A large number of retail investors crowded into the Asian stock market to accumulate risks

The new crown epidemic caused the stock price to plummet, and a large number of amateur investors entered the market to “undercut”, which caused professional concerns. According to a Bloomberg report on the 28th, a large number of retail investors entered the market due to fear of missing the surging Asian stock market, and the number of trading account openings reached a new high. Although economic fundamentals have been frustrated, stocks have risen from India to Thailand due to the large number of amateur investors entering the market.

Bloomberg said that the Japanese Growth Enterprise Market Index rose sharply in the epidemic. Since April, among the 320 companies on the GEM, except for 7, the stock prices of the other companies have all risen. Among them, the stock prices of Agnes and PrecisionSys⁃temScience, two companies related to vaccine and virus testing, surged by 228% and 509% respectively. A senior trader in Japan said that as long as there are stocks related to the outbreak in the report, retail investors will buy and make profits the next day.

According to reports, from February to April, the number of Japanese personal online accounts exceeded 820,000, more than double the same period in 2019. According to market analysts, a large number of investors have entered the stock market due to factors such as the promotion of tax-free investment accounts and the Bank of Japan’s support for the purchase of exchange-traded funds (ETFs). A survey of more than 30,000 new investors in Japan found that only 0.1% of people have considered exiting the stock market because of losses, and nearly 60% are satisfied with their investment or hope to invest more actively.

Relying on retail investors, the Singapore stock market is out of the bear market. Bloomberg said that the person in charge of the investment center of Singapore Phillip Securities said that people had nothing to do at home during the epidemic and opened trading accounts one after another. Some people were burdened with heavy debt and leverage to buy more stocks. Singapore wealth management consulting firm 360F said that more and more people have opened their first investment accounts due to fear of losing the opportunity to buy at low prices.

The same story is also staged in the Philippines and India. Bloomberg said that since March, the number of new accounts in India has increased by 1.8 million. At the same time, South Korean retail investors are borrowing money to buy stocks. Investment company Fidelity International said that if everyone buys the same stocks, these stocks will likely face a lot of selling pressure, and the current stock market complacency is worrying.

“The traditional folk dance of the Munich region originated from the Great Plague in the Middle Ages.” German folk culture scholar Stocker told the “Global Times” reporter that it is said that the black death disease that engulfed Europe came to Munich in 1517. Many people lost their lives. After the plague, people still hid at home to avoid the epidemic, and the city was dead. At this time, the barrel hooters appeared on the street, they danced happily, brought new vitality to the city, and gave the citizens the courage to be reborn.

Beginning in 1760, the Bavarian hoop barrelmaker held a performance in the city center every 7 years. It usually starts on the “Three Kings Festival” on January 6th and continues until the end of the carnival. Most of the performers come from the Munich Hooper Association. At first, only the unmarried and well-respected young hoop hoop dancers could dance. After the middle of the last century, age and occupation were no longer strictly restricted.

There are more than 20 hoop drummers dancing. The characters are divided into collar dance, group dance, clown, drummer, etc. They hold green branches in their hands, wear black leather pants, red jackets, wear white socks, black leather shoes, and wear green hats. The hat also has blue and white feathers symbolizing Bavaria. The key to dance is a variety of formations. Each formation has a certain meaning: the snake shape represents the snake that brought the plague, the semicircle represents “dare not to leave home”, the cross is a symbol of hope and faith, and the circle represents that things have changed.

During the dance, the clown will shuttle through the audience to laugh, and will also give everyone a small bottle of liqueur, or smear the nose of the person. “Plagiarism” is used to commemorate the ancestors who died in the plague, and also expressed luck. Many Munichers told reporters that the Hoop Dancer made people feel happy and made them remember the plague.

Why do the hoop dancer dance only once every 7 years? This is because 7 is a lucky number in the local area. In addition, it was thought that the plague would occur every 7 years. The last time the Munich Hoop Dancer dance was in 2019, when more than 20 performances were performed every day. In order to express the importance of this year’s epidemic, the barrel hooters are prepared to break the convention and perform in Munich after the epidemic.

More than 2000 people participated in the “Passion”

The small town under the Alps is famous for its colorful frescoes on residential walls. The local area was severely affected by the plague in the 17th century: from the 14th to the 18th century, the Black Death, which was widespread in Europe, killed a large number of people. In 1633, 80 people died in Upper Armoga. The residents of the town prayed to heaven and promised that if they could survive the plague safely, they would regularly perform “The Passion Play” to express their gratitude. A miracle appeared, and no one was infected. As a result, the town began performing “The Passion Play” every 10 years from 1634. However, some historians believe that this is mainly because the epidemic has been contained, and the town has strengthened its epidemic prevention work.

“The Passion Play” describes Jesus’ suffering and suffering in the last five days of the world. The Global Times reporter visited the town once a decade ago. The show is performed by 1,800 adults and 500 children in an amphitheatre for a total duration of about 6 hours. Performers are all residents of the town. In order for the image to match the role in the play, the adult actor and actress must start to grow long hair and beard a few months in advance.

This religious drama, performed every 10 years, is not only a traditional religious activity for quarantine, but also an engine of the local economy. Every performance year, more than 100 local performances will attract 500,000 visitors. The Passion Play was also listed as an intangible cultural heritage by UNESCO in 2014.

However, the local villager Andrey, who is in charge of the performance, told the Global Times reporter that this year’s performance was originally scheduled to be held from May 16 to October 4, because the epidemic performance will be delayed until 2022. This has caused many problems for the local government and is expected to cost millions of euros. Many costumes must also be re-made, because the children in the play will grow taller in two years.

In fact, this is not the first time that the performance of the Passion Play has been cancelled. For example, the performance in 1920 was postponed to 1922 due to the Spanish flu, and the performance in 1940 was canceled due to World War II… The local villagers said that they would still devote themselves to the performance in 2022 Preparations. Andrey told reporters that this year’s outbreak of more than 5,200 people in small towns was also infected. This is a warning for them. Keeping in mind that the outbreak has become more important.

A food called “cholera”

There are still many such epidemic prevention cultural customs in Germany. Hameln, a small town on Germany’s “Fairytale Road”, is called “Mouse City”. For hundreds of years, every Sunday from mid-May to mid-September, on the first floor terrace of a local building called “Wedding House”, the musical “The Flute of the Piper”

Mousetrap. About 80 locals in historical costumes reproduced Hameln’s bizarre child disappearance in 1284. Folk culture scholar Stocker said that the performance was also to commemorate the disaster caused by the severe rodent infestation at the time.

Walking on the streets of Halle, Dresden and other cities in Germany, tourists can also see a peculiar sculpted building-“The Plague Column”. On the plague column, you can see various statues of people, such as the noble emperor taking off the crown, half kneeling on the ground to pray to God to bless his subjects, and drive away the plague.

Some foods are even called “cholera”, which is similar to apple pie. Potatoes, cheese, apples, onions, sausages and other ingredients are mixed and flour is added to make cakes, which are then baked in the oven. It originated in Switzerland and later spread to Germany. It is related to the “cholera” in Europe in the 19th century, when people used “leftover food” to process.

This year’s epidemic, Germany has a new “anti-epidemic culture fever”: the German Nobel Prize winner Thomas Mann’s novel about cholera “Death of Venice” has once again become a bestseller; many Germans are showing their own on social networks Kinds of anti-epidemic food; museums in various cities have also opened exhibitions and commemorative events for this year’s epidemic… Folk culture scholar Stocker said that the Germans use anti-epidemics through cultural practices to bring people strength and are worth advocating.

Comments Off on A large number of retail investors crowded into the Asian stock market to accumulate risks
error: Content is protected !!