[Introduction] Global decline! what happened? The re-release of Stephen Chow's "God of Cookery" only grossed over 5 million yuan at the box office
Reporter from China Fund News Taylor
a shares fell
Brothers and sisters, how are you? A-shares have plunged again today!
Let’s review what happened today.
Today, the Shanghai Index fell back after rising. As of the close, the Shanghai Index fell 0.81%, the Shenzhen Component Index fell 1.44%, and the ChiNext Index fell 1.7%. A total of 539 stocks in the
market rose, 43 stocks reached their daily limit, and 4,712 stocks fell.
Stimulated by the news of Guotai Junan merging Haitong Securities , large financial stocks once strengthened, Tianfeng Securities , Guohai Securities hit the daily limit.
State-owned enterprise reform concept stocks performed actively, Changchun Yidong , Shipping Shares , Dynamic Xinke , Jinjiang Online , etc. reached their daily limit.
High-priced stocks continue to receive funds to form a group, Shenzhen Huaqiang, Kesen Technology , Dazhong Transportation, Weishi Electronics, etc. have reached their daily limit! In terms of decline in
, the coal sector led the decline.
The electronic technology sector fell collectively.
Photovoltaic concept stocks started to adjust, with King Kong Photovoltaic falling by more than 8%.
In overseas markets, the Japanese stock market fell nearly 1%, and the South Korean index fell more than 1.2%.
European openings fell collectively, U.S. stocks plunged before the market opened, and Nasdaq futures fell more than 1%!
Currently, the global market is facing a major potential risk - the US economic recession. Recently, a series of data released by the United States have been weaker than expected, including manufacturing surveys, job vacancies and private sector employment. This has intensified the market's expectations that the Federal Reserve will cut interest rates by 50 basis points instead of 25 basis points at the September 18 meeting. bet. The latest CME FedWatch tool shows a 41% chance of a 50 basis point rate cut.
The closely watched U.S. jobs report for August will be released on Friday, allowing investors to assess the extent of the slowdown in the world's largest economy.
A team led by Barclays strategist Emmanuel Cau pointed out in a report that U.S. employment data is seen as a key catalyst to confirm or deny recession concerns and may determine the future trend of the stock market.
"Federal Reserve Speaker" Nick Timiraos' latest article stated that the U.S. employment report for August, scheduled to be released on Friday, will play a greater role in determining the extent of the Federal Reserve's interest rate cut this month. At the Fed's September meeting, the debate focused on whether to start cutting interest rates by 25 or 50 basis points to prevent unwanted weakness in the job market. The August hiring and employment report will be key to that decision. A decent jobs report could prompt officials to start a possible series of rate cuts with a quarter-point cut. If hiring weakens or unemployment rises, as it did in July, deeper rate cuts will be imminent.
The CICC Research Report pointed out that since July, several weakening economic data in the United States have intensified concerns about recession, which in turn triggered market fluctuations. However, as of today, panic has eased, and it is "certain" that the Federal Reserve will cut interest rates in September, and the market has fully priced in an interest rate cut. Contrary to the market's intuitive feeling, the performance of U.S. stocks in the second quarter did not slow down significantly. On the contrary, the overall performance accelerated. However, the internal structural differences revealed the market's concerns and potential pressure points, such as the slowdown in the growth rate of technology companies and the decline in high valuations and Profit-taking becomes a "source of volatility" when there are many cases, low-end consumption slows down as residents pursue cost-effectiveness, and cyclical sectors such as real estate and manufacturing are still bottoming out.
Stephen Chow, box office overturn?
Stephen Chow's classic movie "The God of Cookery" was re-released after 28 years, but the box office performance was not satisfactory. According to the latest data, the box office revenue during its first week of release was only 5.5 million yuan. Compared with other films in the current film market, this result appears bleak.
analyzed that although "The God of Cookery" is a classic work, it was a movie nearly 30 years ago after all. The film was not specially remade or added new content when it was re-released, and its appeal to the audience was limited.Additionally, while sentiment is a powerful card, over-reliance on sentiment marketing may offend audiences. The re-release of "The God of Cookery" mentioned words such as "fried rice" and "fried feelings" in the promotion, which may affect the audience's decision to purchase tickets.
In addition, Stephen Chow has frequently acted in micro-short dramas in recent years. On January 29 this year, Douyin announced that it had reached an exclusive cooperation with Stephen Chow on high-quality micro short dramas. The two parties will jointly develop and operate the "9527 Theater".
As of now, Stephen Chow has officially announced the production of two short dramas. Among them, "Golden Pig Jade Leaf" was launched on June 2, and its total views have exceeded 300 million.
html On August 26, the short drama account "9527 Theater" announced again that its second micro-short drama "Westward Journey" is expected to be launched at the end of this year and will be produced by Stephen Chow.In addition to short plays, the variety show "The King of Comedy Stand-up Season" co-operated by Bigo Group, which is owned by Stephen Chow, and iQiyi has also been launched.
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