Rebirth 1975: Tore up the call-back order at the beginning

Hong Kong Island. Stock Exchange!

A few hours after the New York Stock Exchange closed, investors had not yet reacted to the huge disaster. The Stock Exchange on Hong Kong Island was about to open!

Before the start, in one of the few VIP rooms in the exchange, Yan Gengdong, president of Yuanwei Group, was drinking tea and reading today's newspapers.

The business sector continues to brag about good news about the bull market. Although the Hong Kong stock market just suffered a plunge just three days ago on Friday, all financial experts are still very optimistic about the future of the Hong Kong stock market.

Of course, these people are not bragging without brains, but have basis.

Since late July last year, the Hong Kong stock market has begun to gain momentum, with the market rising sharply.

Driven by buying orders from local investors and overseas institutions, the Hang Seng Index broke through the 1986-point mark for the first time on September 9, 24. By the end of 2000, the Hang Seng Index reached a high of 1986 points.

Entering 1987, Hong Kong Island's economic performance was very satisfactory, the real estate industry was also booming, and exports and re-exports performed strongly.

At the same time, the Hong Kong Island Banks Association also announced a reduction in deposit interest rates. Supported by various favorable factors, the Hang Seng Index continued to gain momentum and hit new highs repeatedly.

As of October 10, the Hang Seng Index closed at 1 points, up 3949.73% from the same period last year.

On October 10, Hong Kong stock trading volume reached 2 billion yuan, once again breaking the historical record.

All signs are proving that the Hong Kong stock market is in a period of rapid development and there will be no problems...

After reading the familiar business section, Yan Gengdong placed the newspaper on the coffee table in front of him, picked up the tea cup and took a sip of tea.

At this time, his mind was thinking about the news he had received not long ago.

When the New York stock market crashed last night, Yan Gengdong had been paying attention to the situation there and sent the news back to the capital in a timely manner.

Therefore, he knows everything that happens in the New York stock market.

Looking at the predictions of these experts at this time, Yan Gengdong only felt a little funny.

These experts only limited their attention to Hong Kong Island, but what they didn't know was that with the development of information technology, financial transactions around the world have been connected.

The accelerated pace of financial integration has also caused some negative effects, that is, when a certain stock market plummets, other stock markets will not be immune.

Although Hong Kong Island is an island, thousands of miles away from New York, the economic connection between the two is very close. If the stock market crash breaks out, Hong Kong Island will inevitably be affected.

In fact, this kind of thing has been foreshadowed for a long time. Last Friday, the Dow Jones Industrial Index fell sharply, and global stock markets were also affected. Hong Kong stocks fell by more than 100 points that day.

However, the decline was very sharp at noon that day, and most investors did not know what happened at the time. However, the market began to rebound in the afternoon.

Therefore, market professionals generally believe that the correction at noon is just a technical adjustment of the market, and they all say they continue to be optimistic about the market outlook.

This is exactly the same as the situation in New York. But judging from the performance of the New York stock market on Monday, the performance of Hong Kong stocks will not be very good today. I just don’t know if it will fall as badly as the US stock market...

While Yan Gengdong was deep in thought, a harsh electric bell suddenly sounded outside. It was the Hong Kong stock market opening!

Not long after the bell rang, Xu Zhifeng, the head of the investment team, hurried in from outside, and then excitedly said to Yan Gengdong: "Mr. Yan, your conclusion is correct. There is an overwhelming amount of selling in the market. The entire market opened lower, and the Hang Seng Index fell 120 points to close at 3662.90 points.”

Yan Gengdong nodded with satisfaction. According to their plan of investing US$10 billion and shorting the Hang Seng Index with 5 times financial leverage, every time the Hang Seng Index rises or falls a little, their income will be a profit or loss of HK$6185 million (the exchange rate between the Hong Kong dollar and the US dollar is 7.8:1).

In other words, within 15 minutes of the opening of Hong Kong stocks, Yuanwei Company made a huge profit of HK$74 billion, nearly US$10 billion.

Although it is incomparable to the team in New York, compared with the investment companies in Hong Kong Island, it is already terrifying.

The gap between Hong Kong stocks and U.S. stocks is bound to be too big, and it cannot support too much short selling.

The Hang Seng Index plummeted at the opening of the market, which was a reassurance for Yan Gengdong. While he kept people watching the stock market, he spread the news back to the capital...

Like the U.S. stock market, Hong Kong stock investors became panicked in the face of the avalanche-like stock market crash and left the market one after another. However, many big blue chips had only sellers but no buyers. Stock investors had no way to sell, and the market was extremely pessimistic.

At the end of the afternoon, the Hang Seng Index closed at 3547.90 points, a drop of 235 points in half a day.

When the market reopened in the afternoon, the Hang Seng Index fell another 180 points in just one hour.

Finally, the Hang Seng Index closed at 3362.39 points. In just one day, the Hang Seng Index plummeted 420 points, down 11.1%. Hang Seng Index futures, including spot months and forwards, all fell below the limit.

However, what Yan Gengdong and others did not expect was that although the Hang Seng Index plummeted 420 points, Zhou Yang did not let them close the net.

You must know that the U.S. stock market plummeted that day, and Zhou Yang asked them to close the market before the market closed, but the Hong Kong stock market did not do this.

Obviously, Zhou Yang believes that there is still room for decline in Hong Kong stocks.

Yan Gengdong also supported Zhou Yang's inference, so investment on Hong Kong Island continued...

..........

The power of the global stock market crash is obviously not limited to Thieves and Hong Kong Island. In fact, the situation of this stock market crash is far more serious than people expected, and its impact is also extremely terrifying and far-reaching.

When the news of the New York stock market disaster spread, an unspeakable panic arose in everyone's mind: "Is the stock market crash of 1929 happening again?"

Huge panic is spreading across the world like a plague, casting a huge gloom over every investor's mind.

At this time, the horrific impact of the stock market crash is also gradually becoming apparent!

In North America, the Dow Jones Index fell 10 points in one day on October 19.

On this day, 5030 billion U.S. dollars of stock value in the entire New York stock market disappeared into thin air, which is equivalent to the annual gross national product of France.

In Europe, London's "Financial Times" index fell by 19 points on the 183.70th, a decrease of 10.1%. The entire market of 500 billion pounds evaporated out of thin air, and many people could only walk to the rooftop.

与此同时，瑞士信贷银行指数的跌幅为11.3%；联邦德国为3.7%；法国为6.1%；荷兰为7.8%；比利时为10.5%...

In Asia, the "Nihon Keizai Shimbun" stock price average index in Tokyo fell by 19 points on the 620th and then fell by 20 points on the 3800th. Hundreds of billions of yen in assets were wiped out.

新加坡《海峡时报》指数19日下跌169点，跌幅为12.4%；澳大利亚所有普通股价格指数下跌80点，跌幅为3.7%。

Stock markets in Brazil and Mexico fell by more than 20%, and stock markets in Paris, Frankfurt, Stockholm, Milan, and Amsterdam all fell by 6% to 11% to varying degrees...

Faced with the global stock market slump, local governments were shocked and quickly took measures to rescue the market.

Hong Kong Island immediately announced the closure of the stock market for four days, New York announced a suspension of computer trading and shortened trading hours, West Germany announced a cut in the securities repurchase rate, and the Group of Seven met to discuss how to provide liquidity to the financial system...

Perhaps due to the effect of a series of rescue measures, stock markets in New York, Tokyo, London and other markets generally rebounded on the 21st.

But before investors could catch their breath, another major stock market crash in the Asia-Pacific region...

The Hong Kong stock market was suspended for four days, and I thought the storm was over.

However, on the first day of the reopening of the stock market on Monday, the 26th, as if the decline had been suppressed, the Hang Seng Index plummeted 1126 points, a drop of 33.5%, setting a record for the highest decline in the Hong Kong stock market since November 1986. All profits are swallowed up.

In response, stock markets in Tokyo, Sydney, Bangkok, Singapore and Manila also fell.

So the news of the Asian stock market crash spread back to Europe and the United States, causing the European and American stock markets to fall.

从10月19日到26日短短的8天时间内，股票买卖双方因股市狂跌而损失的财富高达2万亿美刀之多，是第二次世界大战全球损失的5.92倍。

You must know that throughout World War II, the total direct and indirect losses of all countries in the world were only 3380 billion US dollars.

Correspondingly, under the stock market crash, banks went bankrupt, factories closed, and companies laid off massive layoffs... It seemed that the Great Depression was about to happen again.

And while people all over the world are grieving for this unexpected stock market crash, everyone in the Scythe Project headquarters on the outskirts of Beijing is happily counting the horrific returns from this investment...

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(Related reports on the Hong Kong stock market crash!)

(Women are everywhere!)