At the opening of the afternoon session, the speculators' offensive did not weaken in the slightest, and it was still a billion Hong Kong dollars per 15 minutes to sell constituent stocks, and the battle was still stalemate, with the Hang Seng Index sometimes rising and sometimes falling, but the magnitude was not very large.

Although the index shows that it is very stable, there are few big ups and downs, but the average investors still dare not enter the market lightly, first of all, the terrifying trading volume makes them retreat, and secondly, they are very clear in their hearts that this kind of competition, as long as there is a mistake between the two sides of the battle, it means a catastrophe for them.

Of course, there are also investors who are not afraid of death to take huge risks to enter the market, most of them are to avoid risks in the way of ultra-short-term operation, or buy low and sell high, or sell high and buy low, looking for meager and quick profits between the offensive and defensive conversions of the main forces.

There is no shortage of investors in the market, and many funds that have been touting themselves as value investors have recently joined the ranks. Because the market can no longer be explained by their usual investment logic, they will not let their main funds enter the market lightly until the "Hong Kong government" and the speculators have not decided the winner. And now the fluctuations in the offense and defense of the two sides have also become a good opportunity for them to use small amounts of money to move in and out quickly and arbitrage profits.

It's just that soon, they pay the price for their greed.

At 3:30, half an hour before the end of trading, the market volume had broken through the HK$10 billion mark, setting a new high in the last month. This shows the fierce Cheng Cheng of the offensive and defensive sides. Although the Hang Seng Index fell slightly, trading at 7,782 points so far, everyone understands that the decline of these tens of points is simply irrelevant. So far, the sell orders in the futures market have been bleak, and the main force of the bears is still trapped in it and cannot get out.

Judging from the number jù released by the Hong Kong Stock Exchange, the largest trading volume of the futures index in August began on August 6, when the highest index was 7500 and the lowest was 7150, and then the Hang Seng Index fell for three consecutive days. The futures index reached a minimum of 6650. In the next two trading days, due to the impact of various news, the Hang Seng Index once fell to the lowest level of 6544, and the futures index also fell to 6310. The trading volume of the futures index on that day also reached the largest volume of the month. There are 145,000 hands.

Speculators are attacking the stock market for depressing the index. The trick of then making money in the foreign exchange market is well known to most investors. Some good people also specially used the number published by guò to count the average position of speculators, and estimated that the average price of their positions was between 7,000 and 6,800 points. If this analysis is accurate, then it means if it is settled with the current index. Speculators lose about 40,000 to 50,000 Hong Kong dollars on each sell order, and the total loss of 200,000 to 300,000 unsettled short positions that has not been rolled over the month is expected to exceed tens of billions of Hong Kong dollars.

Naturally, these are only preliminary estimates. In addition to the futures index market, speculators are also under increasing interest pressure in the Hong Kong dollar market, and the sales of Hong Kong stocks to suppress the index have also suffered huge losses due to the "Hong Kong government", and the specific amount is estimated to be similar to the losses in the futures market.

And the only way to reverse this qiē is to frantically suppress the Hang Seng Index.

"Stop buying, remove all pending orders!"

Just after 3:30 a.m. on the second hand of the clock, Zhong Shi suddenly shouted loudly, "The futures contract throws a sell order to me, how many are sold, and the constituent stocks are temporarily stopped for 10 minutes." ”

After a brief period of calm, the trading floor suddenly became noisy like a frying pan, and the traders who couldn't understand it questioned loudly:

"Zhong Sheng, is it true that you just said to stop protecting the disk?"

"What are you doing, boss? Don't you know how many lots of sell orders will be thrown out by speculators when they stop trading for one minute? How many pips will the Hang Seng Index fall? ”

"God, boss, you're not going to let go and stop protecting the disk, are you? You know, we've invested so much money into it......"

……

Voices of doubt filled the hall at once, and the sound almost toppled the ceiling. Zhong Shi had to jump to a desk in the eyes of everyone, and shouted with a resolute face, "Don't ask why, first do what I order." The strategy that was set before has not changed, and now it is just an unexpected situation! ”

As he spoke, he turned his right hand to the sky, made a vicious oblique slashing posture on his chest, and added: "This move is to test the other party's funds, as soon as the ten minutes are up, you will pay the bill, and we will have a snake out of the hole!" ”

After listening to Zhong Shi's explanation, the traders suddenly realized, and hurriedly knocked on the keyboard to make a phone call, and removed all the pending orders that had not yet been filled.

The move was immediately keenly captured by the market.

First of all, it was the main bears who noticed the abnormality of the market, and they were still fighting with the other party, but they were shocked to find that the buy orders in the market suddenly disappeared without a trace in an instant, which surprised them. Could it be a trap? For a while, the main force of the bears on the front line was unknown, so the traders on the short side also successively withdrew the sell orders that were hung at the low level, and then the senior management began to contact them frequently to discuss what the reason was.

As a result, there was a rare scene in the market, and the trading volume dropped sharply.

This signal was immediately captured by the tour capital. When the bulls and bears disappeared in the market at the same time, they immediately shifted their attention to the futures market, and the result surprised them, a futures short that came out of the ground suddenly sold in the market, and they were stunned by the number of lots, and each sell order exceeded hundreds of lots.

"The Hong Kong government won't bail out the market?"

"Something is wrong with the funds?"

"The bears are going to win? Is the Hong Kong government running out of money? ”

……

All sorts of claims suddenly flooded all corners of the market, and at this time. The first group of people to hear the rumors did not have time to consider the truth of the news, and immediately called the broker and asked them to short the stock index futures at the first time. By the time investors woke up, they had already built up a sizable number of short positions.

After three minutes, the main bears came to a preliminary conclusion that the bulls may have a problem with their funds, after all, in their assessment report, Tianyu Fund is only a medium-sized fund with no more than $5 billion. The discovery made them ecstatic because they took it for granted. This is a mistake in the coordination between the main capital of the Hong Kong government and the Tianyu Fund. There was a gap in the timing of the funding relay between the two sides.

Suppressing the index before the Hong Kong government makes a move can further drain their funds. This was the first thought that came to the minds of all the bears, who immediately ordered the traders to re-enter the market and sell off their constituent stocks. At the same time, the futures index is short selling in the market. Earn more profit while raising your average price.

It's just a drink of water. The surging bearish main force once again came with a mountain of momentum. And this time, without the departure of the main force of the bulls, the market suddenly collapsed.

And those wall grass, both sides poured funds. There are many because they bet in the wrong direction, but they only resist a little in the face of the surging tide of short selling, and the next moment they disappear without a trace like mud cows entering the sea.

“7850…… 7800…… 7750…… 7700……”

Within five minutes, the index plummeted to nearly 200 points, and there were sellers everywhere, and the Hang Seng Index fell at a rate of seconds, soon reaching the 7700 mark, and ten minutes was running out.

In these few minutes, Tianyu Fund was ahead of the market and established a short position of more than 1,000 lots, with a profit of nearly 10 million Hong Kong dollars.

"Now is it!"

When the index fell below 7,700 points, Zhong Shi shouted, "All constituent stocks are linked to buy orders, and all are linked to a purchase quota of 100 million Hong Kong dollars." In addition, the short positions will be closed immediately, and I will dump all these positions to them! ”

"100 million Hong Kong dollars?" Although they knew that Zhongshi would definitely use a large amount of money to protect the disk again, all traders still had a commotion when they heard that 3.3 billion Hong Kong dollars were directly thrown into the market, but they also knew that now was not the time to be shocked, and after a few seconds of sluggishness, they invested in protecting the disk again.

"154,100 lots, 155,100 lots, 156,100 lots......"

Facing the microphone, Zhong Shi quickly quoted a series of instructions to the broker, and at 10 prices, he put out a buy order of 100 hands, which made the broker stunned. This time, there are 10 pending orders, with a total amount of more than 60 million Hong Kong dollars.

Zhongshi, who had laid out the first line of defense, was obviously still unsatisfied, and put out several buy orders again according to the trend of HSBC Holdings in the market, making the total pending orders reach an astonishing 15, with an amount of 145 million Hong Kong dollars.

In other constituents, similar plots are playing out one after another. On another weighted constituent, traders have placed 33 buy orders, covering the price from the lowest price of the time to the price before the fall, which is completely a back-to-back posture.

When the bulls emerged in the market again, the downward momentum of the Hang Seng Index did not stop, and the wave of selling on stocks and futures was still turbulent.

"The bulls are here again!"

"Oh my God, there are so many pays!"

"This ...... What the hell is going on? ”

……

For this sudden market, small and medium-sized investors were shocked again, and now they didn't know what was going on, so they could only look at the piles of numbers on the market display table in a daze.

And on the side of the main forces of the bears, the bulls suddenly surged out, and it did not surprise them. When the forward troops were engulfed almost instantaneously, they quickly organized a counterattack, once again intensified their attack on the market, and the two sides began to fight fiercely again at the 7680 position.

"I'm rubbing, that's all the deal?"

Six minutes later, a trader at HKT suddenly let out a strange scream, which alarmed the entire trading floor. When he saw everyone's attention, he couldn't help but explain sarcastically: "The 100 million Hong Kong dollars purchase order just now was all sold!" Oh my! Nine minutes, only nine minutes, and it's all deals! ”

Not only him, but the red vest in the field was also dumbfounded. Even HSBC Holdings, which has a price of more than 60,000 Hong Kong dollars per hand, has not quoted less than 100 lots each time, which means that the price of each match is close to tens of millions of Hong Kong dollars, how have they ever seen this situation?

Ten minutes later, all the buy orders of HK$3.3 billion were filled, while the Hang Seng Index only paused for a moment and continued to slide to 7700, and the rescue was ineffective.

"The other party is so tough? So much money has been invested, and there has been no counterattack? ”

Zhong Shi's cold sweat broke out, and he suddenly realized that he might have played with fire and set himself on fire! (To be continued......)

PS: Thank you book friend atuzai-zwb for voting for the first monthly pass of the month! At the same time, thank you to KOO, insurance sellers, 36662870, Si Wuxie' and other book friends for voting for the monthly ticket yesterday! A new month has begun, and the author is trying his best to get better results! Thank you~