Chapter 228 Double Killing of Stocks and Debts

What kind of existence is the current Seibu Group in Japan? The Seibu Group is now the largest landowner in Japan and the biggest beneficiary of the Japanese real estate market. It holds one-sixth of Japan's land area, and most of these lands It is the core area of ​​the city. Seibu Group is also the owner of Prince Hotel, the largest luxury hotel chain brand in Japan. All hotels with the word Prince in Japan are basically owned by Seibu Group. In addition, Seibu Department Store is also the largest and most luxurious department store in Japan. In every city in Japan, Seibu Department Store is almost synonymous with the city center. And these are just some of the many companies under the Seibu Group. Seibu's golf courses, resorts, and playgrounds are all over the Japanese archipelago. The golden railway passenger flow transportation line connecting the densely populated areas in the northwest of Tokyo and the city center is also a subsidiary of the Seibu Group. The company - Seibu Railway, in addition to this company also has its own baseball team, food company, housing company, research institute, school... The total number of companies under the Seibu Group has reached an astonishing 170, and the total number of employees in the company exceeds 10 Ten thousand people, and this does not include Seibu Group's overseas business. The most dazzling star in Japan's economic circles is not Konosuke Matsushita, nor Akio Morita of Sony, but Yoshiaki Tsutsumi of Seibu Group. Most Japanese people believe that Seibu Group is already a new enterprise group comparable to established conglomerates such as Mitsubishi, Mitsui, and Sumitomo.

Therefore, Seibu stocks can be called the heavyweight stocks of the Tokyo Stock Exchange. He is the most representative leading stock among Japanese real estate stocks, and is also a high-quality stock in the minds of every Japanese investor. However, such stocks fell by 5% to 7% without warning as soon as the market opened on Monday. Many investors were confused by the trend of Seibu stocks after the market opened, because according to the past, the stocks of Seibu Group jumped up almost every time the market opened. This has almost become the most stable rule in the Japanese stock market.

The decline at the opening market not only did not scare Seibu investors, but they regarded the decline of Seibu stock as a rare opportunity to enter the market, and many people increased their funds and followed them impatiently. Afterwards, driven by many small and medium-sized investors, Seibu Group's stock gradually began to rebound and slowly turned red. Those investors who made bold investments in the early trading all laughed. This opportunity made their investment earn more than 5% of the profit almost in the morning. When the market was closed at noon, not many people were proud of the bold purchase of Seibu Group shares in the morning, while those who did not buy were secretly annoyed.

At the opening time in the afternoon, many investors who missed the opportunity because of conservativeness and caution in the morning began to chase in without any scruples. When Seibu stocks rose to 9% across the board, only one step away from closing the daily limit, investors found that Seibu's stock price could no longer grow. So at the last few prices of the daily limit, the stock prices of Seibu companies continued to repeat for an hour. Suddenly, a large order pushed Xiwu's stock price to a price that rose by 5%.

Many investors thought that the exchange's machines were broken because the price plunged too much. Almost many people did not realize that the drop in price made more investors choose to enter the market or increase their positions, but in the next hour until the market closed, the shareholders of Seibu knew what it means to cut flesh with a blunt knife. They watched Seibu's stock rise by 9%, to the same price as yesterday, and then to be firmly sealed at the limit.

Seibu stocks fell across the board and did not cause panic selling by investors.

Because this is the most valuable blue-chip stock in Japan, almost all investors believe that Seibu's stock will rise back sooner or later. It is only a matter of time before making money. If you want to make a lot of money, you have to be calm. As a result, many investors who have been in the stock market for many years chose to wait and see, and few people sold their stocks.

The same scene also happened in Japan's bond market, but unlike the stock market, Japan's bond market has always been dominated by institutional investors, and on Monday afternoon, the highest-quality Seibu corporate bonds on the market began to sell across the board. fall. Investment institutions once tried to prevent the plummeting of Seibu Group's bond products, but they found that the opponent's selling was too aggressive. No matter how much money they invested to raise the price of Seibu bonds, they were ruthlessly suppressed in the end. So just half an hour before the Tokyo Stock Exchange closed, Seibu Group's bonds and stocks were tightly sealed on the limit-down board by huge sell orders. Both institutional investors and ordinary shareholders feel that this is an opportunity. There were quite a few people who risked their lives to buy the bottom, but they still couldn't shake the empty side. The empty side seemed to have endless power, and they stomped Seibu to the ground.

After the Tokyo Stock Exchange closed, almost everyone was asking the same question. What happened to Seibu Group today, and why it was blocked on the limit board. The Tokyo Stock Exchange quickly sent an inquiry letter to the Seibu Group. The Seibu Group replied that the company’s business cooperation is in good condition, and there are no abnormal actions that affect the stock price, and there are no undisclosed matters that should be disclosed but need to be explained to all investors. . In a word, Seibu Group doesn't know why its own stocks and bonds are blocked on the limit board at the same time.

The major financial media in Japan are all focused on the matter of Seibu Group, because all investors hope to have a reasonable explanation to explain the reason why Seibu Group has killed both stocks and debts today. At this time, the financial edition of the Yomiuri Shimbun suddenly disclosed the news that Seibu Group had falsified the financial report of the Swiss ski resort.

When this research report was first sent to the "Yomiuri Shimbun", it was thrown into the trash can as an untrue research report, but the double killing of stocks and debts by Seibu Group on Monday made the editor think of this research report again , it was dug out of the trash by the editor, read it again carefully, and then sent it to the editor-in-chief's desk after a little revision. After some confirmation with the Swiss branch, the editor-in-chief finally recognized the authenticity of the research report, so he approved the research report to be published on the financial front page of "Yomiuri Shimbun".

After the "Yomiuri Shimbun" reported, many financial media that could not give a reasonable explanation for the Seibu Group's double killing of stocks and debts could only cite the views of "Yomiuri Shimbun", so many newspapers began to collect clues about Seibu Group from abroad, and people were very excited. It soon became apparent that the research report was first disclosed in a medium-circulation British newspaper, and that it did not arouse widespread repercussions at the time. The source of this research report is a private company called Muddy Waters Research Institute located in Switzerland. So Muddy Water began to come into the attention of the Japanese financial media. They wondered if there was any connection between Muddy Water and the speculators who shorted Seibu Group? ()