The first thousand one hundred and seventy-six chapters plummeted all the way
As the financial center of the East, the Hong Kong City Exchange is a very busy place. It was only seven or eight o'clock that someone was waiting here early, waiting for the stock market to open, just as if they could get the first place when they came early.
In the past, these investors were completely unaware of the situation where they were smiling and chatting in groups at the door. Today, these investors looked very serious, and they looked even more anxious when they looked at the exchange door. Someone even smashed the walls of the exchange and shouted, why didn’t they open the door?
Yes, these Hong Kong City stock investors are very anxious and irritable because they already know that Piero, the Morgan family, who was known as the godfather of Wall Street last night, had openly declared war on Hong Kong City and wanted to set off a financial crisis in Hong Kong City.
This news made all investors feel very panicked, so they hurried to the exchange, hoping to sell all the stocks in their hands as soon as possible and not be affected by the financial crisis.
It was around 9:30 in the morning, and these investors were finally allowed to enter the market. Although there was no trading time yet, these investors had already flocked to the windows of various brokerages and waited for the opening and selling.
Time passed by minute by minute and minute, and soon it was ten o'clock. The Hong Kong City Exchange opened trading on time. These investors also shouted hysterically and sold, waving their documents in their hands.
Some people are lucky enough to register their documents, but more people are not crowded in front of them. They are secretly praying that the so-called financial crisis is just a threat and does not actually exist.
But unfortunately, their prayers did not work, because as the stock market opened, there was no fancy thing. With Fenghui and Hong Kong Hong, almost all stocks in the entire Hong Kong City stock market opened with a straight dive. In just a few minutes, the Hong Kong stock index plummeted by more than eight percentage points. In just ten minutes, the stock index fell below the 8,000-point mark.
This situation suddenly made the entire exchange lose its voice. Everyone looked up at the market, as if their souls had left their bodies, and they couldn't believe their eyes.
How could it fall so quickly and harshly?
The picture seemed to be shut down, but then everyone reacted and rushed to the window, shouting harder that they wanted to sell and sell at a lower price.
The market panic is not only the investors in these exchange halls, but also for many investment companies.
Many investment companies and fund companies are like these investors. They prepare early in the morning, and they even know more than ordinary investors. They know that the Hong Kong dollar exchange rate had fallen last night. This is why some people are shorting the Hong Kong City economy. Morgan's declaration is not a simple threat. They are really carrying a machete that is 40 meters long!
Therefore, these investment companies and fund companies also placed orders and sold out at the first time of opening, but they also failed to have time because the stock market fell too sharply this time!
The market plunged 8% within five minutes. This can trigger the circuit breaker mechanism if it is placed in the United States. However, Hong Kong City does not have a circuit breaker mechanism, so the plunge will only continue. The decline is too strong, which makes all investors unable to react.
"Sell! All Fenghui stocks are sold! All Hong Kong Hong stocks are sold! All Xingya Media stocks are sold..."
The phone calls from various brokerages on the exchange were ringing constantly, and they received only one selling order, whether it was a heavyweight stock like Fenghui Honghong.
Or non-weight stocks such as Xingya Media are going to sell them.
All securities brokers are desperately placing orders for their clients, but the stock market is now plummeting and selling everywhere. Even these brokers are busy in the exchange and shouting so hard that their voices are hoarse, and no one can do the selling orders. Moreover, as more and more sell-offs will only aggravate the panic in the entire market and make the stock market fall even more.
It’s not that these investors don’t know what it means to sell after the trend, but they don’t care about so much at this time. They just want to get rid of the stocks they have as soon as possible, and don’t want to lose all their money. Or it can be said that every stock market investor is a sophisticated egoist who just wants others to be trapped in the stock market and cash out on their own.
This is not wrong, but when all these people are doing the same selling action, trouble comes. It is also under the influence of these investors and other investment companies that the stock market fell further and soon approached the 7,000-point mark.
Seeing this news, Tong Hua, who was still at the MAS, could no longer sit still: "You can't fall below the 7,000-point mark so quickly, as this will make the market even more difficult to save!"
In fact, there is no need for Tong Hua to speak. Zhou Ming and Wen Zhiwei also saw this situation. Zhou Ming also asked Wen Zhiwei to prepare early. At the same time, Zhou Ming also called Amin and Huo Mingyuan to ask them to prepare for the rescue of the market.
"It can be done by keeping the stock market at 7,000 points in the morning or even today, but this situation may not be the worst."
Zhou Ming then pointed out the situation in the foreign exchange market to Tong Hua. Only then did Tong Hua realize that when they were paying attention to the stock market, the Hong Kong dollar exchange rate was also falling, and the Hong Kong dollar exchange rate against the US dollar had already approached the 0.12 mark without knowing it.
"Damn it! These guys are so arrogant. Do they really treat my Hong Kong City as an ATM?" Tong Hua said angrily.
Zhou Ming didn't know what to say at this time. Although they had expected a complete collapse, it still felt unacceptable that it really happened.
Of course, Zhou Ming was also a little prepared. Just when the market was closed at noon, Wen Zhiwei and the HKMA held a temporary press conference. He reiterated the exchange rate policy between the Hong Kong dollar and the US dollar, and insisted that the Hong Kong dollar would not depreciate; secondly, Wen Zhiwei also issued some policies on the financial market.
And at the end of the press conference, Wen Zhiwei raised his arms and shouted: "Our Port City has very strong financial strength, our market is a healthy and orderly market, and no force trying to challenge it will be successful!"
Zhou Ming still has the same idea. As for the current situation in the entire Hong Kong market, it is not wise to directly end foreign exchange. The best way is to use the influence of the HKMA and cooperate with a certain amount of market intervention to best stabilize the market.
Later, things did develop as Zhou Ming expected. With Wen Zhiwei announcing financial measures for the rescue at the press conference, coupled with the market hedging carried out by Amin and Huo Mingyuan, the stock market rebounded slightly after the opening in the afternoon.
Tong Hua and Guo Xiaohua were relieved: "It seems that there is finally some hope."
Zhou Ming looked up at the market and said to them with a wry smile: "Don't be too happy too early."
Zhou Ming didn't want to pour cold water on them at this time, but Zhou Ming didn't want to lie to them at this time.
This slight rebound lasted only for about a quarter of an hour, and then the stock market began to decline again.
At first, it was just a few stocks falling, but soon the decline spread to the entire market like a virus, causing a large decline, and the decline was also increasing. After an hour, it would almost catch up with the morning decline.
This is something that Tong Hua and Guo Xiaohua cannot tolerate, and they believe that the seven thousand points of barrier must be kept.
Zhou Ming also believed that the stock market could not be allowed to continue like this, so he could only let Amin and Huo Mingyuan enter the market again, and finally stabilized the stock market at the 7103.79 figure at the end of the closing.
Although the goal was finally achieved, neither Zhou Ming nor Tong Hua nor Guo Xiaohua nor Wen Zhiwei were relieved. After all, this was only the first day and he had paid so much foreign exchange. What should we do later?
The confrontation within the market is fierce, while the public opinion battlefield outside the market is also fierce.
First of all, overseas media took the lead in firing. They said that this financial crisis in Hong Kong City was a punisher action initiated by international investors such as Morgan, and was a punishment for the Hong Kong City government's intervention in the free market. They even believed that the ** government was not a competitor to investors in the free market at all.
The Hong Kong City media quickly responded that these so-called international investors were actually a group of bandits and robbers, and they were the market disruptors. The Hong Kong City stock market was already developing steadily, which was a financial crisis they deliberately set off. The Hong Kong City media finally believed that the Hong Kong City government would definitely win this financial defense battle and make the godfather of Wall Street fail in Hong Kong City!
The first time the Hong Kong City media not only did not angrily criticize the Hong Kong City government, but also helped the HKMA, but the final result was disappointing them, because according to the deployment of Zhou Ming and Wen Zhiwei, they would not fight with each other when the other party had already aroused market sentiment. The result was that the decline in the stock market was inevitable.
Even when Christo received news from the Hong Kong City media, he felt that these media thought too well, and the result was destined to disappoint them.
At 10 o'clock the next morning, the plot was almost a replica of the previous day. The stock market plunged at the opening, and the Hong Kong stock index fell by 7% in a few minutes, easily breaking the 7,000-point threshold that Zhou Ming and Wen Zhiwei defended yesterday, and ran wildly towards the direction of 6,000 points.
Seeing this situation, Holden in Quaker Building suddenly said: "The results yesterday must have been entered the market by the HKMA, so you might as well guess whether they will enter the market again today?"
Christo first spoke and said: "I really hope they will enter the market again, because in this way we can make a lot of extra money again!"
At this moment, Zhou Ming is indeed facing such a choice in the Hall of the Monetary Authority.
Tong Hua and Guo Xiaohua have other things to deal with. Today, only Zhou Ming and Wen Zhiwei are in the Financial Management Bureau. Although there are fewer people, the pressure on Zhou Ming is not enough. On the contrary, as the situation in the stock market is getting worse and worse, Zhou Ming feels that the pressure on his shoulders is getting greater and greater.
"Mr. Zhou Ming, are we... still saving the market?" Wen Zhiwei asked, his tone was quite confused, and he didn't even know what kind of answer he wanted.
Chapter completed!