On the 24th, the Hang Seng Index continued yesterday's sharp decline, opening at 10226.8 points and opening 199.5 points lower. International hot money continued to suppress the market. The market broke through 10200 points and fell to 10187 points. Suddenly, Ren Zigang's TV speech was heard.
Buying orders for 100,000 and 200,000 shares from TCG, HSBC, Standard Chartered Bank, Hang Seng Bank, Henderson Land, CK Hutchison Holdings, Sun Hung Kai Properties, Heung Kong Exchange, Sanxin Real Estate and other companies poured in, and the market quickly recovered 10,200 points, 10300 points!
TCG was the first to turn red, and driven by buying regardless of cost, the stock price soared!
HSBC, Standard Chartered Bank, and Hang Seng Bank followed closely and all turned red. Seeing that the leading indicator stocks continued to show their strength, short positions institutions entered the market one after another to buy goods, and they turned long!
10400 points and 10500 points were stepped on by the main bulls.
After the market opened in the afternoon, a counterattack launched by international hot money was ruthlessly crushed by the main bulls. The main short sellers threw away their armor and fled in panic!
10600 points, 10700 points, 10800 points, 10900 points, and the 11000 point fortress were successively breached by the main bulls. The stock market, which had been suppressed by the main short sellers for many days, was boiling. Buyers poured in regardless of the cost, and the retail investors in the securities hall were beaming.
The fortress at 11100 points was again breached by the main force of the bulls. They led the bulls to rush to 11187.9 points, stopped and consolidated the front!
Profit orders were realized in late trading, and the market closed at 11144.3 points, up 718 points or 6.89% throughout the day, with trading volume increasing by nearly 40%.
Volume surge!
The investors in the lobby showed long-lost smiles and looked at the big red screen, making associations and not wanting to leave for a long time.
After the market closed, stock commentators expressed their opinions one after another. The Hang Seng Index has been adjusted in place and will launch a sharp rebound. If you are optimistic, you can see 14,000 points.
On the evening of the 24th, Zeng Yingquan delivered a televised speech and reiterated that Hong Kong's current linked exchange rate system will not change, and only speculators will suffer losses in this speculative transaction.
At 8:20 pm, Sun Jian saw from the Hang Seng Index futures analysis report sent by Wang Dongming that everyone wanted to get direction guidance from him?
By late October, the Hang Seng Index was still over 11,400 points, and there was no stock market crash yet!
International hot money will not give up!
Sun Jian still remained silent!
According to the memory of his previous life, if the Hang Seng Index does not fall below 7,000 points, he will not take action in advance to avoid the butterfly effect!
Wang Dongming should understand that his silence means that he is not optimistic about today's strong rebound!
Don’t do it if you don’t know the direction!
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The Dow Jones Index and the Nasdaq Index were not affected by the strong rebound of the Hang Seng Index on Friday. Instead, they closed down 1.68% and 1.26% respectively, falling on heavy volume!
Xiangjiang stock investors spent their Saturdays and Sundays anxiously looking for news everywhere.
On the morning of the 27th, I arrived at various business halls early and stared at the big screens.
As expected, the Hang Seng Index did not continue the surge last Friday. Instead, it opened at 10902.4, a sharp lower opening of 241.9 points. Investors who had rebounded around 11,000 points yesterday were wide-eyed. Is the institution washing the market?
[In view of the general environment,
No stock investor thought that the opening point was the highest point of the day, and the market opened lower and moved lower. Under the pressure of international hot money, because the bulls consumed too much last Friday and could not muster an effective counterattack, the market broke through 10,800 points and 10,700 points consecutively. !
Panic market surged out, breaking through 10600 points, 10500 points, and 10400 points one after another, reaching the lowest point of 10377.2 points. Bulls began to counterattack, and the market closed at 1049@
The index has rebounded strongly, and everyone has no stocks in their hands. They feel uncomfortable and their hands are itchy!
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On the 27th, the Dow Jones index opened flat at 7715.41 points and rose to 7717.37 points. Institutional investors were worried that the plummeting Hong Kong stock market and Japanese stock market would affect the U.S. economy. The main short sellers suddenly launched their force and selling orders surged out. The market broke through 7700 and 7600 in succession. , 7500 points, the important mark, panic trading poured out, 7400 points, 7300 points, 7200 points were broken by panic trading!
The Dow Jones stock index triggered a temporary circuit breaker during the session and automatically suspended trading for an hour. The market finally closed at 7161.15 points, down 554.16 points or 7.18% throughout the day!
October 27th is known as the worst day for the Dow Jones Index to drop in history!
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On the 28th, Xiangjiang stock investors came to the securities business hall early and were extremely anxious.
The Hang Seng Index opened at 9648.1 points, opening 849.1 points lower, a drop of 8.09%!
The stockholders were stunned, lowered their heads, not daring to look at the stocks in their hands. They desperately hoped that the SAR government would take action to turn the tide and save everyone from the fire. They swore in their hearts that they would withdraw their funds after the situation was over, go to work properly, and then No more stocks!
Chief Executive of the SAR Tung Hua, Financial Secretary Tsang Ying-kuan, President of the Hong Kong Monetary Authority Yam Chi-gang, Secretary of the Financial Services Bureau Hui Shi Yam and President of the Hong Kong Stock Exchange Li Jianmin looked at the big green screen shaking and their hearts were cut. This is the blood of Hong Kong investors. During the current crisis, many investors took out loans and leveraged stocks, investing in Hang Seng Index futures with high leverage. After the storm, countless institutions, large investors, and retail investors went bankrupt, and families fell into financial difficulties.
The foreign exchange market affects the real estate market and the stock market, and the stock market in turn affects the real estate market and the foreign exchange market!
The plummeting of the Dow Jones stock index is not the result of international hot money, but a big problem in the global economy. The Asian financial turmoil turned into the Asian financial crisis. If it is not handled well, it will trigger a global financial crisis!
The plunge in the Hong Kong stock market is not limited to its own factors!
This is a real stock market crash!
Everyone made a difficult decision last night. With limited rescue funds, they could only maintain the Hong Kong dollar linked exchange rate and temporarily sacrifice the Hang Seng Index and Hang Seng Index futures!
Everyone thinks of what the richest Chinese man, Sun Jian, said at the Fourth World Chinese Entrepreneurs Conference, "Mainland China is a safe haven for Chinese investment." The outbreak of the Asian financial crisis is inevitable...
Warning in advance!
The richest man in China has already predicted the stock market crash, transferred his shares in Sanxin Real Estate Company, cashed out 5% of TCG shares, and held cash!
HTIC Securities Company's "VIP Investment Reference" continuously issued bearish reports, and was slandered by "Apple Daily" as someone who was bearish on the Hong Kong stock market!
The stocks and Hang Seng Index futures proprietary businesses of HTIC and HTIC Securities are now in a short position and have not suffered losses, becoming the winners of this bull market.
The large investors in HTIC Securities Company who listened to the "VIP Investment Reference" are the winners and lucky ones of this stock market crash. They are full of gratitude to HTIC Securities Company in their hearts and will attract more large investors to open accounts at HTIC Securities Company.
I wonder how many local small and medium-sized securities companies went bankrupt during this stock market crash?
It is possible that HTIC Securities Company, which escaped the disaster, will become the largest securities company in Hong Kong!
The huge cash on HTIC's account is in a short position, and the richest man in China has not shorted the Hang Seng Index futures. This is to protect the Hang Seng Index to the maximum extent!
At what point will the richest man in China enter the stock market to do long?
The opening point of the Hang Seng Index was the highest point of the day. International hot money took advantage of the force and was like overwhelming. The main bulls were powerless to resist. It hit the lowest point of 8775.88 points. The SAR rescue funds entered the market and finally ended at 9059. It closed at 89 points, falling 1438.3 points for the whole day, a plunge of 13.7%!
The Hang Seng Index fell the most in one day!
Rivers of blood!
