God of Rebirth Trader
Chapter 95: 80 billion bailout
Chen Jie was sweating profusely. If he didn't take action, the Hang Seng Index would surely fall!
"General Manager, it's only two o'clock now, don't be impulsive!" Feng Yiwen hurriedly tried to dissuade him.
He must consider the overall situation. Although they hold a large amount of funds, Chen Weidong has confessed that they must not enter the market before two o'clock!
....
"sell!"
"It's 7416!"
"Keep selling! Throw them all out!"
"Don't hold anything back!"
International hot money and financial institutions in Central worked together, and the 32 Hang Seng stocks and the Hong Kong Monetary Authority's buying defense were overwhelmed by the huge amount of selling.
Boom~
The Hang Seng Index's psychological barrier of 7,400 points only held for three minutes before it was broken through by a huge force and plunged to 7,387 points in an instant!
"Broken! Broken!"
Short-selling institutions on the Stock Exchange cheered.
The five million people in Hong Kong who were watching the live TV broadcast also received this shocking news after a 20-second delay.
"No miracles will happen!"
"Run!"
At this moment, the panic effect reached its highest peak since the financial crisis!
No matter how firm the stockholders are, they can't help but follow the trend and sell.
The Hong Kong Monetary Authority is the only buyer in the market and cannot stand it anymore. The remaining scattered retail investors are like sand in the river, they can only drift with the tide and have no effect at all.
Faced with the shocking profits of "the Hang Seng Index fell to 4,000 points", short sellers all over the world came out in force, and not only the 32 Hang Seng stocks were involved in a fierce fight.
There are more than 500 stocks in the entire Hong Kong stock market, and their prices are all jumping violently and decreasing....
Investors trampled on each other, fearing that they would be too late. Many stocks plummeted several points in one minute, and a large amount of wealth was evaporated and harvested...
Soros's sickle swung rapidly, and the defense lines of each stock were penetrated.
Hot money from all over the world has joined in this gluttonous feast.
The turnover of the stock market surged instantly, reaching a terrifying 370 billion!
"I don't care, I ask you to enter the market immediately!"
Chen Jie's eyes were red, he grabbed Feng Yiwen's collar and shouted loudly.
Although he is not very proficient in stocks, he also knows the horror of the herd effect in the stock market. If retail investors blindly follow the trend and sell, they will definitely be unable to recover.
At this moment, he just wanted to take a gamble, even if it cost him everything!
"I'll call and ask Mr. Chen!"
Feng Yiwen also did not expect that the trend of the stock market would turn sharply downward in just a few minutes.
Realizing the seriousness of the problem, he had no choice but to call for instructions.
Toot toot…
The phone rang several times, but no one answered.
"General Manager, the line is busy, we can't get through at all!" Feng Yiwen shouted loudly.
The Stock Exchange was buzzing with people, and countless people were bidding wildly for prices. It was no different from a wet market. You had to speak loudly to be heard.
During this period, thousands of buy orders were filled every second, and countless stocks changed hands.
"Since you can't be contacted, in the name of the general manager, I ask you to enter the market to buy the bottom immediately!"
"I will bear all the responsibilities!"
Chen Jie was completely desperate and immediately made this unforgettable decision to 20 traders.
....
The Hang Seng Index caused violent fluctuations, which meant that the bailout failed completely, and Soros and others could still make profits.
at the same time.
Inside the Hong Kong Monetary Authority.
"What did you do! You can't even withstand the selling!"
"Trash?!"
Liang Zhaomin pointed at the many traders on the floor and yelled angrily.
Soros stormed the Hang Seng Index, and the 1 billion buying defense line was instantly broken down!
More than two hundred traders were dumbfounded. They had never seen such a formation before.
Tens of billions of selling orders were made in one minute, and this lasted for several minutes.
The originally planned and steady trading strategy has now gone seriously awry!
Everyone was in a panic and had no idea what they were going to do. They just placed random orders to buy.
However, without organized buying, it is impossible to form an effective blocking force.
International hot money players are the best in the world's financial system. They are good at catching every mistake and loophole of their opponents, and then launch the most violent attack.
The selling in the market is like an erupting flood, pouring down. If you throw a few bags of sandbags into it, if you can't stop it, it will be swept away by the rushing torrent in an instant.
Under the joint attack of foreign capital, a large amount of precious funds of the Hong Kong Monetary Authority were wasted in futile resistance.
There is not much remaining funds left!
The downward trend is unstoppable!
"It's over!"
"We will all be sinners!"
Liang Zhaomin burst into tears. Looking at the plummeting Hang Seng Index, his body lost its center of gravity and collapsed to the ground on the spot.
"Director!"
"The index has not fallen!"
An assistant was surprised to find that the Hang Seng Index on the big screen in the Hong Kong Monetary Authority actually showed 7566 points!
Wow~
On the computers of many traders, the Hang Seng Index also displays this number!
The K-line trend of the market, that white line, bends up and down many times in a row, as if there is a bug, which makes people hold their breath and raise their heart to their throats.
"What's going on! Is the counting board broken?"
"How can this be!"
Liang Zhaomin was helped up, looked at the display above his head in front of him, and rubbed his eyes vigorously.
I was shocked on the spot!
7682.
7864.
7951.
....
Hang Seng Index surges!
It instantly jumped over 600 points and reached a high of 8129 points!
....
The Stock Exchange, in the trading floor.
"Why did I lose my position!"
"what happened?!"
Many people in the market were surprised to find that their Hang Seng Index futures positions were forced to be liquidated!?
There was no time to increase the margin, and the futures exchange didn’t even notify them by phone!
When they looked up again in astonishment and looked at the trading board, they were already stunned on the spot.
In less than 30 seconds, the Hang Seng Index increased by more than 600 points out of thin air!
It is still jumping back and forth between 8094 and 8150 points.
"There's something wrong with the computer! You bastard!"
Zhan Zhong couldn't accept this fact, so he picked up the computer and threw it to the ground.
"I'm going to jump off the building!"
.....
"413,462,089,067... I want to buy them all! As many as you want!"
Feng Yiwen stared at the trading market and quickly issued orders.
Whatever happens next to him has nothing to do with him.
Now that you have chosen to enter the market, there is no way out.
Twenty traders instantly placed a buy order of 50 billion, buying at a price dozens of levels higher than the current stock price.
The stock prices of more than a dozen blue-chip stocks soared into the sky instantly, and the Hang Seng Index continued to soar!
8230.
8360.
8511.
...
More than 100 billion buying orders have blocked the market of these stocks, and they are buying stocks like crazy!
Wall Street was in an uproar.
Ring ring ring~
Phones rang across the trading floor.
Countless traders picked up the phone and cursed.
The futures exchange issued an emergency notice to them, informing them that their positions had been liquidated, or requiring them to make a margin call immediately.
Otherwise, all their futures contracts will be forcibly liquidated in five minutes!
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