Hong Kong newspapers reported on it extensively, and more than 70% of Hong Kong residents learned about the news through various channels.
Inside a tea shop.
"Ah Gui, come quick and take a look. Is what's written here true?"
A man in his fifties waved to the shop assistant and said, "This is terrible! The newspapers are saying that the Ouyang Group is selling counterfeit jewelry and Rolex watches."
"Ah Gui, if I remember correctly, didn't you just buy their stock last week? If the news is true, you'll lose a fortune on those stocks."
"Ah... let me see."
The man named A-Gui snatched the newspaper away, widened his eyes, and began to read it carefully.
In just a moment, cold sweat appeared on his forehead.
"Brother Xiong, can you watch the shop for me? I'll be right back."
"Ah Gui, slow down."
"Thanks, Brother Xiong. I'll treat you to dinner later."
At this moment, A-Gui took off his apron, threw it on the table, and left without looking back.
He needed to get to the stock exchange immediately and sell all of these stocks.
It's important to know that Hong Kong stocks do not have daily price limits.
One second ago, each share was worth HK$10, and there were a total of 100 shares, which is HK$1,000.
It's very possible that in the next second, each share will be worth only HK$1, and with a total of 100 shares, they will become HK$100.
A 10-fold drop is not impossible.
Such examples abound in the Hang Seng market.
In fact, most global financial markets do not have price limits and operate on a T+0 trading system.
In other words, our A-shares follow the T+1 rule and limit daily price fluctuations to within 10%.
However, the rules have changed slightly, and the growth enterprise market has now opened up to 20%.
After all, people in China have only been involved in stocks for a short time, so this requirement from regulators can be seen as a form of protection for investors.
But when it comes to the best protection, it has to be our Pakistani iron buddy. It is said that their stock trading rules stipulate that the daily increase can reach 5%, but the decrease is limited to within 1%.
......
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