2109: Rescue the Market and Stop Losses in Time (1 Update)

The market is closed!

HK stockholders rushed to tell each other and all breathed a sigh of relief.

Except for large short sellers like Xia Xiaolan, no one wants the stock price to continue to fall wildly.

"I heard that the chairman of the Stock Exchange called the Hong Kong Financial Secretary in the middle of the night and asked for a market suspension. Is it true or false?"

"What does it matter if it's true or false? The market has been closed!"

“When the market opens next Monday, will the stock market be stable?”

"It's definitely stable..."

Such discussions not only occur in the tea rooms of large companies, but also in the wet markets where housewives and grandmas meet.

They all hope that there will be good news when the market resumes next Monday after four days of suspension.

Zhang Byron was a little pity. He didn't expect that the Stock Exchange would play this trick. He couldn't help but call the Chairman of the Stock Exchange a coward, but he knew that the Stock Exchange made such a decision as a positive response.

"I should have known-"

What did you know earlier?

If I had known that the market would be closed for four days, but I closed my position yesterday and made 58 million, could I leave the market with satisfaction?

Xia Xiaolan shook her head, "Baron, I'm taking such a big risk not just to make 58 million."

"Mr. Xia, do you think the Hong Kong stock market will fall next Monday?"

"Whether it will fall or not, you can easily draw conclusions if you pay attention."

What to observe, of course, is to observe US stocks.

This shock that has spread to global stock markets is all affected by U.S. stocks.

On October 20, after the Hong Kong Stock Exchange announced the four-day suspension of trading, some people questioned that such a move would damage the image of Hong Kong as a "free economic port". The chairman of the Stock Exchange criticized him, saying that he was protecting it to the greatest extent. HK's financial security!

This statement is supported by the Hong Kong Financial Secretary.

Needless to say, the people who questioned it either don't trade in stocks and can stand and watch the excitement without back pain. Otherwise, someone like Xia Xiaolan is a short-seller, wishing that the stock market would fall as much as possible.

Although Xia Xiaolan was short-selling a lot, she said nothing when faced with the stock exchange's four-day suspension of trading.

You are destined to make money, so why force yourself to be in the limelight and attract fire?

Making a fortune silently is Xia Xiaolan's basic strategy this time.

The chairman of the Stock Exchange was right. He alone took the blame for the suspension of the market, but it gave the Hong Kong stock market a few days of breathing space and gave the Hong Kong city government time to think of ways to rescue the market.

On October 20, global stock markets continued to fall.

Not only are stock prices falling, but global commodity prices are also falling. From industrial raw materials such as precious metals and copper to daily necessities such as coffee, sugar, and textiles, there is nothing that is not falling!

Now, the voice of criticizing the Chairman of the Stock Exchange suddenly became much less intense.

If hk didn't avoid it, wouldn't the impact be greater?

It’s not just Hong Kong stocks that are trying to save the market. In the United States, many listed companies have released their latest financial reports and operating data in a timely manner, hoping to give investors a shot in the arm:

Take a look, take a look, and don’t miss it if you pass by. Our company is profitable and the stock is worth holding for a long time. Don’t be in a hurry to sell!

Ha, it’s useless. The stock prices of listed companies that have always been profitable are still falling.

This is very painful.

Large companies had to resort to unique tactics. They began to buy back their own company shares from investors, underpinning the decline in Wall Street stock prices.

Large companies spend their own money not only to rescue the market, but also to prevent their shares from falling into the hands of financial speculators who come to hunt for the bottom.

These measures are effective. On October 21, the U.S. stock index rebounded by 120 points. Thank God, it finally stopped falling. As long as it can stabilize, the U.S. stock market will be able to recover!

If the U.S. stock market is stable, the global stock market will naturally be stable.

HK also announced the government's "rescue" plan for the stock market crisis: the government will arrange a loan bailout of up to HK$2 billion for the futures exchange, of which 1 billion will be directly allocated by the government and the other 1 billion will be provided by the futures exchange. shareholders and stock brokerage firms.

This is hugely good news.

Yuli doesn’t quite understand:

"Mr. Xia, why does the government give loans to the futures exchange when the stock price drops?"

"Let Manager Ji do the talking."

Manager Ji didn't talk about it. Zhang Byron was happy to give the beautiful secretary some knowledge: "Because on the 20th, the accounts of the hk futures exchange suffered a large loss. The futures exchange's reserves were not enough to cope with this financial crisis. The futures market of hk Once it collapses, those futures brokers will sell a large amount of their stocks to cash out, and the stock prices will fall even more sharply. The futures market will collapse first, then the stock market, and the entire HK financial industry will collapse!"

It's a pity that if the stock market doesn't continue to fall, Qihang will make less money.

Mr. Xia is really stable, and he doesn't seem worried at all.

A woman who can lose tens of millions or make tens of millions without changing her expression should not be underestimated!

…

"...Director Xia, this is the situation."

Xia Ziyu also didn't understand why the Hong Kong city government wanted to "rescue the market" but borrowed money from the futures market.

But there is someone who understands CR investment, so just explain it to her.

"Then when the Stock Exchange opens next week, that is, October 26, will the stock price rise again?"

Xia Ziyu's question 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 could only say vaguely:

"At least it won't fall that fast again. In addition to lending 2 billion to the futures exchange,

The Hong Kong Banking Association, Standard Chartered, HSBC and others announced that on the 26th, loan interest rates will drop from 8.5% to 7.5%. The interest rate cut will stimulate the stock market. Moreover, Li Sheng also said that he would spend 1 billion to repurchase shares. This is definitely good news! "

Li Sheng was the rich man who raised more than 10 billion in cash from the stock market through rights issues for four of his companies before the stock market crash.

He is not the richest man in Hong Kong yet, but he will be soon.

He will spend 1 billion Hong Kong dollars to repurchase shares, which is the same as the measures taken by large listed companies in the United States. They are all "rescuing the market."

With so many people supporting the market, it is indeed worth looking forward to when Hong Kong stocks reopen on the 26th.

Don't say it will rise immediately, at least the downward trend should be stopped, right?

Xia Ziyu still felt uncomfortable.

If Xia Xiaolan closed her position as soon as the market opened on the 26th, she would have made tens of millions.

Xia Ziyu wanted to hear from his subordinates that the stock market would rise, but they only dared to say that it would not continue to plummet.

Xia Ziyu also felt a headache. He was losing tens of millions a day, and he couldn't survive for a few days.

Previously, she felt that God was on her side this time. The Hong Kong stock market plummeted on the 19th, and it seemed that she was beginning to favor Xia Xiaolan again.

At first, Xia Xiaolan was overwhelmed by the run. The Stock Exchange was suspended for four days, and Xia Ziyu slowly regained his sense.

In fact, if the Hong Kong stock market continued to fall on the 20th, Xia Ziyu would have no choice but to close his position. Fortunately, the Stock Exchange announced a four-day trading suspension, giving Xia Ziyu some time to breathe. During this period, many rescue measures were announced. Xia Ziyu hesitated and said:

"If the stock market performs well tomorrow and the stock price of Lujia Newspaper can rise a little higher than on the 19th, our losses can be controlled within 8 million, and we will close our positions and leave immediately!"

Director Xia finally came to his senses, and his assistant was very happy.

It would be great if you can get away with a loss of 8 million. This is called stopping the loss in time!