Chapter 408: Black Monday

On October 19th, at 2:30 p.m., the stock market opened, and the selling orders appeared like a sea of selling, and even the "strange market" Hong Kong Land also began to fall, and in just one hour in the afternoon, the Hang Seng Index fell another 185 points, many stocks and even blue chips are only sellers, buyers are empty, and investors want to sell without doors, crying without tears, and investor sentiment has changed from absolute optimism to extreme pessimism in this 1 day. The top loser, the Hong Kong and Macau Development 96-Year Warrant, fell as much as 32%.

The stock market is in devastation, and the futures market is even more vulnerable. Because the futures index market has a suspension system, so in the morning when the market fell more than 150 points, the futures exchange in accordance with the provisions of the suspension, after the afternoon opening, the futures index price jumped sharply, close to 3 points, spot and November futures fell another 180 points and 150 points, the market for the second time.

On this day, the stock market does not know how many people have lost their fortunes, and the stock market avalanche caused by real estate for several years seems to be about to appear again, and there are no known how many people will choose to jump from the top of a high building.

Although the Hong Kong stock market has been closed that night, investors are still idle, on the one hand, looking at the quotations of Hong Kong stocks in London, on the other hand, waiting for the changes in the opening of the US stock market, the stock market is the only element of everyone's life on this day.

They are looking forward to good news for the U.S. stocks, and if the U.S. stocks are strong, the Hong Kong stocks will definitely stop the decline and rebound.

But in fact, it is the same whether you look at it or not, even if you are lucky, you know that a big stock market crash has erupted.

Just when the investors in Hong Kong were waiting to see the performance of the U.S. stocks, Qiao Feng also got up for the first time, drinking coffee with Li Zhi and waiting for the New York stock market to open, and in New York, several professional investment teams hired from different places who did not know each other began to do things for Qiao Feng more than a month ago, of course, they didn't know who to do things for.

Qiao Feng invested more than two billion US dollars in the market to prepare for this day, the maximum safety limit of short stocks, futures index, just waiting for the arrival of this day to harvest a good harvest.

Affected by the collapse of Hong Kong, the stock markets in the Asia-Pacific region fell across the board, and the effect did not spread to the European market like dominoes, and the stock market crash finally circled the world and returned to New York.

On October 19th, the Wall Street stock market just opened because of the sharp decline in London, Hong Kong and other stock markets, and all investors were in a heavy mood.

On this day, radio and television stations frequently reported the latest stock market conditions, and the atmosphere was very tense, and the Dow Jones Industrial Average plunged 508 points on this day, falling by more than 20%, setting a record for the largest single-day decline in the United States in more than 100 years.

And on this day, Qiao Feng and Li Zhi's phone calls did not stop, and several investment teams were communicating while buying and closing positions at the right price.

Qiao Feng knew that there would be a stock market crash on this day, but he didn't know how much it would fall and which ones would fall the most, so he didn't think about buying and closing the position before the lowest rebound, he was not so greedy, the requirement he gave was to buy and close the position at the right time, and he and Lizhi would also communicate in real time.

Qiao Feng is really not greedy, he can take the opportunity to make a little bit of money, anyway, it is a multiple leverage short of the maximum safety limit, the yield is quite considerable, there is no need to bet on the lowest position, anyway, no matter how bad it is, it can have a double income.

Just when Qiao Feng was harvesting and making money in the U.S. stock market, all major media in Hong Kong reported on the U.S. stock market with large headlines that day, and all investors were helpless after seeing the news.

The U.S. stock market fell like this, and the hope that they had good news was dashed, so everyone knew that the Hong Kong stock market would fall again the next day due to the fall of the U.S. stock, but there was no way, everyone could only wait helplessly, waiting for the death sentence to be pronounced at the opening of the market at 10 o'clock on the 20th.

As a result, no one was able to get the day open.

It turned out that the Hong Kong Stock Exchange held an emergency response meeting in the early hours of that day, and finally made a decision before the market opened at 10 o'clock, announcing that in order to keep investors calm and a large backlog of uncleared settlements, the Stock Exchange would be closed for 4 days.

This news made people feel quite stunned, and also made many shareholders applaud, thinking that this was a wise and rational decision, so that the vicious circle could be temporarily stopped.

Everyone knows that Hong Kong stocks, London, and Sydney stock markets will fall again because of the decline in US stocks, and US stocks will fall again due to the decline in the periphery, which is bound to form a vicious circle.

But when it was known that the Hong Kong stock market was closed for four days, everyone felt that with these four days of buffer time, they could avoid being involved in this vicious circle.

In particular, stock markets around the world plummeted sharply on the same day, with the Nikkei Stock Average plummeting 3,836 points, the London Financial Times index plummeting 250 points, and the Australian stock market plummeting 510 points.

Qiao Feng has always been concerned about the trend of the Hong Kong stock market, when Hong Kong investors applauded and thought that the suspension of the market for 4 days would allow him to escape, only Qiao Feng knew that the suspension of the market for four days brought Hong Kong investors a more unforgettable pain.

After all, as early as October 1, the Hang Seng Index rose to a maximum of 3968 points, and then the market showed a long and short hold, but the market still rose 6.09 points throughout the day, closing at 3949.73 points. But since then, the market has not been able to reach this high again, and the US stock market has already fallen during that period.

But later, I heard that most of the experts and investors continue to be optimistic about the market outlook, thinking that the market environment is good, and the Hong Kong stock market has not fallen, and after getting rid of the impact of the external decline, it is still competing for the ups and downs at a high level, and the investment atmosphere of the shareholders is still blazing and fanatical.

Although he did not make a reminder move, Qiao Feng has been paying attention to the Hong Kong stock market, and he knows that the Hong Kong stock market will usher in a real plunge after four days of market closure.

During the four days of the market suspension, the news about the stock market did not calm down because of the market suspension, and the headlines of newspapers of all sizes were inseparable from the stock market every day, and Qiao Feng, who was far away in the United States, could receive news published by several major newspapers every day, and I heard that some newspapers even printed foreign editions to report the closing of the U.S. stock market as soon as possible.

On Wednesday, the Wall Street stock market rebounded sharply by 160 points, and some people began to ask: Is the four-day suspension too long? Will it damage Hong Kong's reputation as a financial center?

These dissent have exacerbated the unease of Hong Kong citizens.

No one knows what will greet you when the market opens.