Late night crash! The stock market in this country plummeted by 12%! The "Black Swan" is approaching
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The "surprise" of the presidential election triggered a stock market crash.
On the evening of October 23rd Beijing time, the Argentine stock market suddenly collapsed, with a decline of 12.44% as of the close. On the news,
there was a very "unexpected" result in the Argentine presidential election: current Argentine Economy Minister Sergio Massa, who was not favored
before the election, unexpectedly became the leading candidate.
The current "US debt crisis" seems to be intensifying. During the European trading session on October 23, the yield of the US 10-year treasury bond
bond once rose to 5.00%, the highest since 2007. At the same time, a "black swan" is approaching the US treasury bond market. The market expects
the Bank of Japan will withdraw from the negative interest rate policy, and the US treasury bond may be "doomed". According to the data of the US
Treasury Department, by the end of August, Japanese investors had held US $1.1 trillion (about 8 trillion yuan) of treasury bond.
In addition, the latest actions of global pharmaceutical giants have also received attention. On October 23rd local time, Swiss pharmaceutical giant
Roche announced that it would invest 7.1 billion US dollars (approximately over 50 billion RMB) to acquire Telavant Holdings, Inc. After the acquisition
is completed, Roche will receive Televant's drug "RVT-3101", betting on the inflammatory bowel disease track.
Late night crash
On the evening of October 23rd Beijing time, the Argentine stock market suddenly experienced a crash after opening. The MERV index, the benchmark
stock index of Argentina, plummeted by 9.5% at the beginning of the trading session, and as of the close, it had fallen by 12.44%.