Chapter 353: Ten Years of Madness with One Sword, Success or Failure Turn to Empty (Medium)
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The Hong Kong Island stock market fell by more than 10% in a single day, that is, in just a few hours, one-tenth of the stock market directly evaporated.
Panic continued to spread throughout the harbor.
At this time, this lonely city was filled with an atmosphere of solemnity, panic and worry, and it was difficult to extricate itself. Radio and television continue to report the latest reports on the New York Stock Exchange, making the atmosphere more and more tense and depressing.
Hong Kong Island adopts the LAS system in terms of exchange rate pegged to the US dollar, which means that the exchange rate of the Hong Kong dollar against the US dollar is fixed, and if the US dollar falls/rises, the Hong Kong dollar will also be directly affected.
At this moment, the eyes of stockholders are looking across the ocean, praying that God will come to New York to save the stock market. They don't know that there is a comic book projection in New York called Gotham, there is no God here, and the only savior is called Batman, who is also a capitalist!
London financial plummeted, Tokyo plummeted, and the Australian stock market plummeted!
Wu Xiaozu, as an unknown beneficiary behind the scenes, also keeps a close eye on the trading trends of the New York Stock Exchange.
At the door of the suite, Fei Cheng, Luo Dong, Su Liyao, Li Zhaoji, Ye Weixin, Luo Liyuan, Qiu Litao, and Liu Weiqiang all gathered in the room, and looked at the staff around them staring at the computer.
Everyone's blatant surveillance.
Surveillance?
Right!
What's wrong?
With a financial interest of 100 million, Wu Xiaozu must kill any loophole. If it weren't for the fact that he couldn't close the position in time, he really wanted to "settle down" at this moment. There is no way, wealth is moving.
"The New York Stock Exchange is open!" Xu Qiqi let out Liu Dehua's trilled voice in his nose.
All the people spoke of God in unison.
At the same time, countless people in Hong Kong are cheering up and pinning their hopes on the U.S. stock market!
As soon as the U.S. stock market opened, the pressure of the global stock market sell-off converged on the New York Stock Exchange!
Obviously, the knife raised by the American traitor who carried out the "Star Wars" crowdfunding has once again begun to rob the world.
After a period of stalemate, it suddenly fell, and panic enveloped the entire U.S. stock market. The stock index futures market opened as scheduled, and as soon as the market opened, it was heavily sold.
A huge spread was formed between stock index futures and spot, and when the NYSE finally started trading, the stock index fell sharply!
At this time, institutional investors do not forget to cut meat at this time, trying to make up for their "capital position" through the purchase of the futures market, which is actually a kind of drinking to quench their thirst...... It can only plunge countless shareholders into a deeper abyss.
Knowing this, these institutions still choose to do so, and this behavior is absolutely accelerating the collapse.
Before the global investors could take a breath, sure enough, a series of sell-offs suddenly overwhelmed the short-lived false rebound, and the capitalists and financial predators watched their operations crush the market!
The Dow Jones plunged 508.32 points, or 22.62%!!
The sound of the crying of the US stock is enough to infect the whole world, and then under the rendering of this crying and complaining, the first man in football in the future was born - Benzema!
The whole city was silent.
Countless people stared at the TV and the radio, and the heavy death knell voice of the host was constantly heard in the sound waves, and the atmosphere was solemn and overwhelming.
The New York Stock Exchange plummeted 508 points, and investors were sleepless tonight, feeling that they had been sentenced to death in advance.
They don't dare to look forward to tomorrow's market opening!
Although the storm in 97 was more tragic, in fact, the shareholders were slightly prepared in their hearts, and this time it was really a thought of heaven and a thought of hell. One second it was full of optimism, the next second it was pessimistic. Tonight, the rooftop is full of down-and-out securities people, second only to the world in 2018.
"Mr. Wuβ"
Xu Qiqi looked back at Wu Xiaozu and couldn't hide his excitement, "The stock market will definitely crash tomorrow! You will become another rich man in Hong Kong!"
β¦
"It must not collapse!"
In the conference room of the Hong Kong Island Stock Exchange, Li Fuzhao, the well-dressed chairman of the Hong Kong Stock Exchange, glanced at many members with sharp eyes, including former parliamentarians, barristers, accountants, underwriters, and securities experts, among which the Li family occupied many important positions, and several ghosts were staring at Li Fuzhao.
"Li sir, the decline in the stock market is market behavior. A British-owned representative interrupted.
Li Fuzhao is known as the "godfather of the stock market", and the establishment of the Hong Kong Island Stock Exchange has made great contributions.
It is not well-known on Hong Kong Island, but it is very powerful, and the Lee family behind it has a strong heritage, belonging to the giant family of the banking and financial industry, and was once known as the four major families of the Hong Kong British era, and the remaining three are divided into the Chow Wing Tai family, the Lee Hysan family and the Ho Tung family.
Li Fuzhao is definitely a top person on Hong Kong Island, and his son was also regarded as the same person for a while because he has the same name as Gu Mozhi.
At this moment, Li Fuzhao was like Gu Mozhi who had hit the Holy Land of the Heavenly Dragons, Mary Joa, and looked around at the other members of the Hong Kong Island Stock Exchange with great ambition, and wanted to put a glass cover on them to shut up these scumbags.
"Yesterday, Hang Seng fell 420 points! A drop of 11 percent! Many people outside call this Black Monday!"
Li Fuzhao propped up the table with his hands, stared at everyone sharply, and his eyes fell on a white old man, "Now that a global stock market crash is inevitable, Hong Kong stocks are not ready to suffer at all."
The Freemasons must give me the greatest support at this time! We must work together in order to resist the stock market crash. β
"Okay, what do we need to do?" asked the old white man with a kind look.
"Shut down!"
βhatοΌ
The old white man glared, stood up directly, and looked directly at Li Fuzhao, "This is impossible! This kind of thing is ridiculous! This kind of behavior is like an ostrich in Africa! The entire Hong Kong stock market will lose its integrity! Mr. Li, do you understand the importance of integrity? I can't agree to this rude request!"
"I'm not asking for your opinion right now, Mr. Morgan! This is Hong Kong Island, not New York! I can't just let the Hong Kong stock market be dismembered by countless executioners!" Li Fuzhao was aggressive.
"That's right! This is Hong Kong Island, so Mr. Li also needs to think about it. β
A British-funded representative reminded in a gloomy tone, "The Hong Kong Island Stock Exchange is the Hong Kong Stock Exchange of Hong Kong and Britain, not your Li family's private club!"
"Bang!"
Li Fuzhao's eyes were cold, and he said arbitrarily: "I am the chairman of the Hong Kong Island Stock Exchange! According to the powers conferred by the Exchange Ordinance, the Standing Committee has the right to suspend the market!"
The Hong Kong Stock Exchange needs time to clear up a large number of stock settlements! At the same time, it will ease the sentiment of shareholders and let the market calm down! I think the Financial Secretary, Mr Shak Kecheng, will agree with my decision."
"Now, in the name of the chairman of the Hong Kong Island Stock Exchange, I am applying for a four-day suspension of the market, and the Standing Committee will vote!
The Li family of the Hong Kong Island Stock Exchange is very powerful, and the name of the private club is not groundless. In this controversy, all parties have their own intentions, so Li Fuzhao's hard cap is not necessarily out of public intentions.
In the mall, it's not black and white. So, sometimes, one of the differences between humans and pigs and dogs is that pigs and dogs are always animals.
β¦β¦
Press Room of the Hong Kong Stock Exchange.
The lights are bright and the crowds are crowded.
"In order to check the backlog of stock settlement, and in order to ease market confidence, the Standing Committee of the Hong Kong Island Stock Exchange decided to suspend the market for 4 days, October 26, and officially open next Monday!" Li Fuzhao made a decisive speech, and the reporters on the scene were in an uproar!
"Mr. Li, will this suspension of trading damage the integrity of Hong Kong Island as a financial center, and will it damage the reputation of Hong Kong Island?"
"Chairman Li, will the suspension of the Hong Kong Island market cause market turmoil?"
"Will the suspension of the Hong Kong Island market affect global financial changes? Mr. Li, has the Standing Committee you chaired taking into account the autonomy of the financial market?"
In an instant, the flashing lights crackled like romantic cherry blossoms, and reporters from English-language newspapers such as the South China Morning Post, The Tiger, and Hong Kong Economic Journal asked questions.
The Asian Wall Street Journal, Yomiuri Daily, The Times, Daily Mail, Financial Times, and other special ghost reporters from other countries and regions also reached out to ask questions.
Reporters from Ta Kung Pao, Wen Wei Po, Ming Pao, Oriental Daily, and Sing Tao Daily, which are mainly local and Chinese-dominated on Hong Kong Island, raised questions one after another.
"The Hong Kong Island Stock Exchange's decision is in the interests of the community and investors. The original intention of this decision was to solve the problem of stock settlement. As the most famous financial institution in Asia, the Hong Kong Stock Exchange has made such a determination with the expectation of shareholders and a socially responsible attitude.
I think this is not only conducive to the stability of the stock market, but also the performance of the person in charge! Rather than allowing the stock market to fluctuate, this kind of postponement can eliminate the negative mentality of some investors......"
On the TV, Li Fuzhao talked eloquently.
"I'm going to take his mother!!"
In the Universal Building, the big-breasted brother smashed the TV with his big brother and scolded: "You old immortal coffin!
Wu Xiaozu, who was sitting on the sofa, also had a black face.
He had long planned to settle the more than 100 million Hong Kong dollars in his pocket as soon as possible! After all, he did not know the specific timeline of the market's development. Who would have thought that the Hong Kong Stock Exchange would be forbidden to suspend the market? This is definitely a "black swan" for Wu Xiaozu personally.
"Mr. Wu......"
"Brother Zu!"
Everyone turned their heads to look at Wu Xiaozu and asked for his opinion.
Wu Xiaozu stood up slowly, stared deeply at the Exchange Square, turned his head suddenly, and showed a faint smile, "In the past four days, everyone has been off duty at public expense, and if you have a need, just tell me." β
In and out of the words, there is no mention of letting everyone out!
Wu Xiaozu can only wait for October 26th now!
β¦β¦
Connaught Building.
Liu Luanxiong looked at the news released on the TV and swung his club fiercely.
Li Fuzhao's decision will naturally not be a whim, and there are countless demands and operations of Chinese capital behind him. Liu Luanxiong is naturally also one of the promoters of the market closure.
In just one day, he lost a lot of money. The shares of listed companies in your hands are like a hot potato, falling sharply every day. There are even a few stocks that are selling hot, and no one is interested in buying.
Watching the stock market crash, this kind of loss made this stock market sniper and bone removal expert feel cold in his back and his heart ache.
He expects that the four-day period will allow investors to restore some confidence and ease the panic and weakness in the market.
In his view, the current stock market crash in Hong Kong stocks is really an unwarranted disaster, and the old ones that have been affected by the US stock market for no reason!
Countless institutional investors have this mentality.
This news spread quickly on Hong Kong Island, and indeed countless shareholders applauded! They believed that this decision was very resolute and allowed the vicious panic to be controlled.
Immediately, stock markets around the world plummeted.
The Nikkei Stock Average fell 3,836 points, the London index plunged 250 points, and the Australian stock market plunged 510 points.
At this moment, Hong Kong Island shareholders are even more glad that the suspension of the market has saved them from the catastrophe, and they have given birth to a Buddha for Li Fuzhao of the Hong Kong Island Stock Exchange, it seems that in the world, only Hong Kong Island has a savior, whose name is Li Fuzhao!