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Hong Kong time: Monday, October 19, 1987. Pen & Fun & Pavilion www.biquge.info

At 10 o'clock, as soon as the market opened on the stock exchange, a strong wave of selling appeared, and all the blue chips opened several prices lower, and then the selling orders appeared like a sea of sells, and the second and third line shares fell even more sharply, and many shares were only sellers and no buyers. At 10:15 (15 minutes after the market opened), the Hang Seng Index had fallen by 120 points, and then the market took a breather, the selling orders converged slightly, and the stock price generally stabilized at a low level.

At 11 o'clock sharp, the Hang Seng Index rebounded by more than 2 points, and then another round of selling frenzy reappeared, and at 12 o'clock the index fell another 140 points to 3,524.64.

"What the hell is going on?"

"Is Xiangjiang Lu sinking?"

"Pounce on your mother! Is this going to crash the rhythm? ”

“……”

No one can find a suitable explanation, and it seems a bit too much to say that it was affected by the sharp decline in US stocks, but Hong Kong stocks reacted more violently than US stocks.

And yet—

On the eve of the crash, this is even more noisy, some say that the Japanese consortium bid more than 13 yuan per share for a full acquisition, and some say that Xu Cun intends to snipe at Hongkong Land and completely merge Hongkong Land into Huangtu Land, all kinds of rumors have caused Hongkong Land's stock price to swim against the current in the sharp fall market, so that many investors have placed their hopes on it and forgotten to take precautions against the falling market.

Since the market fell too much, and the market had no reason to be bearish, after 12 o'clock, some brokerage firms opened the market and closed the stock market, causing the stock market to rebound slightly by 23 points and close at 3,547.90.

At noon, as in the past, the restaurants and restaurants in Central were still crowded, but many people could be seen losing their smiles and looking quite solemn, the banks were full of people standing in front of the stock quotation machines, and the radio and television stations were reporting the news with front-page headlines, and the media not only spread the news, but also spread the panic.

In addition, many people shared the bad news with their relatives and friends, and the panic spread to every corner of Xiangjiang in a very short time.

At 14:30 p.m., the stock market reopened, selling orders poured in, and even the 'strange market' land also announced that it was not supported and fell, and in just an hour after the market opened in the afternoon, the Hang Seng Index fell another 185 points, many stocks and even blue chips were only sellers, and there was no one under the buyer's card, and the investors had no way to sell, and they wanted to cry without tears, and the market investment sentiment changed from absolute optimism to extreme pessimism on this day.

Since the decline in the market is caused by the United States, although the Hong Kong stock market has been closed in the evening, investors are still idle, on the one hand, looking at the quotations of Hong Kong stocks in London, and on the other hand, waiting for news from the US stock market, as if the stock market is the only element of everyone's life.

After learning that the U.S. stock market has fallen even harder, all investors are in a heavy mood - everyone knows that tomorrow Hong Kong stocks will fall again because of the decline of U.S. stocks, and U.S. stocks will fall again due to the decline of the periphery, so that a vicious circle will be formed, and eventually they will be pushed into the endless abyss!

In the evening, radio and television stations frequently reported the latest market conditions in the US stock market, and the atmosphere was very tense, with the result that the US Dow Jones Industrial Average plunged by 508 points, setting a record for the largest single-day decline in the US in more than 100 years. Major newspapers reported on the state of the U.S. stock market in red and bold bold font, and it is believed that many investors at the time were overwhelmed by the news and waited for the death sentence to be pronounced when the market opened.

……

The overwhelming reports about the current stock market made Pandey, who was raising funds everywhere to repair one endless hole after another, vomit a mouthful of blood, and then Pandey fell into a coma, and was then sent to the hospital by his family!

At the moment when he was still conscious, Pandey was full of remorse!

Pandey hated himself, how could he not have a "man dies and the bird is facing the sky, and he will not die for thousands of years!" If he could fight to the end in the stock market, then now, he is not embarrassed like a lost dog, but the most energetic!

Pan Desheng hated 'Sun Yong' who hurt him so badly - Pan Desheng swore with the only remaining consciousness before he fell into a coma: "Sun Yong, I, Pan Desheng, swear that I will find you in my lifetime, and then crush your bones with my own hands!" ”

……

Hong Kong time: Monday, evening.

Song Lihui, chairman of the Bank of China Group, and Chen Muhua, president of the Bank of China, drove an inconspicuous Toyota car to Shek O Manor.

After a lot of twists and turns, Song Lihui and Chen Muhua were personally taken into the Shek O Manor, which was under military control, by Xu Cun.

As soon as they entered Shek O Manor, Song Lihui and Chen Muhua couldn't wait to drag Xu Cun aside, and then Chen Muhua, who had always been calm, whispered to Xu Cun: "We heard the rumors, the Hong Kong Stock Exchange is preparing to hold an emergency response meeting to discuss the closure of the market tomorrow, Ah Cun, how should we deal with it?" ”

Xu Cun said conclusively: "You don't have to worry, now that the general trend has been achieved, even if they really dare to stop the market, they will still continue to fall sharply when the market opens again." ”

Hearing Xu Cun say that it would fall again, Song Lihui hurriedly interjected: "Still falling? How much does it fall? ”

Xu Cun said leisurely: "I guess no one in this world can accurately calculate how much more it can fall...... But I budget that the decline should be above today. ”

As soon as Xu Cun said this, Song Lihui and Chen Muhua were both overjoyed -- on this day alone, they had earned $2 to $3 billion in foreign exchange for China in the Xiangjiang stock market, and if there had been such a big drop one day, they would have been able to earn $5 to $6 billion in foreign exchange for China in this stock market crash, and China's economic situation would certainly have improved greatly.

Chen Muhua immediately said: "Then when will this stock market crash be over?" ”

Xu Cun looked at Chen Muhua and said with a smile: "When it stabilizes, this stock market crash will be over." ”

Xu Cun knew what Chen Muhua was really worried about, so he added: "Don't worry, the Xiangjiang stock market will never rebound in a short period of time." ”

If someone else said this, it would be good for Song Lihui and Chen Muhua to believe one point, but when Xu Cun said this, Song Lihui and Chen Muhua believed at least nine points - the only doubt was that Song Lihui and Chen Muhua were stable, not that Song Lihui and Chen Muhua did not believe in Xu Cun's ability.

But—

Although he got Xu Cun's guarantee, out of the banker's conservatism, Chen Muhua still said: "The general trend is still controlled by Ah Cun, and the motherland will definitely advance and retreat with you!" ”

……