The net worth of Asia's richest man plummeted 340 billion dong

Surprise! The net worth of Asia's richest man plummeted 340 billion dong, and he was exactly hunted by short sellers in the US! Stock prices plunged 47% in 2 days, Indian Parliament "fried pot"
The net worth of Asia's richest man plummeted 340 billion dong

 Securities Times
   2023-02-03 06:55 Official account of Securities Times, creator of high quality finance and economics
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 Asia's richest man has completely collapsed.

 A "short-term crisis" has swept through the Indian market. On February 2 local time, the share price of Adani Enterprises, the flagship company of Gautam Adani, the richest man in Asia, at one point plummeted 30%, with a total drop of more than 47% in two days. past transaction. In the past 7 trading days, the total market value of Adani's listed companies has evaporated more than 100 billion US dollars (about 678.2 billion yuan).

  According to Forbes data, Adani's fortune has fallen by more than 50 billion US dollars (about 340 billion yuan) since the US short-selling agency Hindenburg issued a short-selling report on him, losing his title of "man" richest in Asia".

  Analysts believe that Adani's encounter with short selling is a major test of the credibility of the Indian market and companies. On February 2, local time, the Indian opposition party asked the parliament to hold a debate on the issue of the Adani Group's stock plunge, affecting the assets of tens of thousands of people, but the parliament rejected it. cause an uproar.

  At the same time, the European market also created a "storm of interest rate hikes". On February 2 local time, the Bank of England and the European Central Bank successively announced that they would raise interest rates by 50 basis points, in line with market expectations. The Bank of England has warned that the UK will experience a five-quarter recession starting in the first quarter of 2023, while the European Central Bank has said interest rates still need to rise sharply due to pressures. core inflationary force. Baidu source