"What? Plunged again? Directly penetrated six thousand points?" Emperor Tongzhi said in shock!
The stock market is very sensitive to news. The limited modern industries of the Qing Dynasty are contained in it. This index can basically represent the high level of the industrial level of the Qing Dynasty.
The ups and downs of the standard clearance index can also prove the attitude of the people in the market towards industrial reform!
In Zai Chun's mind, the stock market has its own rules. It's not that it can't fall, but it must not plummet, and it must not affect people's morale!
The strange collapse yesterday and today made Emperor Tongzhi very angry!
But there is one difference between today and yesterday. Today, Zaichun is more fearful than angry. He really can't imagine why after the imperial court's eight million cash deposit yesterday, it plummeted by a thousand points today!
"In half a day, it dropped from seven thousand to six thousand? Who can give me an explanation? Who can give me an explanation! What is going on?"
The military minister on duty today is none other than Third Master Fu Qing. Third Master is also sweating on his forehead: "Your Majesty! Today's selling is even bigger than yesterday. It's no longer clear who is the mastermind!"
"The accounts of Prince Li and Prince Zheng were warned yesterday, but they are still selling today, and many royal nobles within the Eight Banners are selling!"
"Not only that, many court officials are also running away! The accounts of Shanxi merchants and Chinese businessmen are also desperately reducing their holdings. Suddenly everyone is dumping them overnight!"
"This is no longer just a sell-off by one or two forces. Almost all the big private investors, except retail investors and the court, are running for their lives!"
"I have just asked my subordinates to investigate, and we must find out the truth!"
This time Zai Chun was really scared. People are like this. If he gets angry when something happens, it means that he is not extremely afraid. He still has the strength to be angry. At least he knows that he can solve the problem after getting angry.
If he is really frightened from his heart, this person will not have the strength to lose his temper again!
"Fu Qing! Go and investigate! Find out immediately what's going on?"
"Your Majesty! What about this stock index? Should we save it or not..." Third Master asked.
"This..." Emperor Tongzhi hesitated immediately. Yesterday, he dared to directly order the court's funds to be put into the market to support the market, but today he did not dare because he still doesn't know where the conspiracy started!
"Let's hold an emergency imperial meeting first! We must find the root of the problem, and then take action..." While Emperor Tongzhi was speaking, Er Mao ran in from outside in a hurry.
"Your Majesty! The latest news...the latest news from the stock market! This morning's plunge has something to do with foreigners! Suddenly there are a lot of rumors in the market, and all the foreigners' accounts in Dongjiaomin Lane have been emptied!"
"They ran away secretly three or four days ago, especially the British, who were even more cunning. They only emptied the entire warehouse on the morning of March 11!"
"As a result, the news leaked out today. This plunge is probably due to the influence of foreigners!"
ah! Zai Chun shouted, "These bastards! Dare to stab me in the back? Even the British dare to betray me! Bastards...bastards!"
"Fuqing! Go to Dongjiaominxiang immediately to meet with the envoys from various countries! You must give me an explanation!"
"Hey..." Fu Qing buckled his head and was about to leave, but Er Mao's eyebrows twitched and he said, "Wait a minute, Third Master, wait!"
"Your Majesty! What you are doing is inappropriate! First, foreigners have the right to sell stocks. Should we force them not to sell? This is unjustifiable!"
"Second, how much of the market value do those foreign accounts in Dongjiaomin Lane account for? It's only seventy-eight percent. Even if all the money goes out, it will hit the market to more than five thousand points? Isn't it a bit unreasonable?"
"Third, the foreign devils did not publicize it in a big way. There is no evidence to prove that the news was revealed by foreigners!"
"Everything is spread by the stock investors in the stock market. If the third master goes there, and the foreigners deny it, there is nothing we can do!"
"So, I don't think this matter is that simple! How can a piece of news about foreign devils ruin things like this? I don't believe it!"
Er Mao's analysis made Emperor Tongzhi calm down a little. "Then what are your ideas?"
"Let's do this! The Chinese embassy regularly holds tea parties with foreigners to keep in touch. I'll go to the Chinese embassy in Dongdan Archway and find out why the foreigners are selling..."
"Special Envoy Cai Bixia is not here, but I can speak to the remaining deputies!"
"Go! Let the palace prepare a fast horse for you, don't waste a minute!"
Just when the officials were gathering in the Forbidden City to prepare for the imperial meeting, the exchange had become a hell of Shura, and more than a dozen investors who had fainted from fear were carried away.
There were many people sitting on the ground and leaning against the wall, crying, with snot and tears streaming down their cheeks. We suffered such a heavy loss today!
Two hours in the morning, the market crashed directly to 5543 points. Everyone was no longer thinking about things. They had no idea that the sky had changed overnight!
The news of the foreign devils' selling became more and more fierce, but the imperial court's bargain hunting funds never came out to protect the market, and panic spread rapidly!
"Where is the court? Why haven't the bailout funds from the court come yet? If it doesn't work, just close the market temporarily! Forcibly stop trading and stop trading. What should I do?"
"No!" Someone shouted like a madman, "We can't suspend trading. If trading is suspended and no trading is possible, our stock will be really useless, and we won't be able to exchange it for any silver dregs!"
"If we don't stop trading, are we waiting for a sharp drop? We have to stop trading and let people calm down. This is called digesting the bad news..."
During the short period of time when trading was suspended at noon, people in the exchange were already fighting. The only argument was over whether the court should suspend trading.
To be honest, a forced suspension means forcibly stopping stock trading. This is an act that greatly undermines confidence and should not be used except as a last resort!
But what should I do if I don’t stop trading? Under the influence of panic, people trade irrationally, which can only make the index collapse even more!
The market has been suspended, allowing the people to calm down for a few days, and the court also has a buffer period to deal with it, giving it more time to explain to investors!
There are benefits to suspending trading, but there are also many people who oppose suspending trading. One of the loudest voices is "There is no real-name system for stocks, and whoever holds them belongs to them!"
"If your stock market is suspended, will it lead to private transactions? Then scammers will be rampant, and the people will suffer even more!"
"Moreover, there is no comparison between the index and the market transaction price in private transactions. Isn't that just selling indiscriminately? How can the market be orderly?"
The two groups didn't even eat, so they were noisy and even started fighting with their fists.
The traders in the big house all showed cruel sneers, "Fools... a bunch of fools... Why don't you run for your life? Do you still want to trade?"
"You have no idea how powerful the collapse will be!"
Yang Zhi, who was hiding in a dark and invisible place, hugged the little palace maid that he snatched from the palace last night and kissed her on the cheek.
"Hehehe... look at these fools, what kind of market order are they still thinking about?"
"This country is about to change, and the throne is about to be replaced...you still want order? You fools, a bunch of lunatics who want to get rich and want to be killed!"
At this moment, there was a knock on the door. "Sir... there is an order from above, asking you to take Qin Er, Liu Peiqi and others to move quickly!"
"Hurry and leave! The imperial meeting has been convened. With Emperor Tongzhi's temper, we must arrest people this time!"
Note: Hidden Dragon book friends, brothers and sisters, it is now the last month of this year, and the competition for the annual list of recommendation votes is very cruel!
Our Hidden Dragon is currently ranked tenth on the annual recommendation list! But the gap between the precarious situation and the back is not big!
Not much else to say, please vote for me in December!
Let’s make sure we don’t lose the tenth place, okay? We don’t want to be too high, we just want to maintain our ranking on the recommendation vote list throughout the year and don’t fall down!
In fact, over the past year, everyone has probably wasted tens of thousands of recommendation votes because they forgot to vote! If everyone voted, our ranking would be higher.
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