The stock market in the United States has fallen to the lowest point of more than nine

China stocks traded on Wednesday (October 19), which are traded in the United States, fell severely. Due to China's economic prospects, the number of crown diseases in the 20th National Congress of the Communist Party of China increased, and investors' confidence was targeted.

According to Bloomberg, the Nasdaq's Golden Dragon China Index fell 7.1%, creating the largest single -day decline since May 9, making the index's minimum closing level since nine years.

At the same time, the Golden Dragon Index has also erased all the increase since Beijing announced the stability of marketing in March.

Weilai Automobile, Ideal Automobile, Xiaopeng Automobile and Bilibili are the worst stocks performed on the day, with a decline of more than 10%.Chinese technology giants such as Alibaba, JD, and Baidu also fell.

The stock market in mainland China and Hong Kong also closed down overnight. The consumption sector plummeted and the prospects of profitability made the market under pressure.Beijing's new crown diseases have risen to the highest four months, and important economic data such as imports and exports and GDP have failed to release them on schedule. These factors have also exacerbated investors' concerns.The Hang Seng Technology Index fell 4.2%on Wednesday and closed near the record low. Some investors were disappointed with the first policy report of Hong Kong Chief Executive Li Jiachao.

At the same time, the 20th National Congress of the Communist Party of China is still being held, and the new leadership will be announced on the weekend, during which investors are still fragile.According to reports, the offshore RMB fell the next day and touched the lowest point since the launch of the offshore RMB transaction in August 2010.

Bloomberg quoted the investment group manager Louis Lau, the investment group manager of BloomStment, said: "Investors are disappointed that the conference does not give any signals to relax the clearing policy in the future, nor does it promise to be stronger to the real estate industry.Support. "

There are many reasons for the selling of Chinese stocks, including the friction upgrade between Beijing and Washington, and the unpreparedness of the delisting, the implementation of the rectification of the technology industry and other industries, and the decline in the real estate industry of the zero policy.The Golden Dragon Index has fallen from a record high in February 2021 about 75%.

The violent fluctuations of Chinese stocks also attracted short.IHOR DUSANIWSKY, Managing Director of S3 Partners, said that in the past 30 days, the short position of the sector has increased by 6.3%, namely $ 635 million (about S $ 905 million).