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Chapter 793 The Biggest Winner
What he was worried about was that after the opening of the US stock market, due to the huge trading volume, the exchange's computer programs would directly crash, and a large number of trading orders could not be executed.

This must be followed up at any time.

What's more, he also used 20 billion to magnify it 50 times to 1000 billion, which can definitely aggravate the decline of US stocks.

Although the stock market is devastated, the futures index market is even more vulnerable.

Since the futures index market has a board suspension system, when the market falls by more than 150 points in the morning, the futures exchange will suspend the market according to regulations.

After the market opened in the afternoon, the asking price of the futures index jumped sharply. When it was close to 3 o'clock, the spot and November futures fell another 11 points and 180 points, and the market was suspended for the second time.

Everyone in the futures exchange turned pale.

Since the market drop was caused by the United States, although the Hong Kong stock market was closed that night.

But investors are still restless. On the one hand, they look at the quotations of Hong Kong stocks in London, and on the other hand, they wait for changes in the opening of the U.S. stock market. The stock market is the only element in everyone’s life now.

The stock market on Wall Street fell sharply at the opening of the market due to the sharp drop in foreign stock markets, and all investors were in a heavy mood.

Everyone knows that Hong Kong stocks will fall again tomorrow due to the decline in US stocks, and US stocks will fall again due to the decline in the outside world, forming a vicious circle.

In the evening, radio and TV stations frequently reported the latest market conditions of the US stock market, and the atmosphere seemed very tense.

Seven hours later, US stocks opened.

After the opening bell rang, the Dow Jones Industrial Average dropped 67 points as soon as it was displayed on the screen, and sell orders poured in like waves.

Less than an hour after opening, the index had fallen 104 points.

Due to the large number of orders, the calculation showed that it was 20 minutes behind the actual transaction. From the opening to 11 o'clock, the Dow plummeted, and at 250 o'clock in the afternoon, it fell by [-] points.

Two hours later, the Dow Jones stock index fell 508 points, from 2246.74 points to 1211.74 points, a drop of 46%, creating the highest decline record, and the market value lost trillions of dollars.

On the CME S&P500 index futures market that day, the selling pressure was even more serious.

The drop was so terrible, apart from Su Chen's 1000 billion joining, there must be some big bosses who increased their chips.

The 1000 billion is decentralized. If he really just finds a bank to invest, he doesn't have the guts to do so.

After struggling all night, the next day, Teacher Su's eyes were all red.

He has at least tens of billions of the trillions of dollars that have been evaporated from the U.S. stock market this time.

Because after the 20 billion is dispersed, the other party will deduct a handling fee or something.

As for whose pockets the remaining trillions go into, who knows.

Wall Street has never been short of short-sellers, and maybe this time those people hidden behind the scenes have smashed more than Su Chen.

Mr. He also made a fortune, smiling from ear to ear.

The stock market crash, the first to affect, as in 1929, is still the rich.

Among the 9 richest people in the United States published by Forbes magazine on September 15, 400 names were removed from the list.

On October 10th, Sam Walton, then the world's richest man, lost $19 billion and lost his position as the richest man.

Bill Gates, the youngest billionaire in the world, lost US$39.45 billion, and Wang An, the computer king, lost US$19 million on the afternoon of the 3100th.

What is even more tragic are those ordinary people who have invested their life savings in the stock market. They originally hoped to take advantage of the bullishness of the stock market to earn some money for retirement.

As a result, within a few days, the savings of a lifetime disappeared in the falling stock price.

However, this is not the scariest thing, the scariest thing is that it will be within 10 days from October 19th to 26th.

The wealth lost due to the stock market crash was as high as 2 trillion U.S. dollars, which is 3380 times the total direct and indirect losses of 5.92 billion U.S. dollars in the Second World War.

Fortunately than in 1929, the U.S. economy maintained relatively high growth at this time, and the stock market crash did not lead to an overall economic crisis.

However, the stock market crash still hit the U.S. economy hugely, followed by a long period of stagnation in the U.S. economy.

Tang Wanru brought him water: "Wash your face first, and then take a good rest, you haven't slept all night."

Su Chen washed his face and said: "This time, we have enough funds to speed up our development. Don't rush to do it. We must wait until the Hong Kong government announces the rescue of the market. We will spend another 50 billion US dollars to rescue the market. How much to eat."

"Understood." Tang Wanru nodded, "Not only do we want to announce a bailout, but we also need to make a high-profile bailout."

While talking, the news that the Hong Kong government announced the suspension of the market was broadcast on TV.

Li Cucumber, who took 100 billion funds from the stock market twice, was the winner, followed by Hong Kong stock sniper Liu Luanxiong.

This guy has been tossing the Kadoorie family all the time. After the hostile takeover, he took a lot of money from the Kadoorie family. Not only did he make a lot of money from this, but he also just avoided the stock market crash.

As for the others, they were all in mourning.

If talking about the biggest winner in Hong Kong, it should be Mr. Su.

The stock exchange finally made a decision before the opening of the market, announcing that in order to keep investors calm and to accumulate a large amount of uncleared settlements, the stock exchange was suspended for 4 days.

This news was quite shocking, but I believe that many stockholders applauded at that time, thinking that this was a wise and rational decision, so that the vicious circle could be temporarily stopped.

In particular, stock markets around the world plummeted that day.

Japan's Nikkei average dropped 3836 points, London's FTSE dropped 250 points, and the Australian stock market plummeted 510 points. Hong Kong stockholders were even more thankful that the suspension of the market had saved them from catastrophe.

In the past few days when the market was closed, the news about the stock market did not stop due to the suspension of the market. Every day, the headlines of newspapers, big and small, were inseparable from the stock market.

Some newspapers even print additional editions to report the closing of U.S. stocks as soon as possible.

However, Wall Street stocks rebounded sharply by 160 points on Wednesday, so some people began to ask: Is the 4-day suspension too long?Does it damage Hong Kong's reputation as a financial center?
Many people in the legal profession even pointed out that the suspension of the stock exchange is illegal.

Li Fuzhao began to face pressure from the public opinion circles, but he still insisted that the market will not resume trading until next Monday.

And think that if the market resumes hastily due to the rebound of US stocks, will the market be suspended again if the US falls again?

He also believes that without a wise decision to suspend the market on Tuesday, the stock market would be full of corpses.

As for the Hong Kong government, it also made remarks in support of the stock exchange's approach.

Apart from cleaning up the backlog of settlements in the stock market, keeping investors calm and causing social debate, the most serious thing is that the futures market is facing a crisis of collapse.

Due to the importance and complexity of the issues involved, the Hong Kong government also invited outsiders to act as consultants.

Su Chen has not cared about these things these days, but the shocking reports in the newspaper made Su Weiguo a little worried.

"You have nothing to lose this time, right?"

"No, my company is not listed, and there is no loss. Dad, don't worry." Su Chen said, "You guys have fun these few days, don't think about these things."

After arriving in Hong Kong, both of them were dragged by Xue Yu and Zhou Huimin to dress up. They looked very different from before, and they didn't look like factory workers at all, but like retired old professors.

Sure enough, the saying that people rely on clothes and horses rely on saddles is true.

Mr. He came over as a guest, talking and laughing was full of liking for his son-in-law, but because Mr. He played different things from the old couple, he just ate and drank tea and it was over.

Although he wants to spend time with his parents, he has a lot to do and can only go to and from get off work every day.

On October 10, a sunny day, all social activities were as usual.

Central Hong Kong is also busy as usual, and it has not faded due to the stock market turmoil.

But everyone walking in Central seems to have a feeling that disaster is imminent.

In particular, the mood of stockholders cannot be described in words.

It is also difficult to describe the mood of Teacher Su who just arrived in the office.

Because the secretary told him: "Miss Li Jiaxin asks to see..."

(End of this chapter)