Chapter 2109: : Rescue the market and stop loss in time (1 more)
The market is closed!
HK stockholders rushed to inform each other, and they all breathed a sigh of relief.
Except for short-sellingrge sums like Xia Xian, no one wants the stock price to continue to fall like crazy.
"I heard that the chairman of the Stock Exchange called the Financial Secretary of HK in the middle of the night to request the suspension of the market. Is it true or not?"
"There is a rtionship between true and false, and the market is closed!"
"When the market opens next Monday, will the stock market be stable?"
"It must be stable..."
This kind of discussion can be said not only in the pantry of bigpanies, but also in the housewives and grandma encountered in the vegetable market.
They all count on good news when the market resumes next Monday after the market is closed for four days.
Zhang Bailun is a pity. He didn''t expect that the Stock Exchange would y this hand. He couldn''t help but scold the chairman of the Stock Exchange and he was very embarrassed, but he knew that the Stock Exchange was actively responding to such a decision.
"I knew--"
What do you know?
I knew that the market would be closed for four days. I closed my position yesterday and made 58 million. Do you leave the market contentedly?
Xia Xian shook her head, "Baron, I took such a big risk, but it''s not just about making 58 million."
"Mr. Xia, do you think Hong Kong stocks will fall next Monday?"
"Whether it will fall, you pay attention to observe, it is easy to draw a conclusion."
What to observe is to observe US stocks.
This shock that has spread to global stock markets is all affected by U.S. stocks.
On October 20, four days after the Hong Kong Ind Stock Exchange announced that the market was closed, some people questioned that such a move would damage HKs image as a free economic port. The chairman of the Stock Exchange screamed that he was protecting it to the utmost extent. HK''s financial security!
This statement was supported by the Financial Secretary of HK.
Needless to say, the person who doubts is just not trading in stocks and can stand and watch the excitement without backache. Or it''s just like Xia Xian is doing this empty, I wish the stock market fell as much as possible.
Although Xia Xian shorted a lot, she said nothing about the four-day suspension of the Stock Exchange.
Making money is destined, why do we need to force the limelight to attract artillery fire?
Making a fortune through silence is Xia Xian''s basic strategy this time.
The chairman of the Stock Exchange was right. He was infamous after the suspension of the market, but he gave the Hong Kong stocks a few days of breathing time and gave the Hong Kong city government time to find a way to rescue the market.
On October 20, global stock markets continued to fall.
Not only is the stock price falling, but globalmodity prices are falling. From industrial raw materials such as precious metals and copper to daily necessities such as coffee, sugar and textiles, there is nothing that does not fall!
At this time, the voice of the chairman of the HK Stock Exchange suddenly became much less.
If HK does not avoid it, wouldn''t it be more affected?
It is not only Hong Kong stocks that are trying to rescue the market. In the United States, many listedpanies have released thetest financial reports and operating data in a timely manner. They want to give investors a boost:
Take a look, take a look, don''t miss it when you pass by, ourpany is profitable, and the stock is worth holding for a long time. Don''t sell it in a hurry!
Ha, it''s useless. The stock price of a listedpany that has been profitable is still falling.
This is very painful.
Bigpanies had to resort to tricks. They began to repurchase theirpany''s stock from stockholders to underpin the decline in Wall Street stock prices.
Largepanies pay out of their pockets, not only to rescue the market, but also to prevent their shares from falling into the hands of financial spectors whoe to buy the bottom.
These measures are effective. On October 21, the U.S. stock index rebounded by 120 points. Thank goodness, it is not a fall anymore. As long as it stabilizes, U.S. stocks will be able to slow down!
The US stock market is stable, and the global stock market is naturally stable.
On the HK side, the government also announced the governments "rescue" n for the stock market crisis: the government will arrange for the futures exchange to provide loan assistance of up to 2 billion Hong Kong dors, of which 1 billion will be directly allocated by the government, and the other 1 billion will be funded by the futures exchange. Shareholders and stockbrokingpanies will bear the burden together.
This is great news.
Yuli doesn''t quite understand:
"Mr. Xia, why does the government have to lend to the futures exchange when the stock price drops?"
"You let Manager Ji speak."
Manager Ji didnt mention, Zhang Bailun was happy to inform the beauty secretary: Because on the 20th, the HK futures exchange ount suffered a lot of losses, and the futures exchanges reserves were not enough to cope with this financial turmoil. The HK futures market Once it copses, those futures brokers will sell their stocks inrge quantities to cash out, and stock prices will fall even more severely. The futures market copses first, the stock market copsester, and the entire HK financial sector copses!"
It''s a pity that if the stock market doesn''t continue to fall, there will be less money to set sail.
President Xia is really stable, and he doesn''t seem to be worried at all.
A woman who can lose tens of millions, or earn tens of millions without changing her face, really can''t be underestimated!
...
"...Xia Dong, this is the situation."
Xia Ziyu also didn''t understand why the Hong Kong city government wanted to "rescue the market," but it borrowed from the futures market.
But someone at CR Investment understands, just exin it to her.
"Then wait until next week, that is, October 26, when the Stock Exchange opens, will the stock price rise again?"
Xia Ziyu''s problem is a bit tricky. It seems that there are many measures to rescue the market, but whether it will rise depends on the actual situation after the market opens. Xia Ziyu''s assistant can only vaguely say:
"At least it will not fall so fast. Apart from lending 2 billion to the futures exchange, the HK Association of Banks, Standard Chartered and HSBC, etc., announced that on the 26th, loan interest will fall from 8.5% to 7.5%, and the interest rate cut will stimte the stock market. . And Li Sheng also said that he would spend 1 billion to buy back shares, which is definitely good news!"
Before the stock market crash, Li Sheng was the rich man who raised more than 10 billion cash from the stock market by raising funds through rights issues of four of hispanies.
He is not the richest man in HK yet, but he will soon.
He wants to spend 1 billion Hong Kong dors to repurchase stocks, which is the same as those of therge listedpanies in the United States. It is a "rescue the market."
With so many underpinning people, it is indeed worth looking forward to when the 26th Hong Kong stock market reopens.
Don''t talk about rising immediately, at least the downward momentum should be stopped, right?
Xia Ziyu still felt ufortable.
If the market opens on the 26th, Xia Xian will close her position and earn tens of millions.
Xia Ziyu wanted to hear the conclusion that the stock market would rise from the mouths of his men, but they only dared not to continue the plunge.
Xia Ziyu also feels a headache, losing tens of millions a day, and CR will notst a few days.
Before, I felt that God was on her side this time. The Hong Kong stock market fell sharply on the 19th, and it seemed that he had begun to favor Xia Xian again.
In the beginning, it was run by Xia Xian. After the stock exchange was closed for four days, Xia Ziyu also slowly recovered her sanity.
In fact, if the Hong Kong stock market continues to fall on the 20th, Xia Ziyu can only reluctantly cut her meat and close her position. Fortunately, the Stock Exchange announced a four-day suspension of the market, giving Xia Ziyu a respite. During this period, many rescue measures were announced, and Xia Ziyu hesitated:
"If the stock market performs well tomorrow, the stock price of Lujia Newspaper can rise a little bit from the 19th, and our loss can be controlled within 8 million, we will immediately close out and leave the market!"
Xia Dong finally became sensible, and the assistant was very happy.
It''s not bad to lose 8 million to get out. This is called stop loss in time!