1384 [Stock Crash is Coming]
On Monday, October 19, the Tokyo stock market opened one hour earlier than the Hong Kong stock market, and it is also a barometer of the Hong Kong stock market.
Before the opening gong sound had passed, the stock price began to fall sharply.
The news came back to Hong Kong, and one hour later, the Hong Kong stock market opened.
The stock investors who have already received the news and foresee the crisis started selling off as soon as the market opened, and fell by 120 points as soon as the market opened.
In the afternoon, the stock market fell by another 235 points, falling by 420 points throughout the day, with a single-day drop of more than 11%, which was the worst one-day decline on record.
At the same time, the Tokyo stock market in Japan also plummeted by 620 points, a drop of more than 14%, the Singapore stock market fell by 169 points, a drop of as high as 12%, and the Australian stock market fell by 183 points, a drop of more than 10%.
Stock markets such as Paris, Frankfurt, Stockholm, Milan, and Amsterdam also plummeted after the market opened, with a drop of between 6% and 11%.
Stock markets around the world, except for the United States that have not opened, are all falling and falling continuously.
When the news came back to Hong Kong, the market was in panic. Many people felt that something was wrong and the end of the world was coming. However, some people were lucky enough to wait for the opening of the US stock market tonight.
The Hong Kong time zone is thirteen hours faster than the New York time zone. When it was already Monday in Hong Kong, it was still Sunday night in the United States.
Therefore, when Hong Kong has already opened, the United States is still closed. The US stock market is the barometer of global stock markets. Once it collapses, the impact will spread all over the world. Therefore, investors around the world almost follow the lead in US stocks.
If it can hold on in the end and not collapse, then this time it will be just a small fluctuation. But if the US stock market collapses, the stock market crash in 1929 may make a comeback.
At that time, an economic crisis that swept the entire capitalist market will break out, with tens of millions of people unemployed, hundreds of millions of people displaced, economic recession, social turmoil, and even triggering World War III. It is not impossible.
Therefore, people's hope is now all on the US stock market.
"Mr. Xia, I didn't expect that the Hong Kong stock market would fall so much today. If the US stock market plummeted, the Hong Kong stock market would definitely collapse." Liang Botao said excitedly.
Stock market crashes are rare in decades. For investors, it is certainly a catastrophe, but for speculators, it is also a carnival.
If Xia Tian did not sell stocks in advance, Liang Botao would definitely be worried about death now. But now, he is relaxed and watches the fire from the other side of the river, hoping that the stock market crash will be as big as possible.
"Yes, I don't know who will suffer this time." Xia Tian nodded and said, "By the way, are you choosing the right target?"
"Don't worry, Mr. Xia, I have chosen a few big fish, and I guarantee that we can return with a full load this time." Liang Botao said with a smile.
The total market value of the Hong Kong stock market exceeds HK$400 billion. With the amount of funds in the summer, of course, it is impossible to catch all these listed companies in one go, so you can only choose a few big fish to focus on purchasing. As long as you catch those big fish, this stock market crash will make a fortune.
"Okay." Xia Tian nodded with a smile.
...
In the evening, I didn’t get off work in the summer, and I stayed in front of the computer and paid attention to the US stock market with Liang Botao and colleagues from the investment department.
"Mr. Xia, look, the stock markets in France, Germany and the Netherlands are all falling. In my opinion, the US stock market has collapsed this time." Liang Botao said with a smile.
Xia Tian nodded and was also very excited when he looked at the stock index that was falling on the computer screen. These are all money!
Before I knew it, I waited until 9:30 in the evening, but everyone was not sleepy. Instead, they were very energetic and stared at the screen with wide eyes because the US stock market was about to open.
"God blesses you, you must not collapse. If you collapse, you will be finished."
"I rely on it to provide cars and houses. Don't collapse! If it collapses, I will jump off the building!"
"Fortunately, I let go of all the stocks two days ago, otherwise I would have been unlucky this time."
They talked about it because the Hong Kong stock market plummeted by 10% this time, and many people were trapped, including colleagues from these investment departments.
At this time, the US stock market had already opened.
As soon as the market opened, the sound of gongs had not subsided, and the US Dow Jones Industrial Average fell by 68 points.
This was like a signal gun on the track and field field. In a blink of an eye, the selling price surged, and it was all big selling. The screen was full of red waves and a slump. Only 52 stocks listed on the New York Stock Exchange rose against the market, and all other stocks fell.
"Mr. Xia, you see, it's all big money. It seems that the big institutions are selling out and cashing out and leaving the scene." Liang Botao smiled.
There are generally two priority principles for stock trading. One is that the lower the price, the more priority the transaction is; the earlier the time, the more priority the transaction is.
In addition, there is also an implicit priority principle, which is to give priority to those with large quantities and institutions.
Large institutions are different from retail investors. They have dedicated channels during call bidding, which can trade faster than retail investors. Therefore, retail investors will never beat large institutions and can only eat bad things behind their backs.
Now, when the situation is not good, all of them have begun to sell and leave. However, retail investors still have to queue up patiently and wait for their transactions to be completed.
Because large institutions have many stocks in their hands, they sell a lot, but there are few takers in the market. Ninety-five blue-chip stocks that account for about 30% of the S&P Index did not have a single share within one hour of opening. So in order to cash out, the price had to fall and fall again and again.
Seeing the screen flashing and the stock price fell rapidly, Xia Tian was also extremely excited. All these are money!
"Mr. Xia, if you heard me and traded the Dow Jones Futures Index, we would probably have made a lot of money now." Liang Botao said regretfully.
"Oh, Botao, people should not be too greedy. Be careful not to lose rice if they steal chickens. Look at it's falling very quickly now, then do you know when it will stop falling? Can it withdraw in time?" Xia Tian waved his hand and smiled, "It's good that we can buy the bottom this time."
"Mr. Xia, your qi cultivation skills are really good." Liang Botao said admired.
To be honest, such a good opportunity to make money is a fool if you don’t feel moved. But summer is really not easy to resist the seduction or temptation. This skill in nourishing energy is really amazing.
"You have to be welcome." Xia Tian smiled.
In fact, he also wants to make money, but the risk of expiration index is too high, and he may lose everything if he is not careful. In comparison, he prefers stock trading, especially buying at the bottom and buying.
"Botao, which stock do you think is the best at buying at the bottom this time?" He smiled and asked Liang Botao for advice.
"Mr. Xia, for the sake of safety, of course it is better to buy blue-chip stocks. Look at General Motors, Coca-Cola, Telegram, Westinghouse, and Yuntong... These blue-chip stocks are plummeting. If you buy at the bottom, we can make a lot of money." Liang Botao said with a smile.
"It makes sense." Xia Tian nodded with a smile, "Okay, let it continue to fall, I'll go back to bed first."
"Ah?!Mr. Xia, are you no longer staring at me?" Liang Botao said in surprise.
This is a once-in-a-lifetime opportunity to make money, with the returns that may be as high as billions or even tens of billions of dollars. In this case, it is really weird that summer can actually sleep.
"Isn't it falling when I look at it?" Xia Tian smiled, "If you are not sleepy, please help me watch it. I am sleepy and I'm going to go back to bed."
"..." Liang Botao blinked his eyes, shook his head with a wry smile, "I really can't learn the demeanor like Mr. Xia in my life."
To be honest, he is very excited now. Not to mention feeling sleepy, even if he is given a tranquilizer, he is still excited. Because it is all money, and the business opportunities of billions or even hundreds of billions of dollars are here. If he succeeds, he will never be short of money in his life. How could he sleep when he thinks about this?
But Xia Tian looked calm and indifferent. This open-mindedness is really admirable.
Chapter completed!