Soon after, the Hong Kong stock market suspended trading, and other exchanges announced trading restrictions.
Subsequently, stock markets around the world suffered severe blows.
This day is known as "Black Sunday".
“Yes! This year marks the tenth anniversary of ‘Black Monday,’ and October 20th is next Monday.” So that’s what Soros was planning. A dark look flashed across Wangcai’s face.
Anne asked curiously, "What idea?"
What are you saying?
Wangcai shook his head, but in his heart he was thinking that next Monday would be the tenth anniversary of Black Monday, and Soros would definitely use this to his advantage.
“I’m worried that even with the Hong Kong Monetary Authority’s market-stabilizing funds, if Soros’ hedge fund releases even a slightly negative piece of news about Hong Kong stocks, people will scatter like birds and beasts,” Wangcai explained.
"After all, there was the example of Black Monday before. Even if Soros did nothing, investors would still be wary."
After hearing this, Annie also began to worry. "In other words, now we can only pin our hopes on the four major families."
"Only when the four major families join forces to support the market can the strength of the current market-supporting forces be increased."
Wangcai looked at Annie and said, "Contact the Hong Kong Monetary Authority (HKMA) immediately. We can leverage Longteng Foreign Exchange's large foreign exchange reserves to provide the HKMA with market stabilization funds through asset lending."
"I'll go ask the boss first."
Wangcai is a very talented person, and after hearing his words, Annie had no doubt about his judgment.
......
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