Chen Dong turned his attention to the display screen in the trading hall, where the Hang Seng Index was fluctuating around 7101 points.
"Boss, should we go in now?" Wangcai asked Chen Dong.
Chen Long frowned but didn't speak. All the senior executives in the office exchanged glances, and then everyone followed Chen Long's gaze and focused their attention on the large display screen.
The Hang Seng Index fell to 7080 points, and just half an hour later, it fell again to 7040 points.
Such a large fluctuation would cause huge shocks in any stock market in the world. However, today's decline is just the most ordinary one after so many days of decline.
With one hour left before the market closes, the index is slowly rising from the 7040 point level.
In the stock market, the number of Hong Kong dollar transactions suddenly increased by nearly double. It's obvious that the Hong Kong Monetary Authority intervened to support the market.
However, this rise did not effectively prevent the Hang Seng Index from falling. After rising by nearly 20 points, the index quickly plummeted again.
At the close, the Hang Seng Index settled at 6780 points.
“The market fell 254 points throughout the trading day, a drop of 3.62%,” Ma Guoliang said. He only glanced at the numbers on the market chart, but quickly a data model was built up in his mind. “The number of Hong Kong dollar transactions reached 20,000 lots, almost all of which were large sell orders.”
The Hong Kong stock market closed, but the financial war did not end there. Subsequently, negative news came from the London stock market and the New York stock index.
Hong Kong's real estate sector, banks, credit institutions, and others have all abandoned their bullish positions.
Rumors, seemingly from nowhere, circulated that the Hong Kong government would cut infrastructure spending to reduce the government deficit. Following this news, real estate companies' stocks immediately fell by 5 percentage points.
Due to the impact of currency devaluation in Southeast Asia, Chinese goods exports have faced difficulties, and in order to increase their competitiveness in foreign trade, they have had to consider proactively devaluing their currencies.
This idea was met with strong opposition from the Monetary Policy Committee of the People's Republic of China. Due to the Committee's insistence, the matter of voluntarily devaluing the RMB was temporarily shelved.
Subsequently, relevant departments in mainland China issued speeches advocating for boosting domestic demand and deepening development in the western region in order to prevent importing countries from launching trade wars and curbing the mainland's foreign trade channels.
While taking measures to save itself, the mainland also actively provided the Hong Kong Monetary Authority with market stabilization funds through Chinese-funded institutions and commercial banks.
The Hong Kong Monetary Authority and the Financial Secretary contacted Chen Dong one after another. Chen Dong could not go into too much detail with them over the phone, but could only suggest that the Hong Kong Monetary Authority release positive news.
At this time, the Hong Kong stock market was shrouded in pessimism, and the Hang Seng Index was still falling. Even positive news could not stop the downward trend.
Seeing that its subordinate agency, the Hong Kong Monetary Authority, was also unable to come up with a suitable strategy, the Financial Secretary of Hong Kong had no choice but to call Chan Tung late at night.
"Mr. Chen, the Hang Seng Index has fallen to 6500 points. When will your Dragon Capital enter Hong Kong?"
Faced with Director Yang's thoughtful "concern," General Manager Chen was somewhat surprised. "Director Yang, we had an agreement that neither the Monetary Authority nor the Finance Department could interfere with Longteng's investment strategy."
Director Yang gave an impatient snort. "The past is the past, and the present is the present. The situation is different now. I just want to ask, why hasn't Longteng made a move even though the Hang Seng Index has fallen to 6500 points?"
Chen Dong looked out the window, glanced at the vast starry sky, and said lazily into the phone, "I told you long ago, whether dealing with Soros or international speculators, seizing the right moment is crucial."
"The negative news from Hong Kong has not yet been fully digested. If we enter the market now, it will probably only accelerate the downward trend of the Hang Seng Index."
Upon hearing this, Yang Fugui became anxious. "What opportunity are you waiting for? Soros has published an article in the Wall Street Journal, directly targeting Russia."
“As you know, once Russia is targeted by international speculators, their next target will be Hong Kong!” Yang Fugui paused after saying this, then realized he had misspoke and quickly corrected himself, “I should say that they are already taking care of Hong Kong now.”
"The Wall Street Journal?" Chen Dong was somewhat surprised. "How come I didn't know about this?"
Yang Fugui curled his lip, "The news just came out of the newspapers; it hasn't reached Hong Kong yet."
Reminded by him, Chen Dong realized that it was evening in Hong Kong, but in North America, the sun was high in the sky, and the New York market was bustling with activity.
Russia's economy was already declining, and at this time, a large number of international speculators flocked to Russia to short the ruble, instantly suppressing the already sluggish Russian economy to the point of collapse.
At this time, Russia's economy had fallen into a vicious cycle, and Russian oligarchs and large enterprises, facing difficulties both internally and externally, transferred their assets one after another.
The fact that Soros published an article in the North American Daily to put pressure on the Russian stock market suggests that his next attack will inevitably target Russia. However, the Hang Seng Index was still falling a few days ago, which shows that Soros has no intention of temporarily abandoning Hong Kong.
After analyzing the situation, Chen Dong suddenly came to a conclusion: "So, Soros wanted to attack Russia while also keeping an eye on the Hong Kong stock index. He wanted to use the same amount of capital to crash both markets, taking a two-pronged approach to reap the benefits."
Realizing Soros's conspiracy, Chen Dong rushed to the trading hall overnight, found the market data table collected by the exchange's traders the day before, and began to study the minimum decline of the Hong Kong dollar and the Hang Seng Index overnight.
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