Chapter 376: Crazy Drain In a blink of an
eye, the US stock market closed on the 16th.
The Dow Jones Industrial Average fell 235.48 points, or 9.49%.
The S&P 500 fell 9% to around 280, marking its biggest weekly drop in decades.
And a large amount of hot money is still pouring into the market.
This time there is a lot of profit.
It was already late at night, and Gu Feihan and his friends were still sitting in front of the computer, watching the decline of US stocks in the past few days with a faint smile on their faces.
October 19, 1987, Monday, the weather was fine.
To most people, this was just an ordinary day.
Everyone goes to work, eats, and talks business, and it seems no different from usual.
As usual, stock traders in Hong Kong opened financial newspapers in an optimistic mood, trying to find some clues for today's investment market trends.
The tranquil sky is a soothing blue.
From the Chairman of the Stock Exchange to ordinary shareholders, the mood of the vast majority of people is as bright as the clear blue sky.
Last week, bad news continued to come from the United States.
—announced a huge trade deficit.
——Tax incentives for mergers and acquisitions of listed companies have been cancelled, and the share prices of many companies that were expected to be acquired have fallen.
——The Finance Minister publicly announced that the US dollar may be devalued proactively.
There was an article in the South China Morning Post that mentioned the decline in US stocks last week.
But this article is not to remind people of the potential risks in the market... but to tell Hong Kong investors to increase their bets: "The US stock market is ready to climb again, and investors should buy stocks and trust funds while prices are low."
The market remains bullish and optimistic sentiment is everywhere.
After reading the newspaper, Lin Manrong snuggled into Li Yong's arms, with a victorious look on her face that she was too lazy to hide, and began to enjoy a cold and strong cigarette.
"She wants to maliciously short the Lin family and lose all her money! Isn't that shameful enough?"
This is one of the few good news recently.
She planned to wait until the Lin family's stock price rose again, and then take the initiative to invite the younger sister to have tea.
So what if it’s Miss Lu? The Lu family didn’t get the favorable wind from the stock market.
She wanted to see how much money the little girl had in her hands. She would then be able to appreciate the stupid look of the dead girl who had lost so much money.
Li Yong did not comment, but smiled playfully, remaining very secretive.
On the other side, Lu Sinian put down the newspaper in his hand and sneered.
With US stocks falling so sharply, how could Hong Kong stocks remain indifferent?
It has to be said that the whole society is adding fuel to the fire.
Early in the morning, he had prepared champagne in the conference room.
A very rich Chinese and Western breakfast is also provided.
Barbecued pork buns, steamed shrimp dumplings, milk coffee, ham toast, and fresh seasonal fruits...
Before work hours, five people had already gathered in Lu's conference room.
Silent carpets, European furniture, full-length French windows, superb views, first-class landscapes...
But no one looked at the scenery. They were all staring at the computers that were turned on.
Several people had already issued short-selling orders to the exchange. Now all they needed to do was remote monitoring. In the office, they could see different stock market conditions in different places.
Su Xiaoli asked for leave from school and returned to Hong Kong Island to fight the last battle.
Before this, the few people had contacted each other by phone, and Su Xiaoli came back on the last flight yesterday.
"Eat something first, or take a nap. I'll call you when the market opens." Gu Feihan looked at the fatigue in her eyes, frowned slightly and said softly.
The air-conditioning in the room was turned on too high, so the man covered her with his suit.
Su Xiaoli is chewing a mist lotus.
She didn't dare close her eyes, because as soon as she closed her eyes, the darkness and storm of that night would rush over her.
She opened her big black eyes and nodded, so obedient and cute that Gu Feihan wanted to reach out and crush her.
No one noticed anything wrong with her.
The storm is coming and the Lin family building will collapse.
Su Xiaoli opened her eyes wide and looked at the computer screen, quietly savoring the final peace.
So much is at stake, not to mention there is someone in prison waiting for good news from outside.
Due to the time difference, Hong Kong stocks open half a day earlier than US stocks.
10:00 a.m. sharp.
Open on time.
The opening price fell!
All blue chip stocks opened lower!
The five people looked at the screen, waiting to see what would happen.
Several people had been short selling before, and the short selling orders for that day were at the forefront, so they were not afraid that the exchange’s computers would be paralyzed due to the trading congestion caused by the crash.
Almost all stocks failed to stabilize and fell to varying degrees!
In just 10 minutes, the share prices of Lin's two listed companies had fallen by more than 2 yuan.
In just half an hour, unexpectedly, the Hang Seng Index plummeted -11%.
An hour later, the market was completely sold off!
The share prices of Lin’s two listed companies have fallen by more than 5 yuan.
Every trader in the Stock Exchange was on edge. The sell orders on the computers in the exchange had begun to pile up, and there was no time to process them.
The chief brokers and speculators waiting beside the computer screens in the securities firm's profit room were already looking confused.
If the decline of US stocks is calculated in days, then the decline of Hong Kong stocks...is calculated in minutes, and it falls rapidly.
The entire trading hall has become a mess.
How many people are gritting their teeth and holding on, while how many have already lost everything they have invested.
"It depends on how much money the Lin family has to protect the market." Kuang Jiaming said.
He has been intensively studying stock trading techniques these days.
At this time, he pretended to be very expert and calm and commented, his tone and posture were almost the same as those of the remaining big guys.
Unexpectedly, Oscar and the others still snorted in disdain.
"I didn't say anything wrong..." Kuang Jiaming felt aggrieved.
Grievance has become his commonly used emoticon recently.
Su Xiaoli smiled faintly, looking disapproving.
She put away the playing cards in her hand one by one and answered slowly: "Cousin, it's hard to say anything else. The Lin family has so many businesses, there will always be a bank that will like it."
Hatred still stands firm in Su Xiaoli's heart. The apparent peace is the most terrifying.
And revenge is the highest tribute to pain.
No doubt about it.
She had already prepared the courage, methods, and feasibility to fight back against the pain.
Another cannon was set up silently, with the muzzle pointing at Lin Er.
The muzzle of the gun is too thick and the shell is too powerful. Lin Er is afraid that he will be blown into pieces and blasted into the atmosphere this time.
Kuang Jiaming couldn't close his mouth, and it took him more than ten seconds to recover from his shock.
If we talk about people with evil hearts, you are the evilest.
Others are picking fruits, but you are digging up the roots of the tree and eating everything up.
Near the noon closing, the Hang Seng Index fell 235 points! "Lin's stock has fallen by more than 8 yuan." Lu Sinian put down the phone. The call just now was from the stock exchange.
Buying high and selling low is the norm. Whether it is securities companies or retail investors, they can't sit still when they see the market is not good.
Several members of the five-member team were calm.
After all, all the short positions they had had were dealt with.
As for the rest, Lin Manrong will have to sell everything she has to protect the market.
Continue read on readnovelmtl.com
