Chen Dong didn't care about the reason for the power outage; he just wanted to switch back to the stock trading center as soon as possible.
"As expected, they acted immediately when the power went out," Wangcai replied.
"The Hang Seng Index plunged 300 points, with large sell orders appearing on HSBC Holdings, InterContinental Properties, and other companies. The Hong Kong stock index fell by at least 4%."
One by one, the traders reported on the current state of the stock market:
"The other party dumped at least 10,000 lots of futures and stocks, as well as stocks of listed companies such as enterprises and banks, with a total value roughly estimated at HK$300 million."
Chen Dong's prediction of their operational route was correct; international speculators would indeed stop at nothing to win.
"Buy it! At all costs."
Once the order was given, all the traders in the trading hall began to operate with great effort.
Listening to their chaotic sounds, Lin Zhiyuan sighed, "They're clearly targeting us this time. Has he already discovered that it wasn't the Hong Kong Monetary Authority that intervened to rescue the market in August, but us?"
Chen Dong shook his head. "They must have had doubts before the power outage. The power outage hindered our operations in the stock market. It was partly a test, and partly a provocation."
"However, after the power outage just now, they immediately dropped more than 300 points. The whole process happened too suddenly, and the Monetary Authority had no time to react. No one intervened to save the market in those few minutes, which means they already had the answer."
Soros was not sure whether the Hong Kong Monetary Authority had intervened in the Hong Kong stock market, but he promoted this behavior in the media mainly to use public opinion to convince that the free market was merely a name without substance.
In fact, he has always suspected that in addition to the Hong Kong Monetary Authority, mainland Chinese-funded institutions and other private capital were also involved in the bailout.
Today's commotion has completely confirmed Soros's idea.
......
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