On October 19th, the stock market opened at 2:30 pm, and the selling price appeared like a storm. Even the "strange market" of Hong Kong Land began to fall. In just one hour of the afternoon, the Hang Seng Index fell by 185 points. Many stocks and even blue-chip stocks were only sellers. The buyers were empty. The investors had no way to sell and were crying. Investors' sentiment changed from absolute optimism to extremely pessimistic within this day. The stock, the largest decline, fell by Hong Kong and Macao in 1996.

The stock market is devastated, and the futures index market becomes even more vulnerable. Since the futures index market has a suspension system, when the market fell by more than 150 points in the morning, the futures exchange will suspend the board according to regulations. After the opening in the afternoon, the futures index bid price plummeted sharply. When it approached 3 points, spot and November futures fell by 180 points and 150 points, and the market closed for the second time.

On this day, I don’t know how many people lost money in the stock market. The stock market avalanche caused by real estate seems to be about to appear again in the past few years, and I don’t know how many people will choose to jump from the tall roof.

Although the Hong Kong stock market was closed that night, investors were still idle. On the one hand, they looked at the quotes of London Hong Kong stocks, and on the other hand, they were waiting for changes in the opening of the US stock market. The stock market is the only element of everyone's life this day.

They hope that US stocks will have good news. If US stocks are strong, Hong Kong stocks will definitely stop the downward trend and rebound.

But in fact, it is the same whether you look at it or not. Even if you are lucky, you will know that a big stock market crash has broken out.

Just as Hong Kong stock investors were waiting to see the performance of the US stock market, Qiao Feng also made an unprecedented start. He drank coffee with Lizhi and waited for the New York stock market to open on the phone. Several professional investment teams in New York who were not familiar with each other started working for Qiao Feng more than a month ago. Of course, they didn't know who they did.

Qiao Feng invested more than 2 billion US dollars in the Japanese market to prepare for this day. He shorted stocks and futures with the greatest safety limit, and waited for the arrival of this day to gain a good harvest.

Affected by the Hong Kong plunge, stock markets in various Asia-Pacific regions have plummeted, and the effect has expanded to European markets like dominoes as the market opens one after another with the opening of various time zones. The stock market crash finally circled the earth and returned to New York.

On October 19th, Wall Street stock markets fell sharply as soon as the market opened, due to the sharp drop in stock markets such as London and Hong Kong, and all investors were in a heavy mood.

On this day, radio and television stations frequently reported the latest stock market conditions, and the atmosphere seemed very tense. On that day, the Duke Jones Industrial Average Index of the United States plummeted by 508 points, a drop of more than 20%, setting a record for the largest single-day decline in the United States in more than a hundred years.

On this day, Qiao Feng and Li Zhi never stopped calling. Several investment teams were communicating while buying and closing positions at the right price.

Qiao Feng knew that there would be a stock market crash this day, but he didn't know how much it would fall or which would fall the most, so he didn't think about buying and closing positions before the lowest level rebound. He was not that greedy. The requirement he gave was to buy and close positions at the right time, and he and Lizhi would also communicate in real time.

Qiao Feng is really not greedy. He can make a little profit by taking the opportunity. Anyway, he is shorted by multiple leverage with the maximum safety limit, and the yield is quite considerable. There is no need to bet on the lowest position. Anyway, no matter how bad the work is, you can get a double profit.

Just as Qiao Feng was making money in the US stock market, major media in Hong Kong reported the US stock market with large headlines that day, and all investors were helpless after seeing the news.

The US stock market fell like this, and the hope that they had good news was shattered. Everyone knew that Hong Kong stocks would fall again the next day due to the decline of US stocks, but there was no way, so everyone could only wait helplessly and wait for the death penalty to be sentenced to open at 10 o'clock on the 20th.

As a result, no one got the opening of the market this day.

It turned out that the Hong Kong Stock Exchange held an emergency response meeting early that morning and finally made a decision before the market opened at 10 o'clock, announcing that in order to keep investors calm and to accumulate a large number of uncleared settlements, the Hong Kong Stock Exchange was suspended for 4 days.

This news was quite shocking, and many investors applauded, believing that this was a wise and rational decision that allowed the vicious cycle to be temporarily stopped.

Everyone knows that Hong Kong stocks, London, and Sydney will all fall again due to the decline of US stocks, and US stocks will fall again due to the decline of external stocks, which will inevitably form a vicious cycle.

But when we know that the Hong Kong stock market is closed for four days, everyone feels that with these four days of buffering time, we can avoid getting involved in this vicious cycle.

Especially on that day, stock markets around the world plummeted sharply, Japan's Nikkei average index plummeted by 3,836 points, the London Financial Times index plummeted by 250 points, and the Australian stock market plummeted by 510 points. Hong Kong stock investors were even more grateful that this market closure allowed them to escape the disaster.

Qiao Feng has always been paying attention to the trends of the Hong Kong stock market. When Hong Kong stock investors applauded and thought that the 4-day suspension of the market would allow him to escape, only Qiao Feng knew that the four-day suspension of the market brought more unforgettable pain to Hong Kong stock investors.

Before, Qiao Feng also wondered if he would like to remind everyone in the media to pay attention to possible stock market crashes and prevent them. After all, as early as October 1st, the Hang Seng Index rose to 3968 points, and the market was in a stalemate of long and short positions, but the market still rose by 6.09 points throughout the day and closed at 3949.73 points. But since this day, the market has been unable to reach this high again, and the US stock market has fallen during that period.

But later I heard that so many experts and investors continued to be optimistic about the future market, believing that the market environment was good, and the Hong Kong stock market had not yet fallen. After getting rid of the impact of the external decline, they still struggled to rise and fall at high levels. The investment atmosphere of investors was still fierce and fanatical. When Qiao Feng saw that the stock market was very good, he said that there would be a stock market crash and no one believed it. Maybe he would be scolded by others. Since it was said that it would be useless, then what else would he say? Is it fun to be scolded?

Although he did not make a reminder move, Qiao Feng has been paying attention to the Hong Kong stock market. He knew that the Hong Kong stock market would only usher in a real plunge after four days of suspension.

During the 4 days of the market suspension, the news about the stock market did not calm down due to the market suspension. The headlines of newspapers of all sizes and big every day are inseparable from the stock market. Qiao Feng, who is far away in the United States, can receive news published by several large newspapers every day. I heard that some newspapers even had printed foreign versions and reported the closing situation of the US stock market as soon as possible.

On Wednesday, Wall Street stock market rebounded sharply by 160 points, so some people began to ask questions: Is the 4-day suspension of the market too long? Is it harmful to Hong Kong's reputation as a financial center? Legal person Lee Chu-ming even pointed out that the suspension of the Stock Exchange was illegal.

These objections have further aggravated the uneasiness of Hong Kong citizens.
Chapter completed!