Facing the upcoming opening of the Chinese stock market, all the investors were on edge.
The result of the opening was already predictable.
Even the US stocks had been tumultuous during this period, with the NASDAQ dropping over a thousand points.
But regardless of their mood, on the tenth day of the first lunar month, the market still opened.
During pre-market bidding, countless people desperately wanted to sell their shares because they didn't know how long this situation would last, and most families needed the money.
And so, when the pre-market bidding ended, the Chinese stock market had already crashed.
Fortunately, the circuit breaker policy from 2016 was canceled after just a few days, otherwise the market would have hit the breaker as soon as it opened.
Ultimately, half an hour after the market opened, the Shanghai Index plummeted by 8.7%, and the Shenzhen Index fell by 9.2%, with nearly 3,200 stocks hitting the limit down across both markets.
