God-level Trader of Rebirth

Chapter 92 Technical Adjustments

The Hong Kong government has spent almost all of its available foreign exchange reserves, buying them all and defending them all. On average, 5 million Hong Kong dollars worth of stocks change hands every minute.

On weekdays, the daily turnover of Xiangjiang stock market is only 40 billion.

Today, it rose to more than 5 billion in just 70 minutes after the market opened.

Not surprisingly.

"sell!"

"Sell another [-] lots!"

In the stock exchange, in the trading hall, the crowd began to make noise.

A number of financial institutions in the venue began to direct traders to smash the market.

They sold wildly on many blue-chip stocks such as Henderson Land, South China Morning Post, Hopewell Holdings, and Wharf Holdings, constantly driving down their stock prices.

Under their strong cooperation, in just one hour, the Hang Seng Index was smashed through 7500 points!
The turnover is as high as 700 billion!
The moment the Hang Seng Index fell below, countless panic orders poured out of the market, exacerbating the decline of the Hang Seng Index.

Restaurants, teahouses, in front of the TV. Countless Xiangjiang citizens exclaimed!

"Is the Hong Kong government unable to keep it?"

"It's over!"

"Throw it away quickly, it will be too late if you don't run away"

at the same time.

Inside the Hong Kong Monetary Authority.

Countless traders looked nervous and kept typing on their keyboards for buying operations. Many people had sweat on their foreheads and didn't even dare to wipe them off.

No time to wipe either.

Because there are more than 100 million futures contracts that expire on that day.

With the blessing of leverage, every jump of the Hang Seng Index means a battle of tens of billions of Hong Kong dollars.

Countless people liquidated their positions, or won huge profits.

Traders, there is no respite at all.

"Quickly pull the index back!"

Liang Zhaomin saw that the Hang Seng Index was smashed through 7500 points, so he walked around anxiously.

Xiangjiang's financial institutions are basically all foreign capital, with complex components, and none of them are reliable. For a little profit, they do not hesitate to serve as pawns and death squads for international hot money.

The country is in crisis!

Without any big picture idea.

They frantically plundered the hard-earned money of the people of Hong Kong without shame, let alone guilt.

There are even many people who are simply white-eyed wolves with yellow skin!
"Director Liang, we have notified the [-] Chinese-funded institutions in Hong Kong to enter the market immediately! We fully support the market protection operation!" The vice president of Huaxia Bank put down the phone and hurriedly said to Liang Zhaomin.

"Thanks! Thank you very much!"

almost simultaneously.

Antlers Building, the operating room.

More than 20 traders, sitting in front of the computer, are frantically buying futures contracts.

"Below 7500 points, as many as you want!"

"Buy as much as you can!"

"Hurry up!"

Lin Hai, the director of the risk control department, served as the commander of this link plan.

The main reason is that Feng Yiwen got the opportunity to go to the stock exchange, which led to him being "ordered in danger" by Chen Weidong.

Because their bids were higher than the market price, the deal was almost matched as soon as it was listed.

In just ten minutes, they have already bought more than 60 contracts and spent almost 150 billion Hong Kong dollars.

Futures are traded on a counterparty basis. An empty order must correspond to a long order. It is impossible for there to be more empty orders than long orders.

There are as many long orders as there are empty orders.

The top 20 seats by open interest will be announced by the futures exchange within 1 hour of the closing of the day.

This is also the reason why the traders of Infinity Private Equity did not buy in advance.

AM: 11:35.

There is less than half an hour before the market closes in the morning.

The Stock Exchange, inside the trading floor.

Chen Jie bought a cup of coffee, and watched the index keep falling, but his heart was not fluctuating.

"Brother Chen, why don't you buy it?" Huo Wenming was surprised to see that Chen Jie was still in the mood to drink coffee.

The traders of Infinity Private Equity also sat in their seats, only knowing to look at the display screen, without any intention of making a move.

"We bought one billion just now, and we were all trapped." Chen Jie looked frustrated, like a defeated rooster.

"Hehe, we have already made some money by selling short just now. If you had listened to me earlier, you would have made a fortune." While showing off, Huo Wenming still did not forget to advise hypocritically.

The Hang Seng Index was suppressed by many of their institutions, and soon fell to around 7450 points. Coupled with the aggravation of market panic, the index is still slowly declining.

"Unprecedentedly powerful", this word is used to describe them.

Chen Jie sighed and did not reply.

Ah Wei called and said, don't make a move all morning, what can he do.

With only 10 billion holdings, it was only at his strong request that Feng Yiwen reluctantly agreed to "buy a little to try it out".

As a result, I bought it for one billion, and was caught in less than half an hour, losing six points!
startled him.

Now he no longer dares to be an outsider to command an insider.

This self-knowledge is still necessary.

He raised his coffee cup, took several sips in a row, and shook his head from time to time.

This abrupt move was quickly captured by the camera.

Seven or eight reporters rushed over upon hearing the news, and put the microphone directly in front of him.

Everyone in the arena is busy trading and has no time for interviews. Now it is hard to catch a free one, and it is still Chen Jie. How can he let go?

A reporter from TVB asked: "Mr. Chen, the Hang Seng Index has fallen below 7500 points. How much stock did you buy?"

Facing the camera, Chen Jie put down his glass and said with some guilt: "Our company has already bought billions worth of stocks."

Another reporter immediately asked: "Mr. Chen, didn't you say that you would fully support the Hong Kong government's rescue of the market? Why did you only buy one billion?"

"Is it because you are not optimistic about the market, so you decided to retreat temporarily?"

"Has Infinity Private Equity shorted the Hang Seng Index?"

Facing the unfriendly quality of this reporter, Chen Jie frowned and said: "Of course we must fully support the Hong Kong government. The current stock market is just a technical adjustment, and it will rebound soon. In addition, our company will only do Long, not short, don’t listen to wind and rain.”

The live interview in the stock exchange was directly transmitted to the TV screens of countless Xiangjiang citizens through the signal.

Through Chen Jie's speech, many people talked about it.

Most people think that he is cowardly, and he must be not optimistic about the market, otherwise he would not just buy one billion.

You must know that any previous rescue of Infinity Private Equity started with billions of funds, and it is only now that the conclusion is self-evident.

As for the technical adjustment that Chen Jie said, no one believed it.

As soon as the news came out.

Numerous shareholders sold off one after another, exacerbating the decline in the stock market.

7442
7429
7411
In a blink of an eye, the Hang Seng Index will fall below 7400 points!
Many people in the stock exchange held their stomachs and laughed, and even gave a thumbs up, "praising" Chen Jie.

"Brother Chen, you did a great job!"

"Boy, that's a good speech, just a few more words."

"Young boy, Serre!"

Chen Jie stared at the rapidly falling Hang Seng Index, his jaw almost fell to the ground.

A voice whirled in his mind: "When the enemy praises you, you must have done something stupid!"

(End of this chapter)