Apple's share price plummets to cause controversy

Apple suffered a sudden crash on Monday, at 9:51 U.S. Eastern Time. Apple’s stock has traded more than 6.7 million shares per minute, which not only created Apple’s largest transaction volume per minute since October 29, 2014. . This huge and unusual sell-off has instantly lowered Apple's valuation by at least 6%, evaporating its market value by nearly $4 million in seconds and becoming the most serious drop in Apple's share price in the past three months.

It is reported that Apple's stock price once fell by 3% per minute, the overall decline of 6.4%, quoted per share to close at 111.27 US dollars. It rebounded slightly and recovered at 115.45 US dollars per share.

The cause of this anomalous flash collapse has not yet been announced, but some analysts have speculated that this move may be related to Morgan Stanley’s downward adjustment of Apple’s stock ownership ratio. According to reports, Morgan Stanley downgraded the U.S. technology stocks from “outperforming” to “flat” this week, while reducing Apple’s shareholding ratio from 4% to 3%, and advised clients to reduce their investment in the stocks. The proportion in the combination.

However, some people think that HFT high-frequency trading can not escape the incident with the flash crash. For a long time, high-frequency trading has been criticized. In response, Steve Hammer, founder and trader of HFT high-frequency trading warning in the United States, pointed out that in the US stock market from 9:50, abnormal stock price fluctuations have occurred in more than 300 different types of stocks. "When there is such a price change, it is usually just the effect of the algorithmic transaction."

"That is to say that liquidity evaporates... In fact, liquidity has never been given sufficient attention, and our current stock market has also been fragmented in terms of liquidity," said Joseph Saluzzi, partner of Themis Trading, a New Jersey investment brokerage firm. Pointed out. However, analysts led by CEO Bill Harts of the Modern Markets Initiative have pointed out that the collapse of Apple’s share price may be more complex than expected. “It's easy to conclude now that the reason will be pushed to high-frequency trading.” Misleading customers."

It is reported that Alibaba shares fell 1.4% on the same day, and Google’s share price at 10.58 also saw the largest daily decrease of 1.79%.

At the same time, some analysts believe that the international crude oil price fluctuations may also be the reason for the decline of many high-tech hot stocks in the United States. Sam Ginzburg, chief trader at New York First New York Securities, believes that this incident does not rule out "the transfer of losses in the field of crude oil investment to other areas."

Lou Basenese, founder of Disruptive Tech Research, pointed out that Apple's share price crash is just a normal stock arbitrage performance. "Apple's stock price has risen about 25% from the October low, compared with Nasdaq's only rise during this period." 10%, choose to cash out or is reasonable.

As of the press release, Apple's share price continued to decline slightly, with a decline of US$3.88 per share to close at US$115.05, a decrease of 3.26%.