,!
On October 9, affected by the 1.02% drop in the Dow Jones Index, the Hang Seng Index opened at 14,713.2 points, a sharp lower opening of 125.3 points. The opening point was the highest point of the day. Under the pressure of short sellers, it instantly broke through the 14,700-point integer mark. Profit orders and panic orders poured out, and the bulls were powerless to resist. The market closed at the lowest point of the day at 14273.1 points, down 565.4 points, or 3.81%, and the trading volume increased by 20%.
Heavy volume plummeted!
At eight o'clock in the evening, when Sun Jian saw the analysis report on Hang Seng Index futures sent by Wang Dongming in his mailbox, he suddenly had a premonition that Hong Kong investors did not realize that a disaster was coming!
It started to fall from the highest point of 16820.3 points on August 7, 1997, to 12899.8 points on September 2, 1997, a drop of 3920.5 points, a plunge of 23.31%!
It plunged more than 20%. According to the analysis of technical indicators of Western stock markets, the Hang Seng Index has entered a technical bear market!
The Hang Seng Index rose from 12899.8 points on September 2 to 15242.7 points on October 6, an increase of 2342.9 points, or 18.16%!
Rebound sharply after plunge!
Rally and then plummet!
Sun Jian remembers that Hong Kong stocks were aggressively shorted by international hot money led by Soros in October 1997. The Hang Seng Index continued to plummet, and investors in Hong Kong suffered heavy losses. International hot money harvested wildly in the foreign exchange market and Hang Seng Index futures, and the Hong Kong Monetary Authority had to give up non-interference. The "zero intervention policy" of the market economy has come in to rescue the market, but the specific date of the October crash is unclear?
In the previous life, from October 1997 to August 28, 1998, in the face of the massive short selling of international hot money led by Soros, the Hong Kong stock market experienced an "avalanche effect" and continued to plummet. The Hang Seng Index fell below 7,000 points, and the Hong Kong property market plummeted by 70%. Investors have suffered heavy losses, and the SAR government is also in pain.
On August 27, Sun Jian was invited to deliver a keynote speech on "Mainland China is a safe haven for Chinese businessmen to invest" at the Fourth World Chinese Entrepreneurs Conference, predicting that as the scope of countries and regions affected by the Asian financial crisis expands, Hong Kong's financial and real estate It will also be affected, and the outbreak of the Asian financial crisis is inevitable...
To avoid the butterfly effect, just click through!
As the world's fourth largest financial center, the sixth largest foreign exchange market and the second largest stock trading market in Asia, Hong Kong's major banks and other depository institutions have a total of nearly one trillion US dollars in overseas assets, accounting for 8% of the world's total, long and short There are many institutions.
As the return of the Hong Kong regime in 1997 draws closer, uncertainties in many political and economic affairs have gradually been eliminated, and investors are confident in the future of Hong Kong.
In 1996, the main market transactions in Hong Kong were active, economic activities increased, and the market speculative atmosphere increased significantly. Encouraged by international hot money, it exceeded 15,000 points on June 20, 1997, and reached a highest point of 16,820 points on August 7, 1997. Compared with The opening point on January 3, 1990 was 2836 points, which lasted 7 and a half years, with an increase of 493%.
In the bull market with a nearly five-fold increase, the Xiangjiang stock market has accumulated a large amount of profits!
Once there is any disturbance, the market will fluctuate violently.
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The Hang Seng Index rebounded sharply after plummeting. Hong Kong investors have healed their scars and forgotten the pain!
After the market has fully adjusted, it is only a matter of time before the Hang Seng Index breaks through 18,000 points. Investment reports issued by international investment banks such as Merrill Lynch and J.P. Morgan D. Morgan have given Hong Kong investors new impetus.
Several large investors in HTIC Securities originally followed the "VIP Investment Reference" and escaped a 23% plunge. However, seeing the Hang Seng Index rising in volume every day, they couldn't help but rush in at more than 14,500 points, planning to make an oversold rebound. As for the market, the market rebounded to 15,200 points. I made money but was unwilling to leave. It has been falling continuously during this period, and today it suffered another sharp drop. Everyone was trapped! Reluctant to cut the meat, the deeper the position, the deeper the position, if you want to cover the position to reduce the cost...
The September monthly investment reference report released by "VIP Investment Reference" is characterized as: a rebound on the way down! The October monthly investment reference report is characterized as: the end of the rebound!
Nowadays, the "Daily Investment Reference Report" released under the leadership of Guo Jingdong is neutral to indifferent!
Although the Hang Seng Index futures are currently in a short position, Wang Dongming and Li Huabin still send one copy of Hang Seng Stock Index Futures, one copy of Nikkei Stock Index Futures, one copy of Dow Jones Stock Index Futures and one copy to Sun Jian's email every trading day as usual. NASDAQ stock index futures analysis report and receive instructions from Sun Jian at any time.
Wang Dongming is responsible for the Hang Seng stock index futures analysis report and the Nikkei stock index futures analysis report, and Li Huabin is responsible for the Dow Jones stock index futures analysis report and the Nasdaq stock index futures analysis report.
As long as there is a computer with Internet access around him, Sun Jian will take time to read these analysis reports, take notes carefully, organize them once a week, once a month, write weekly and monthly analysis reports by himself, awaken the memory that has been imprinted in his mind, and judge this. The general trend of the four major stock indexes!
In 1993, when trading the October Nasdaq stock index futures contract and the October Nikkei stock index futures contract, they judged the trend wrong and lost US$3.4 million and US$3.1 million respectively.
Now there is no Hong Kong Stock Exchange stock in the HTIC stock account that Wang Dongming is responsible for. Sun Jian can avoid being put on the line by interested people, and some money cannot be earned! There is no shorting on the Hang Seng Index futures. Instead, I hold a lot of money and wait for the Hang Seng Index to plummet. If it falls below 7,000 points, it is a good opportunity to invest large amounts of money and go long on the Hang Seng Index futures.
As an outsider, Sun Jian sat back and watched the Hang Seng Index rebound sharply. He clearly felt that there was a mysterious force in the market that pulled up the 33 constituent stocks of the Hang Seng Index. When the Hang Seng Index rebounded to 15242.7 points, TCG's stock price hit a record high. A record high of 131.54 Hong Kong dollars!
A typical example of raising the index with sinister intentions!
Never expressing any opinions or giving instructions to Wang Dongming, Sun Jian is just a melon-eater!
Being a good person does not necessarily lead to good rewards!
Many Hong Kong people who have been brainwashed by British and American culture believe that they are servants of wealthy British and American families and are superior to mainlanders.
Sun Jian didn't feel bad at all when these servants were cut with leeks.
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On October 17, the Taiwan authorities announced that they would abandon the New Taiwan Dollar. The Taiwan dollar depreciated by 0.98 yuan, reaching NT$29.5 per U.S. dollar, setting a new low in recent years. The Taiwan stock market that day was affected by the bad news and plummeted by 165.55 points.
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The negative effects of Taiwan's sharp currency depreciation and stock market crash fermented over the weekend. On October 20, the Hang Seng Index opened at 13,473.7 points, opening 127.3 points lower. The opening point was the highest point of the day. The Taiwan dollar depreciated to 30.45 yuan per US dollar and the Taiwan dollar Due to the impact of regional stocks plummeting more than 150 points at the opening, panic spread in the market, and profit orders and panic orders poured out.
"Jones, sell 1 million shares of TCG for HK$125!"
Julian Robertson gave the order.
"Okay, boss!"
Trader Jones moved his hands on the keyboard.
The Hang Seng Index fell 12 points instantly!
"Jones, sell another 2 million shares of TCG for HK$120!"
…
It broke through the integer mark of 13,000 points at the opening in the afternoon. Bulls were unable to open lower and closed at the lowest point of the day at 12,970.9 points, down 630.1 points or 4.63%.
Heavy volume plummeted!
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On October 20, the Taiwan stock market fell another 301.67 points.
