Chapter 88 The Sixth Thousand Stock Limit-Down and Thousand Stock Suspension

China Construction Bank hit the daily limit, with a trading volume of 12.9 billion yuan and a turnover rate of 18.82%, a huge amount!

Minsheng Bank hit the daily limit, with a trading volume of 16.8 billion yuan and a turnover rate of 5.58%, a huge amount!

Bank of China hit the daily limit, with a trading volume of 21.1 billion yuan and a turnover rate of 1.93%, a huge amount!

CITIC Bank hit the daily limit, with a trading volume of 4.7 billion yuan and a turnover rate of 1.73%, a huge amount!

China Life Insurance hit the daily limit, with a trading volume of 6.3 billion yuan and a turnover rate of 0.95%, a huge amount!

In addition, there was also a fierce battle for PetroChina. At 11:00, hundreds of millions of sell orders instantly pushed PetroChina down by 5 points, but it was rescued just two minutes later.

In the afternoon, at the sensitive minute of 14:30, more than one billion sell orders appeared instantly, which suddenly dropped PetroChina from 3% to -3%. The short sellers attempted to launch a surprise attack on PetroChina to recover the lost position on Ping An of China.

However, just three minutes later, more than 1 billion buy orders poured in, directly pulling PetroChina into the red.

On this day, on the K-line charts of countless blue-chip stocks, there was this kind of battle between bulls and bears, a showdown between massive amounts of capital, and large jagged figures going straight up and down.

Even with the market down nearly 30%, there was still such a massive sell-off, with orders being sold at the same time, frantically, again and again, 500 million, 1 billion, 2 billion... It seemed endless...

It seems that they will not stop until the market is completely destroyed and all the investors are eaten up. This is not just skinning the investors alive, it is simply grinding them into ashes.

"withstand!"

"withstand!"

"withstand!"

Countless investors, with their eyes wide open and fists raised, looked at the stock market and cheered for the national team!

They know that if the skin is gone, where will the hair be attached?

If these hostile forces, these short-selling bandits, gain the upper hand, the market will continue to plummet, and at that time, the unarmed retail investors will be the targets of anyone's abuse.

In the capital market, weakness is the original sin.

On this day, investors saw clearly the bloodiness and evil of capital, its greed and shamelessness, and that capital has no bottom line!

Even if the market has fallen to more than 3,000 points now, it will still fall further, to more than 2,000 points, or even lower, just to make more profits for itself.

In the end, the Shanghai Composite Index closed at 3727 points, down 1.29%, and the ChiNext Index fell terribly, closing at 2352 points, down 5.69%.

The number of companies that hit the daily limit in the two markets is 1,735, the sixth time that thousands of stocks have hit the daily limit!

In the entire A-share market, only 34 stocks rose, the main contract of the CSI 300 stock futures fell by as much as -7%, and the other contracts all fell by -9%!

Listed companies have all started to save themselves and applied for suspension of trading. The reasons for the suspension vary. Some said that they are undergoing "major asset restructuring"; some said that there are "abnormal stock fluctuations"; and some said that there is "publication of important announcements", "important matters have not been announced", "planning for non-public issuance of shares", and so on.

Anyone with a discerning eye knows that the stock suspension is fake, and the real purpose is to avoid a stock market crash.

In the end, a total of 1,429 stocks in the two markets applied for trading suspension!

The number of suspended companies has accounted for 51% of the companies in the two markets!

The market was extremely divided. Blue-chip stocks turned the tide, but other stocks continued to plummet. The screen was full of limit-down stocks, page after page.

Zhao Xinyue's head started to ache from watching this.

Lin Menghan also felt refreshed. This day was a day of great harvest, but it was also a day of confusion. For the first time, she witnessed the power of capital, the strength and fear of big capital.

After the shocking battle, most investors opened their accounts and it was another day of turning off the lights and eating noodles. Countless investors shed tears sadly, heartbroken.

In major stock forums, investors have recorded today's amazing battle, sighing, lamenting, and feeling sad about their accounts.

Liu Bin, watching this thrilling day in the trading room, couldn't help but say with trepidation, "Luckily, my position went bankrupt yesterday, otherwise I would have lost even more money today."

However, when he subconsciously opened his account, he saw that the number in the account had become -1.56 million!

"I, didn't I already have my position liquidated? Didn't I lose 60,000? How, how did it become 1.56 million again?!" Liu Bin was horrified. He wiped his eyes and refreshed the account page several times, but it was still -1.56 million.

"What's going on?! What the hell is going on with this Jinniu Online Loan?" Liu Bin cursed loudly, dialed Qin Tianyou's number, and started scolding him.

"CNM, what's wrong with your company? How did you change my account to -1.56 million? Fix it now, or I'll hire a lawyer to sue you!"

"Oh, brother, don't worry, I'll check it for you." Qin Tianyou replied.

"Quick! Check it out right now! Find out who's behind this!" Liu Bin urged. "Don't hang up! I want to know what's going on right now!"

"Okay, okay brother," Qin Tianyou covered the microphone of his mobile phone and ran to the collection department.

Fatty Zhang from the debt collection department, wearing a white shirt and sweating profusely, saw Qin Tianyou running over and waved his hand, "Are you here to check your stock margin account again?"

Qin Tianyou was surprised: "Brother Wang, how did you know?!"

"Just tell your clients that there were so many accounts liquidated yesterday that the system crashed before they could close all their positions. If you want to close a position today, you'll have to wait in line. Which client are you? Which stock did you buy?"

"Zhenxin Technology, customer No. 1008." Qin Tianyou said.

"This?!" Fatty Wang exclaimed in surprise. "Your client is so unlucky! The stock hit the lower limit today. We were queuing up to liquidate our positions, but there were no transactions. We have to wait until tomorrow to close our positions! Oh, your client has lost a lot. After the margin call, he lost over a million today. Will it be over two million tomorrow?!"

Qin Tianyou's face turned green with fear when he heard this. He asked, "Brother Wang, don't scare me. My clients have so much losses. My bonus will be deducted. Quick, help me check. Is there something wrong with the software?"

"What a stupid mistake! This kind of thing has happened so many times in the past few days. Get out of here right now. I'm busy queuing up accounts for liquidation tomorrow! If you can't get in line again, you'll have to suffer a few more limit downs!" Fatty Wang said impatiently.

However, there were too many people on the guillotine and there were not enough executioners to carry out the executions. People had to wait in line for a whole day and night to be beheaded.

"What should I do?" Qin Tianyou groaned and walked out of the technical department.

Liu Bin could only hear a conversation coming from the phone, but he couldn't make out what was going on. He became anxious and impatiently urged, "What's going on?! Have you found out?! Why aren't you talking, LJ?!"

The curses faintly reached Liu Bin's ears.

The client's position is in jeopardy, and as an account manager, I have a direct interest in it. I must keep the client steady so I can send someone to recover the debt! This is a million yuan, not just a few tens of thousands of yuan.

Liu Bin's face changed several times. He picked up the phone and said, "Hey, brother, maybe the exchange's system is down. We're checking it out. Please wait a moment, wait a moment. Sorry, sorry."

"MD."

Liu Bin hung up the phone, but he still felt uneasy, so he opened the K-line chart of Zhenxin Technology. Looking at the limit-down line from the opening to the closing, he suddenly had a bad premonition.

"Could it be that I didn't have time to close my position yesterday?"