Chapter 1038 Let the Stock Market Disaster Come More Violently!
Chapter 1038 Make the stock market crash more violent!
Last month, the Association of Banks raised interest rates, causing the Hang Seng Index to drop when the stock market opened on Monday, July 20, which was already a prelude to the start of the stock market crash.
However, Xia Yu immediately launched the action against the Swire consortium, which stimulated the nerves of all financial practitioners and stopped the Hang Seng Index, which had already fallen, and rose again.
In the more than 30 days between the Hang Seng Index’s plunge today, nearly 100 billion Hong Kong dollars of capital poured into the stock market, boosting the Hang Seng Index from more than 1,830 points to an unprecedented peak in Hong Kong stocks—— Two thousand three hundred fifty-six points.
The Hang Seng Index rose by more than 500 points in more than a month, which was the result of Xia Yu's intervention and the influx of capital.
But Xia Yu knew exactly how much moisture there was.
The vast majority of financial practitioners also understand it very well.
It's just that drumming and passing flowers is a game of capital, and many institutions and investors also have a clear understanding. The moment the Swire Consortium and the Jiuding Consortium are divided, it is the time when the bubble is about to burst.
It can be said that the risks are almost plainly exposed.
It's just that the benefits are too attractive, so that the institutions and retail investors who enter the market are willing to take risks and bet that they can make a lot of money by taking chestnuts from the fire, rather than becoming the last poor pick-up man.
It's a pity that investors didn't expect that in order to maintain a high stock price, Norman Shi Yahuai would choose to keep it secret after completing absolute control. Between direct interests and hidden interests, he decisively chose the former.
And Xia Yu's equity clearance is also very technical and concealed, and he did not leak the news. When the news came out, he had successfully fled.
Therefore, there was no time for investors to flee at all, and after the market opened in the morning, the stock market plunged as fiercely as a flash flood.
The capital market was already very panicked, and while trying to keep calm, there was a breakthrough in the future of Xiangjiang, which was a nightmare for capital, causing the "torrent" to easily overwhelm everyone's psychological defenses.
Since the news came out in the afternoon that caused the stock market to plummet, the four major exchanges were screaming and scolding one after another. The four major exchanges were in chaos. Facing the overall plummeting stock market, investors could only passively accept it in despair and helplessness. .
In the entire stock market, the buy orders of various companies that were originally listed were withdrawn as soon as they had time, but more transactions were facilitated by the rapidly plummeting stock prices, and then the funds were tied up.
In this case, all the buy orders in the entire stock market have disappeared, and some are just sell orders that keep pouring out, and the price of the sell orders is lower than one, and many investors have lost their minds.
It's not that they don't know that no one dares to buy no matter how low the price is now, and constantly brushing down the selling price will only make them lose more.
But what if?
What if you were really stupid to buy it?
In a situation of despair and helplessness, even the slightest possibility will be infinitely magnified and become a life-saving straw that everyone wants to grasp.
The stock prices of various companies continue to refresh the lower limit, driving the entire Hang Seng Index to plummet.
In less than an hour and a half, the Hang Seng Index fell below the 2,110 mark and closed at 2,053 when the market closed at 4 o'clock in the afternoon.
The Hang Seng Index was 2,356 at the morning opening.
That is to say, today, the Hang Seng Index plunged 303 points, or 12.8%.
More than a month's worth of results were wiped out in just one day.
As the stock market closed, the panic in the market subsided, and I don’t know how many people fell to the ground.
And Jiuding Securities Company.
When Xia Yu saw that the Hang Seng Index closed at 2,053, the corners of his mouth raised slightly, obviously in a very happy mood.
Seeing that the market value of Taikoo Group has dropped to HK$1.328 billion, and the market value has evaporated by HK$10.5 billion that day, the smile on the corner of Xia Yu's mouth became more and more obvious.
Noticing the chairman's gaze, Wang Qi said with a smile: "Swire is the company that is most in demand in the stock market today.
Now that the stock market crash comes, it is the one that has fallen the hardest. It has evaporated more than 10 billion in market value in one day. I estimate that Norman Shi Yahuai has a heart attack. "
Xia Yu glanced at Wang Qi and said jokingly, "You can go to the Huangdaxian Temple this afternoon and let someone give you a slap in the face."
Wang Qi was stunned for a moment, then hehe laughed.
"Wang Qi, arrange your work first, then come to my office."
After the joke, Xia Yu smiled and said to Wang Qi.
About ten minutes later, Wang Qi came to Xia Yu's office and saw Xia Yu who was drinking tea.
"Chairman, I'm done."
Xia Yu nodded slightly, motioned Wang Qi to sit down, and then instructed him: "Song Bo brought the black material about the Taikoo Consortium, and the black material about the Carrian Group, you will let them out tomorrow, and add another one. Set the fire and be careful not to be found."
Wang Qi solemnly assured: "Please rest assured, there will be no mistakes."
Xia Yu nodded with satisfaction, thought about it and then warned: "One more thing, as a leading brokerage firm, there will be newspapers who want to know our attitude at this time, you have to restrain the staff, don't talk nonsense, lest they be caught People are overinterpreting."
"OK."
...
That night, after dinner, Xia Yu turned on the TV to watch Global Satellite TV's "News 30". The program spent 15 minutes reporting the stock market crash, and also reported Wang Ping's key speeches as they were. Others, did not say at all, the position is very neutral.
With the viewing scale of Global Satellite TV, more than half of the people in Xiangjiang have watched the news, and the question about the future of Xiangjiang has spread throughout Xiangjiang in an instant, and many people are very worried about it.
Even Xia Yu's parents were worried and asked him what to do, Xia Yu could only explain it to his parents to soothe their emotions.
Xia Yu understood his parents' concerns. After all, their son was a big capitalist, and Xia Yu never told them about his relationship with the mainland.
In the early morning of the next day, there was overwhelming negative news about the coming stock market crash and the future of 1997.
In this situation of public opinion, the whole Xiangjiang was shrouded in panic.
In such an atmosphere, even people with strong hearts are inevitably infected, causing panic in the whole society.
Of course, there are still some positive reports, such as the "Ta Kung Pao" and other media controlled by the mainland, but the sales of these newspapers are small, and the sound of what happened is directly drowned out.
MacLehose held a press conference immediately after going to work, strongly appealing to the public to remain calm and stock market investors to remain calm.
But unfortunately, the effect is not obvious, and the situation of panic is still spreading.
With the arrival of ten o'clock in the morning, the stock market opened again.
Amid the exclamations and screams, the Hang Seng Index plummeted directly at the opening, and the chaotic scene of yesterday's exchange came again today.
Ten minutes after the market opened, the Hang Seng Index broke through the 2,000-point mark and kept rushing down.
When the panic comes, it is when the rumors spread.
There are all kinds of unsubstantiated news circulating in the chaotic exchange.
But a few news that came out of nowhere made some retail investors and institutions panic.
"Carrian Group is already insolvent, with debts of more than 10 billion Hong Kong dollars, and is suspected of financial fraud. There is no consortium behind it, and it just defrauded Yumin Finance to start its business."
"Chen Qingsong, the chairman of Carrian Group, is ready to abscond with the money."
"The Taikoo Group has financial problems, and the Shi Yahuai family maliciously occupied more than 750 million of the group's interests!"
...
The news one by one said was the same as the truth, and it was extremely deceiving, and no one else could not believe it.
Those who believed it immediately put it into action, and the feedback was reflected in the stock market. The stock price of listed companies in the Swire Consortium and the Carrian Group opened a VIP channel, and the decline was even more rapid.
Just when Norman Shi Yahuai and Chen Qingsong were in shock and anger, Xia Yu, who was comfortably handling official business in the office, received an unexpected call.
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