Resource Tycoon Reborn

On October 29, due to the Southeast Asian financial crisis, the stock market decline in Southeast Asian countries and regions has generally reached more than 40%. Southeast Asian countries have very close economic and trade cooperation relations with Japan, the United States and the European Union. The Hong Kong stock market

The recent deep decline has severely dampened the confidence of global investors, and there are rumors in the United States that the Federal Reserve may raise interest rates in the near future.

At that time, global stock markets generally experienced sharp declines. The stock market indexes of major countries fell by as little as 3%, 5%, and as much as more than 10% per day! Among them, the New York Dow Jones Index in the United States plummeted by 603%.

Point seven or eight, setting the largest daily point drop in history! And this was the result of a large amount of funds entering the market to support the market half an hour before the market closed!

Affected by the general decline in global stock markets, Hong Kong's Hang Seng Index fell again, breaking through the 7,000-point mark, reaching a low of 5,897.43 points, and finally closing at 6,123.12

points, a drop of more than 10%! Compared with the highest point before the outbreak of the Southeast Asian financial crisis, the Hong Kong stock market has fallen by nearly half!

On October 30, the Hong Kong stock market opened again. As soon as the market opened, the screen was already dominated by green!

Hong Kong stock investors looked at the falling and falling stock prices, and they were all on the verge of tears! A few months ago, they were still cheering for the Hong Kong stock market to continue to hit new highs. Who would have thought that, in just a short period of time, they would

In the past few months and hundreds of days, their wealth has shrunk significantly! Especially in the days from October 19 to today, the Hang Seng Index has been sliding down like a slide, causing these stock investors to fall one by one.

Terrified!

Luo Ding looked at the falling stocks on the screen. He slumped down in a chair. He was already in his early sixties, and nearly one-third of his wealth was invested in the Hong Kong stock market. In the first half of 1997,

Luo Ding watched his stock market value increase day by day, and he was filled with joy every day. His monthly income from the stock market was already close to his pension income, which made him very lucky at once!

When the Southeast Asian financial crisis broke out, although some people advised him to liquidate his positions and flee in time, Luo Ding always felt that it was impossible for the Hong Kong government and the central government to watch the collapse of the Hong Kong stock market, and the two stocks in his hands were at that time.

During the rising stage, Luo Ding was reluctant to take action. As a result of this hesitation, the stock on hand suddenly turned downwards. Not only did he swallow up all his profits, but he also lost 10% of his principal. But it made him feel bad!

As a result, Luo Ding was even more reluctant to take action. And later, although the Hong Kong stock market continued to fall, the decline was not large. Occasionally, it would rebound. It just went up, down, down, down, up.

Mr. Luo Ding couldn’t make up his mind either!

This delay has dragged on until now. In the past few days, the stocks in Luo Ding's hands have shrunk by 47%! Luo Ding, who couldn't sleep all night, always looked forward to a decent rebound after the big fall.

.However, as soon as the market opened today, the stock in his hand fell by another 3%, which made the old man completely despair!

"Lao Luo?" Someone patted him on the shoulder and said, "How are your stocks?"

Luo Ding turned his head in a daze. He knew the person speaking. He was an old friend of his, Lu Qixiang.

"Lao Luo, why are you like this?" Lu Qixiang was startled and said. If it weren't for the more than ten years of friendship that made him so familiar with Luo Ding, he would have almost suspected that he had recognized the wrong person.

Luo Ding, who was always energetic and smiling, now looks several years older after not being seen for a few days! And his eyes are dull and dull.

"What else can I do?" Luo Ding said with a crying voice, "I will pay for it, I will pay for it all! Even my coffin will be paid for!"

"Huh? You haven't sold those two stocks yet?" Lu Qixiang was startled, and his expression changed a little. He also knew that the two stocks in Luo Ding's hands were indeed good stocks, but... no matter how good they were,

In today's general environment, it is impossible for his stock not to fall! Even the stock of Carrefour Group in his hands has fallen by 17% in the past few days, hasn't it?

Looking at Luo Ding's appearance, Lu Qixiang couldn't help but secretly feel grateful for his wise decision!

Carrefour Group's listing in Hong Kong has also been actively pursued by Hong Kong citizens. The stock price has been rising, reaching a peak of HK$58.69 per share! Later, Carrefour Group's stock has been stable at HK$53.44.

It was only before the outbreak of the Southeast Asian financial crisis that Carrefour Group's share price fell to HK$5 because Carrefour Group issued multiple warning bulletins and slowed down Carrefour Group's entry into the markets of Southeast Asian countries.

About ten yuan!

Lu Qixiang is a shareholder of Carrefour Group, and after the outbreak of the Southeast Asian financial crisis, he sold all other stocks in his hands and converted them into Carrefour Group stocks. The reason is actually very simple. In his opinion, the main body of Carrefour Group

Still in the mainland, although there are branches in Japan and Russia, they are completely disproportionate to the scale of the mainland. Therefore, as long as there are no problems with the mainland's economy, the development results of Carrefour Group this year are worth looking forward to.

Although the economic development of the mainland will be affected by the financial crisis in Southeast Asia, it is unlikely to fall into despair like the countries in Southeast Asia!

Even if Carrefour Group's stock fell temporarily due to the general environment of the stock market, Lu Qixiang also believes that as long as the impact of the Southeast Asian financial crisis has passed, Carrefour Group will definitely become the first batch of stocks to rebound! If nothing else,

Just his vision and analytical ability make everyone feel at ease!

Lu Qixiang was also pleasantly surprised by the recent performance of Carrefour Group's stock. When the Hong Kong stock market generally fell by more than 40%, Carrefour Group's stock only fell by 17% before stabilizing again.

.

Therefore, although the Hong Kong stock market fell sharply, Lu Qixiang was not too panicked.

But seeing his old friend like this, Lu Qixiang felt very sad. He had also advised Luo Ding to either temporarily withdraw from the stock market, or to buy shares of Carrefour Group like him. Unfortunately, Luo Ding

Didn't listen to myself!

The Hong Kong stock market has fallen sharply in such a short period of time, and the impact on the confidence of Hong Kong investors has been revealed in the past few days. Many people have lost their money and have become penniless ever since! In just ten days,

, 23 people in Hong Kong have committed suicide due to this, and many companies are on the verge of bankruptcy. Hong Kong investors are now panicked!

Although the Hong Kong government and the Monetary Authority have been working hard to stabilize the financial market, due to the negative impact of external factors, especially the sharp decline in the New York stock market in the United States, the confidence of Hong Kong investors, and even investors around the world, has been severely affected.

All your efforts have come to nothing!

"Lao Luo, I advise you to temporarily clear out your stocks!" Although it was difficult to say it out, Lu Qixiang still advised. In the current stock market, it is obvious that the decline has not passed yet. If Lao Luo's money is really in the stock market,

If he loses everything, what will he do if his pension ends in the future? Now if he cuts off the meat and clears the warehouse, at least some can be left!

"Half, it's my money!" Luo Ding said in agony. If he liquidated his stock now, not only would all the money he had made in the stock market in the past two years be swallowed up, but he would also lose more than 30% of his money. For a retired man,

For him, it’s not a small amount!

"Lao Luo, if you keep the green hills, don't worry about running out of firewood! If you continue to hesitate, looking at today's situation, you may lose money... Huh? Lao Luo, look, some stocks have become popular!" Lu Qi

Xiang pointed to the big screen and said in surprise, "It's Carrefour Group stock!"

At this time, the stock trading hall was filled with exclamations, "It's up! It's up! Some stocks have gone up!" The exclamations kept coming one after another!

The stock price of Carrefour Group began to rise as if it was a signal. Just when everyone was pleasantly surprised by this, Kwok's Shipping Group, Chow Tai Fook Jewelry and Gold Shop, several major mainland listed companies, as well as Cheung Kong Holdings, Hutchison Whampoa Group, Hong Kong

The stocks of many well-known Hong Kong companies such as Electric Light Group and Cheung Kong Infrastructure Group began to rise one after another!

However, in just ten minutes, although green still occupies the majority of the screen, it can no longer dominate the country. Red is slowly but surely expanding. The Hang Seng Index, which has been declining rapidly since the opening of trading, has also clearly declined.

It started to stabilize and pick up! People were surprised and couldn't help but look at each other, wondering what was going on in such a dramatic moment.

"Hurry and watch TV!" Lu Qixiang pulled Luo Ding and said urgently, "Have major companies started to buy back stocks in order to stabilize the stock price?" Too low stock prices will undoubtedly have a serious impact on the normal operations of listed companies.

, and if the stock price is too low, it will also reduce people's confidence in the company, make consumers doubt the company's products, and weaken the ability of these companies to sell products and expand the market. There may even be an operating crisis due to the plummeting stock price! Hong Kong stock market

Since the crash, people have been looking forward to various companies to come forward to stabilize the company's stock price, but all the time they only hear the sound of the stairs and no one comes down!

Luo Ding also came to his senses at this time. The two stocks he bought had also turned red at this time. Although the increase was not large, less than 1%, it gave people a glimmer of hope after all.

!

At ten o'clock in the morning on October 30, nearly fifty well-known listed companies in Hong Kong issued formal announcements to buy back their own stocks, thus kicking off a wave of Hong Kong listed companies buying back their listed stocks! (To be continued.

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