Chapter 505: Black Monday Reappears!

I don't know if everyone knows how to trade stocks?

The Dow Jones Industrial Index is actually a kind of US stock average index arithmetic based on the stocks of 30 industrial companies in the United States.

These 30 companies, including the world-famous sports brand Nike, the food industry Coca-Cola, the PC computer Microsoft, and the retail giant Wal-Mart, are the core foundation of the country's economy.

Once the stock price of one of these 30 companies falls sharply, it will affect the stock market of the entire United States.

But Apple, which has just evaporated a market value of $210 billion by Chen Hao, happens to be one of the 30 giant companies that make up the Dow Jones Industrial Index!

As a result, after Apple's stock price plummeted by 42%, the entire Dow Jones Industrial Average began to dive like a crash.

At 11 a.m. on Monday, the Dow Jones Industrial Average had started at the opening of 15,503.85 and fell all the way to 15,003.

As soon as the stock market took a lunch break, the Dow Jones index, which symbolizes the economy of the United States, fell below the 15,000-point threshold that had accumulated for half a year.

The index fell by more than 500 points in half a day!

Even the most awesome Wall Street financial institutions are a little unable to understand such a terrifying downward trend.

"Why?"

"Why did the stock index fall by 500 points within 4 hours of opening?"

"What the hell did you find?"

"Obviously, our country's economy is showing a benign recovery, and investors should be full of confidence in this market!" Everyone is looking for a reason.

When they found out that Apple, one of the 30 cornerstones of Dow Jones, had actually fallen by 42% in a row, all the consortia and bigwigs who were looking forward to the stock market entering a benign upward stage were not calm.

"Rescue the city!"

"We can't let the Dow Jones index stack like this again!"

Wall Street giants began to resort to their means, and a large amount of bailout funds began to pour into the market.

However, these financial conglomerates, which control 80% of the country's wealth, still underestimated the impact of Apple's plunge.

The entire United States, and even the shareholders around the world who hold the stocks listed in the United States, are invariably panic selling.

Such a big wave hit and directly caught these Wall Street financial bulls off guard.

At 2 p.m. on Monday, the Dow Jones Industrial Average followed Apple's share price all the way down to 14,418.64.

A piercing bell rang, like a giant hammer weighing a thousand pounds, and slammed into the chests of these Wall Street financial bulls.

โ€œFuck in shit!โ€

"it!"

"The stock market is a circuit breaker?"

All kinds of scolding came one after another, and all the investors who followed the New York stock exchange market collapsed collectively.

You must know that the circuit breaker mechanism of the stock market is actually a disguised protection mechanism.

Once the stock index falls by more than 7%, the stock exchange market will be temporarily closed.

However, the triggering of the stock market circuit breaker mechanism not only represents the opening of the downward channel of the US stock market, but also symbolizes the recession of the US economy.

Just like the subprime mortgage crisis in 08 and the Black Monday of rice stocks on October 19, 1987, it caused panic in the global financial market.

The economic crisis in 08 caused Lehman Brothers, the four largest investment banks in the United States, to go bankrupt instantly.

As for Black Monday in '87, it was to make Rothschild Bank disappear into a hundred years of history.

As for the recurrence of Black Monday this time, it is the death knell of a US State Road Bank founded in 1792.

Because this State Street Bank holds 220 million diluted shares of Apple, it has a market value of nearly $99 billion according to the market price that has not fallen before.

Now, on the other hand, Apple has fallen below 42% of its share price, wiping off $41.5 billion of its fortune with one of its largest shareholders, State Street.

Although State Street Bank has jurisdiction over the trillion-dollar financial investment industry, the sudden evaporation of the uncontrollable nature of this $41.5 billion has directly shaken the bank's foundation.

Coupled with the comprehensive collapse of rice stocks, several responsible executives of State Street Bank, after hearing the circuit breaker bell from the New York stock market, directly came to the top floor of the State Street Group to meet God or Satan.

No way!

It's an exaggerated loss!

41.5 billion evaporation!

How did you take this by surprise? It's like slashing at the tail vertebrae of State Street Bank with a boning knife, and crippling the opponent with a single stab, without giving the other party time to react.

It's just, you think that's the end of the circuit breaker protection mechanism when it's triggered?

The early closure of the New York stock market was accompanied by a panic sell-off in global stock markets.

You must know that today's global market is still in the era of dollar hegemony.

Even the big brother U.S. stock market has begun to collapse, which of those island countries, stick countries, and Europe can be spared?

Sydney: down 6.8% for the day

London: -6.3% for the day

Toronto: down 5.6% for the day

As for the island countries and stick countries, there is no need to mention them, and one by one they also rang the bell of the stock market crash.

Such an exaggerated ripple effect has some economists exclaiming: "Black Monday!"

"Black Monday 1987 is back up!"

However, at a time when the global financial stock market is falling off a cliff, a few stocks are unexpectedly holding up.

That is China's Shanghai Composite Index, Shenzhen Stock Exchange Index, and Hong Kong's Hang Seng Index.

Because, just when the foreign stock market was making a noise about Black Monday, Chen Hao's [Future Technology Company] suddenly stood up and spoke.

said that it was already examining the prospect of IPO listing, but as for which three sectors were listed in China, [Future Technology Company] did not disclose it.

However, the news of the listing in China was confirmed through inquiries from various media.

That's pretty good news!

You must know that at yesterday's [Future Mobile Phone] pre-sale site, [Future Technology Company] swept more than 130 billion in 10 minutes, and completely sank the mobile phone flagship aircraft carrier of Apple in the United States!

At this time, [Future Technology Company] stood up and announced that it would be listed on the three major domestic plates, didn't it give Huaguo's shareholders a shot in the arm?

As a result, on the opening day of Monday, not only the Hang Seng Index of the Hong Kong market was rising, but even the Shanghai Composite Index of the Magic City and the Shenzhen Stock Exchange Index were floating red in a unified formation.

This can make foreign investors who are in Black Monday incomprehensible for a while.

โ€œhat Fuck?โ€

"Huaguo's stock didn't fall?"

"What's going on?"

"You're not kidding me, are you?"

-----

PS: Resume the update~~ But most of the energy in March is still invested in new books, please forgive all readers of old books (compare hearts).

Hot book recommendation: The new work of the catty god ", the new book of the god of forgetting, the new book of Chen Fengxiao, the new book of the god of taste