The Japanese stock market went down for third consecutive trading days. In the early morning, it was panic selling when the overseas stock market plummeted, and the late market fell 1.7% to 8944.48 points, the lowest level since March 15th.

At the same time, the UK's economic data released on Tuesday were far worse than expected. The German stock market once fell more than 6%, and the FT100 index of the UK dropped below 5000 points. As the US stocks opened up and went higher in the morning, the European stock market which had not yet closed down narrowed or fell red.

As the stock market is slowing down, the trend of commodity market has become oscillatory. At the time of the deadline, NYMEX crude oil futures fell back from $81 / barrel to $78 / barrel, and the Asian market fell to a low of 75.72 US dollars / barrel. The gold price of hedge assets rose again, and a record high of $1779 / ounce began to fall, while the US dollar index fell.

The market is waiting for the Federal Reserve to rescue the market.

At present, the market seems to place its last hope on the Fed. The Federal Reserve held a monetary policy meeting yesterday and announced interest rate resolution early this morning.

All signs suggest that the US government will adopt a stabilization policy to inject funds into the short-term money market. Some analysts believe that the US government is talking about taking measures to rebuild its finances and will seek the understanding of all countries.

However, whether the Fed's response can effectively stabilize market confidence is not reliable. After all, the two rounds of quantitative easing monetary policy since the 2008 financial crisis did not make the economy fundamentally improve. If the resolution released by the Fed fails to meet the expectations of the market, then the fragile market confidence will be even more devastating. At that time, the financial market will be one step closer to the real collapse.