nightcrawler in los angeles
Chapter 202 The Tokyo debut of Panama Sunshine Industrial Bank
Chapter 202 The Tokyo debut of Panama Sunshine Industrial Bank
Masato Oda deserves to be a talent with 30 years of experience in the securities industry in Tokyo.
In just three days, Masato Oda contacted 32 large and small securities companies and retail investors.
The Mitsubishi Bank's acceptance of US$110 billion was lightly held in the hands of Masato Oda.
Tao Xi crossed Erlang's legs and looked at the opposite Masato Oda who had given him many surprises with a relaxed face.
"You are such an outstanding talent, Fuji Securities didn't find it?"
Masato Oda's forehead was covered with beads of sweat. I don't know if it was because the financing managers of various securities firms downstairs were chattering endlessly, or because Tao Xi's aura was too strong.
"I went back and checked your information!"
"I wouldn't have taken such a big risk if it wasn't for a newspaper in the New York Times with your profile."
Tao Xi was not surprised that Oda Masato said too frankly.
If a securities practitioner does not even have the most basic risk aversion ability, then he will not be able to survive for a few days.
"Good! Not bad!"
Tao Xi turned his head and nodded to the manager of the investment and financing department of Panama Sunshine Commercial Bank not far away, and the manager of the investment and financing department took several legal and financial officers to verify the capital.
Osaki Yoshima saw several Panama Bank staff coming over and still looked blankly at the major client trading room of the Tokyo Stock Exchange.
It's not like he hasn't seen the trading room of a major client for so many years.
But Osaki Liangma has never seen anyone arrange so many traders in his trading room.
Moreover, these traders are all high-achieving students of Dongda University, and even one of his seniors is sitting inside.
"Hey, sir, please give me the list of brokers in your hand."
Oda Masato rolled his eyes helplessly when he saw his disappointing colleague and apprentice: "Mr. Tao Xi, thank you very much for giving me this opportunity."
Tao Xi smiled and waved his hand.
The timely cashing out of NTT stock is a good thing for him, and the day of the US stock market crash is getting closer and closer.
Tao Xi has nearly 180 billion US dollars in his hands, enough for him to do many things!
But before that, he needs to meet his old friend.
When seeing Mitsui Shoushan again, Mitsui Shoushan's complexion was not very good, if it wasn't for the meeting place being the Tokyo Stock Exchange, maybe he would jump up and give Tao Xi's knee hard.
"Oh, I didn't expect the famous Mr. Tao Xi to come to Tokyo. I thought you didn't like Tokyo very much."
Tao Xi was not angry when he saw Mitsui Shoushan's tone. After all, he transferred his land to Lehman Brothers.
This Lehman Brothers is really good at doing things, and directly leased the land to ATAC in the United States.
No one may know about this company, but if he tells another name, many people will know it.
Air Tactical Superiority, Inc. is a company that specializes in providing Air Force Tactical Command training for the U.S. Air Force.
Although ATAC kept explaining that they were only conducting some aircraft simulations and aircraft performance tests there, everyone knew Sima Zhaozhi's heart!
As a result, Mitsui Shoushan, who was in charge of this land transaction at the beginning, was really uncomfortable for several days.
If it weren't for the fact that the US dollar did provide a lot of help to the family, Mitsui Shoushan might be expelled from the family.
"I can't help myself! You know that my business is all on the ground in the United States."
"He opened his mouth, I have to agree! But I just got money this time, so I will come to you again soon!"
Mitsui Shoushan just wanted to say no, but the 180 billion bank acceptance in Tao Xi's hand made his breathing stop in an instant.
Seeing Mitsui Shoushan's expression, Tao Xi couldn't help being a little happy.
He has long heard that Japan has recently begun to focus on various well-known buildings in New York, such as Rockefeller Center, New York Plaza, and there are even rumors in Hollywood that Japan's Sony wants to change Hollywood's owner.
Although it is said that rumors are limited to wise men, in Tao Xi's opinion, such rumors are generally not groundless. Since someone has spread it, it proves that this matter is definitely not false!
Since you want to buy it, I will provide you with US dollars. The current exchange rate of the yen is one price per day.
"you are"
"I am the underwriter of NTT's stock, and I just sold all of NTT's stock and made a small profit."
Tao Xi replied to Mitsui Shoushan with a relaxed face.
Mitsui Shoushan on the opposite side immediately showed an envious expression. Who in Japan now knows that as long as you have NTT stocks in your hand, you can lie down and make money.
But what Mitsui Shoushan didn't know was that the NTT stocks in Tao Xi's hands were replaced with their Mitsui family's previous land.
"If I had a backer like Wells Fargo, I would definitely"
"No, no, Mr. Mitsui, we and Wells Fargo are just a cooperative relationship."
Mitsui Shoushan didn't care about the primary and secondary relationship between Wells Fargo Bank and Tao Xi, but said seriously: "There will definitely be a lot of restrictions on the land transaction this time. If you want the same transaction as last time, I think it will be much more difficult." .”
Tao Xi smiled and waved his hands: "It's nothing more than restricting land properties and land transactions. The last transaction was really an accident."
"Otaru City! Only the land in Otaru City can meet your funds this time. There is a seaport there, but the ownership of the seaport is owned by the Sapporo City Government, and he will pay you a rent every year."
Tao Xi heard Mitsui Shoushan's words and snapped his fingers this time without even looking at the map: "I need the funds for the land mortgage to arrive tomorrow, can I do it?"
Mitsui Shoushan didn't ink when he saw Tao Xi so neatly: "I can arrive today after the contract is signed!"
Half of the land in Otaru City, Hokkaido has been acquired in this way, and Tao Xi still feels a little satisfied for a while, why not call him "Hokkaido Landlord" in the future?
Tao Xi looked forward to his idea of being a landlord with a happy face, but Mitsui Shoushan, who had left the Tokyo Stock Exchange, reported the news with an excited face.
There is actually a chain of discrimination in Japan. People in Kyoto look down on people in Kanto, people in Kanto look down on people in Kansai, and people in these places look down on Hokkaido!
Don't think Hokkaido is a holy place for tourists, but the group of people are thinking in their hearts, what is there to do in that poor place.
As a result, the land in Hokkaido has been unable to sell at a high price. As for Otaru City, it is the northernmost part of Hokkaido. Seaports, docks, fishermen, and coolies are synonymous with this place.
In Japan, Otaru is the countryside!
As a result, in Japan in the 80s, basically no one paid attention to it. However, with the rise of economic globalization and the rise of the Eastern Dragon, Otaru City became Japan's largest free trade port in less than three years.
But this is something for another time. It's hard to say who will take advantage and who will suffer.
With the conclusion of the transaction and the availability of money, there are more and more traders in the VIP trading room of Panama Industrial Bank.
Tao Xi, who could still lie down and look at the sky, had to find a place to stand.
"Today is October 10th, we can go back soon, you hurry up and get rid of all those bad things behind your ass!"
Tao Xi frowned and stared at Marco who had just returned from the hospital.
Marco scratched the back of his head with embarrassment and didn't say a word for a long while.
Roselle, who was standing beside the two of them, asked gossipingly: "Marco! You are so awesome! We've only been here for three months, and you're already a father!"
Marco pursed his lips and didn't know what he was muttering.
Tao Xi saw that several people around were teasing Marco, but Tao Xi touched his belly unconsciously.
"Tausi! Shall we act tonight, or tomorrow?"
Tao Xi was taken aback by Klein behind him, but fortunately, when Tao Xi saw Klein, Klein's eyes were fixed on the document in his hand.
"what!"
"Cough cough!"
"Well, since the game has started, if we don't make a grand debut, how can we be worthy of those trash who have been underestimating us?"
Klein turned his head and glanced at Tao Xi's voice when he heard something obviously wrong.
"Then I'll wait for your notice, right?"
"Well, you go, let our people lie in ambush near that bullshit shrine, one eighth stage, one nine stage, the distance is quite close!"
Tao Xi pretended to be okay and expressed his dissatisfaction calmly.
But as soon as Klein and Roselle walked out of the room, the pair of brothers-in-law started discussing cautiously.
"Sigh~"
"You said Tao Xi and Sophie have known each other for so long, why didn't they win the bid like Marco?"
When Roselle heard his brother-in-law's words, his eyes widened and he asked back, "What does it have to do with you!"
"Tsk, didn't I just ask!"
Russell saw an old guy who often worked around Kushner staring at him questioningly.
The pair of brothers-in-law fell silent for a moment.
The old guy who often followed Roselle saw the two leaving and got into the room where Kushner often rested with a gossipy face.
"Kushner! Kushner! Wake up!"
"Ah! What's wrong~"
Kushner, who had been busy last night, squinted his eyes and replied with a troubled expression.
"Tao Xi is pregnant! She is still pregnant before she is married!"
"Well, pregnant! What? Tausi! Pregnant!"
Originally, Marco's misbehavior outside gradually went astray at Haneda International Airport.
Monday, December 1987, 10
As a well-known private equity firm on the New York Stock Exchange, Cadry Ferre's private life has always been very chaotic.
But Cadry Ferre went to the New York Stock Exchange to report every morning, because his private placement amount had reached 200 million US dollars.
That money wasn't money on the NYSE in 1987, but it wasn't small money either.
After all, with the 200 million US dollars, he not only has a beautiful Hollywood girlfriend, but also has several gorgeous Colombian models at the same time.
"Hahaha, Kedry, do you know? Panama Bank successfully underwrote ATT's shares again last week!"
Cadry Ferre straightened his neck and tie and said with disdain: "It's just a guy who got lucky! I will be the boss of a 500 million private equity agency next month, Tom, are you sure you Won't you follow me?"
"Hahaha! Kedry, I'm getting old, and I plan to go back to Houston to retire!"
Tom waved his hand at Kadry Ferre and refused with a smile on his face, and Kadry Ferre shook his head helplessly upon seeing this.
"Don't you even buy the Wall Street Journal every Monday? This is the practice of us practitioners!"
"Hahaha, I just came here to take a photo today. All the stocks in my hand have been liquidated, and my son has also been admitted to Cambridge, UK. I plan to go back and celebrate him."
Cadry Ferre shook his head helplessly when he saw Tom Vinson, an old guy who became popular by buying Coca-Cola stock.
When Cadry Ferre walked into the gate of the New York Stock Exchange, people all over the New York Stock Exchange greeted him.
There were even a few small private equity brokers who came over to inquire with him about the affairs that the foundation entrusted to him to manage. Cadry Ferre didn't respond to them at all, but seriously drank the coffee in his hand and waited for today's stock market opening.
"The stocks in the past two weeks have not been very stable every day. Should we open the market to see the situation!"
"I think so too. I heard that several gold brokers in Citi's securities department started selling at the beginning of the month."
Cadry Ferre couldn't help rolling his eyes when he heard the chirping of the two colleagues sitting next to him, secretly thinking that you rookies are still here to speculate in stocks, and you can't even see the most basic economic fluctuations.
Just a few minutes before the opening of the market, Cadry Ferre heard that more and more people around him were pessimistic about the stock market, and he felt a little flustered in his heart.
Coincidentally, his model sister from last night sent him a text message.
【Honey, you performed very well last night, I decided to reward you tonight. 】
Cadry Ferre, who was still a little flustered when he saw this text message, instantly became much more energetic. Cadre Ferre also skillfully edited a text message.
[Hahaha, then I'm going to go crazy tonight, there is 2 US dollars in cash in the bedside cabinet, remember to hide it well. 】
"Opening!"
"Opening!"
Cadry Ferre also put down his phone after hearing the sound, looking happily at the data on the stock market.
As the person in charge of private equity, he saw the problem at first sight, because there were a lot of sell orders on the market!There are so many to make people frightened, but the trading volume is extremely low!
Cadry Ferre sold 1000 shares of KFC stock to a trader he often worked with in the past.
He bought it at 41, but he sold it at 41 and no one bought it!
Cadry Ferre felt a little flustered: "Try adjusting to 39 yuan!"
"Mr. Cadry, I suggest you try it for 35 yuan, [-] shares have just been traded!"
"Fxxk! These idiots!" Cadry Ferre slapped the table fiercely, but soon the surrounding shouts grew louder.
International hot money began to sell their futures indicators in large quantities, and 30 of the 11 index stocks in the Industrial Average Index have not yet opened for trading
Because many stocks were not trading, the Dow Jones Industrial Average at that time could not truly reflect the actual price of the market, and the entire market was in a state of disorder.
Due to the mutual drive between the stock market and the futures market, the stock price and the futures index fell faster and faster, and the trading volume soared.From 11:00 to 11:50, 9300 million shares were traded in the stock market, and the trading volume of the index futures at noon was equivalent to 700 million shares, while the stock market was 900 million shares.Big institutions traded heavily in both markets, bringing the disaster to a head.
(End of this chapter)
Masato Oda deserves to be a talent with 30 years of experience in the securities industry in Tokyo.
In just three days, Masato Oda contacted 32 large and small securities companies and retail investors.
The Mitsubishi Bank's acceptance of US$110 billion was lightly held in the hands of Masato Oda.
Tao Xi crossed Erlang's legs and looked at the opposite Masato Oda who had given him many surprises with a relaxed face.
"You are such an outstanding talent, Fuji Securities didn't find it?"
Masato Oda's forehead was covered with beads of sweat. I don't know if it was because the financing managers of various securities firms downstairs were chattering endlessly, or because Tao Xi's aura was too strong.
"I went back and checked your information!"
"I wouldn't have taken such a big risk if it wasn't for a newspaper in the New York Times with your profile."
Tao Xi was not surprised that Oda Masato said too frankly.
If a securities practitioner does not even have the most basic risk aversion ability, then he will not be able to survive for a few days.
"Good! Not bad!"
Tao Xi turned his head and nodded to the manager of the investment and financing department of Panama Sunshine Commercial Bank not far away, and the manager of the investment and financing department took several legal and financial officers to verify the capital.
Osaki Yoshima saw several Panama Bank staff coming over and still looked blankly at the major client trading room of the Tokyo Stock Exchange.
It's not like he hasn't seen the trading room of a major client for so many years.
But Osaki Liangma has never seen anyone arrange so many traders in his trading room.
Moreover, these traders are all high-achieving students of Dongda University, and even one of his seniors is sitting inside.
"Hey, sir, please give me the list of brokers in your hand."
Oda Masato rolled his eyes helplessly when he saw his disappointing colleague and apprentice: "Mr. Tao Xi, thank you very much for giving me this opportunity."
Tao Xi smiled and waved his hand.
The timely cashing out of NTT stock is a good thing for him, and the day of the US stock market crash is getting closer and closer.
Tao Xi has nearly 180 billion US dollars in his hands, enough for him to do many things!
But before that, he needs to meet his old friend.
When seeing Mitsui Shoushan again, Mitsui Shoushan's complexion was not very good, if it wasn't for the meeting place being the Tokyo Stock Exchange, maybe he would jump up and give Tao Xi's knee hard.
"Oh, I didn't expect the famous Mr. Tao Xi to come to Tokyo. I thought you didn't like Tokyo very much."
Tao Xi was not angry when he saw Mitsui Shoushan's tone. After all, he transferred his land to Lehman Brothers.
This Lehman Brothers is really good at doing things, and directly leased the land to ATAC in the United States.
No one may know about this company, but if he tells another name, many people will know it.
Air Tactical Superiority, Inc. is a company that specializes in providing Air Force Tactical Command training for the U.S. Air Force.
Although ATAC kept explaining that they were only conducting some aircraft simulations and aircraft performance tests there, everyone knew Sima Zhaozhi's heart!
As a result, Mitsui Shoushan, who was in charge of this land transaction at the beginning, was really uncomfortable for several days.
If it weren't for the fact that the US dollar did provide a lot of help to the family, Mitsui Shoushan might be expelled from the family.
"I can't help myself! You know that my business is all on the ground in the United States."
"He opened his mouth, I have to agree! But I just got money this time, so I will come to you again soon!"
Mitsui Shoushan just wanted to say no, but the 180 billion bank acceptance in Tao Xi's hand made his breathing stop in an instant.
Seeing Mitsui Shoushan's expression, Tao Xi couldn't help being a little happy.
He has long heard that Japan has recently begun to focus on various well-known buildings in New York, such as Rockefeller Center, New York Plaza, and there are even rumors in Hollywood that Japan's Sony wants to change Hollywood's owner.
Although it is said that rumors are limited to wise men, in Tao Xi's opinion, such rumors are generally not groundless. Since someone has spread it, it proves that this matter is definitely not false!
Since you want to buy it, I will provide you with US dollars. The current exchange rate of the yen is one price per day.
"you are"
"I am the underwriter of NTT's stock, and I just sold all of NTT's stock and made a small profit."
Tao Xi replied to Mitsui Shoushan with a relaxed face.
Mitsui Shoushan on the opposite side immediately showed an envious expression. Who in Japan now knows that as long as you have NTT stocks in your hand, you can lie down and make money.
But what Mitsui Shoushan didn't know was that the NTT stocks in Tao Xi's hands were replaced with their Mitsui family's previous land.
"If I had a backer like Wells Fargo, I would definitely"
"No, no, Mr. Mitsui, we and Wells Fargo are just a cooperative relationship."
Mitsui Shoushan didn't care about the primary and secondary relationship between Wells Fargo Bank and Tao Xi, but said seriously: "There will definitely be a lot of restrictions on the land transaction this time. If you want the same transaction as last time, I think it will be much more difficult." .”
Tao Xi smiled and waved his hands: "It's nothing more than restricting land properties and land transactions. The last transaction was really an accident."
"Otaru City! Only the land in Otaru City can meet your funds this time. There is a seaport there, but the ownership of the seaport is owned by the Sapporo City Government, and he will pay you a rent every year."
Tao Xi heard Mitsui Shoushan's words and snapped his fingers this time without even looking at the map: "I need the funds for the land mortgage to arrive tomorrow, can I do it?"
Mitsui Shoushan didn't ink when he saw Tao Xi so neatly: "I can arrive today after the contract is signed!"
Half of the land in Otaru City, Hokkaido has been acquired in this way, and Tao Xi still feels a little satisfied for a while, why not call him "Hokkaido Landlord" in the future?
Tao Xi looked forward to his idea of being a landlord with a happy face, but Mitsui Shoushan, who had left the Tokyo Stock Exchange, reported the news with an excited face.
There is actually a chain of discrimination in Japan. People in Kyoto look down on people in Kanto, people in Kanto look down on people in Kansai, and people in these places look down on Hokkaido!
Don't think Hokkaido is a holy place for tourists, but the group of people are thinking in their hearts, what is there to do in that poor place.
As a result, the land in Hokkaido has been unable to sell at a high price. As for Otaru City, it is the northernmost part of Hokkaido. Seaports, docks, fishermen, and coolies are synonymous with this place.
In Japan, Otaru is the countryside!
As a result, in Japan in the 80s, basically no one paid attention to it. However, with the rise of economic globalization and the rise of the Eastern Dragon, Otaru City became Japan's largest free trade port in less than three years.
But this is something for another time. It's hard to say who will take advantage and who will suffer.
With the conclusion of the transaction and the availability of money, there are more and more traders in the VIP trading room of Panama Industrial Bank.
Tao Xi, who could still lie down and look at the sky, had to find a place to stand.
"Today is October 10th, we can go back soon, you hurry up and get rid of all those bad things behind your ass!"
Tao Xi frowned and stared at Marco who had just returned from the hospital.
Marco scratched the back of his head with embarrassment and didn't say a word for a long while.
Roselle, who was standing beside the two of them, asked gossipingly: "Marco! You are so awesome! We've only been here for three months, and you're already a father!"
Marco pursed his lips and didn't know what he was muttering.
Tao Xi saw that several people around were teasing Marco, but Tao Xi touched his belly unconsciously.
"Tausi! Shall we act tonight, or tomorrow?"
Tao Xi was taken aback by Klein behind him, but fortunately, when Tao Xi saw Klein, Klein's eyes were fixed on the document in his hand.
"what!"
"Cough cough!"
"Well, since the game has started, if we don't make a grand debut, how can we be worthy of those trash who have been underestimating us?"
Klein turned his head and glanced at Tao Xi's voice when he heard something obviously wrong.
"Then I'll wait for your notice, right?"
"Well, you go, let our people lie in ambush near that bullshit shrine, one eighth stage, one nine stage, the distance is quite close!"
Tao Xi pretended to be okay and expressed his dissatisfaction calmly.
But as soon as Klein and Roselle walked out of the room, the pair of brothers-in-law started discussing cautiously.
"Sigh~"
"You said Tao Xi and Sophie have known each other for so long, why didn't they win the bid like Marco?"
When Roselle heard his brother-in-law's words, his eyes widened and he asked back, "What does it have to do with you!"
"Tsk, didn't I just ask!"
Russell saw an old guy who often worked around Kushner staring at him questioningly.
The pair of brothers-in-law fell silent for a moment.
The old guy who often followed Roselle saw the two leaving and got into the room where Kushner often rested with a gossipy face.
"Kushner! Kushner! Wake up!"
"Ah! What's wrong~"
Kushner, who had been busy last night, squinted his eyes and replied with a troubled expression.
"Tao Xi is pregnant! She is still pregnant before she is married!"
"Well, pregnant! What? Tausi! Pregnant!"
Originally, Marco's misbehavior outside gradually went astray at Haneda International Airport.
Monday, December 1987, 10
As a well-known private equity firm on the New York Stock Exchange, Cadry Ferre's private life has always been very chaotic.
But Cadry Ferre went to the New York Stock Exchange to report every morning, because his private placement amount had reached 200 million US dollars.
That money wasn't money on the NYSE in 1987, but it wasn't small money either.
After all, with the 200 million US dollars, he not only has a beautiful Hollywood girlfriend, but also has several gorgeous Colombian models at the same time.
"Hahaha, Kedry, do you know? Panama Bank successfully underwrote ATT's shares again last week!"
Cadry Ferre straightened his neck and tie and said with disdain: "It's just a guy who got lucky! I will be the boss of a 500 million private equity agency next month, Tom, are you sure you Won't you follow me?"
"Hahaha! Kedry, I'm getting old, and I plan to go back to Houston to retire!"
Tom waved his hand at Kadry Ferre and refused with a smile on his face, and Kadry Ferre shook his head helplessly upon seeing this.
"Don't you even buy the Wall Street Journal every Monday? This is the practice of us practitioners!"
"Hahaha, I just came here to take a photo today. All the stocks in my hand have been liquidated, and my son has also been admitted to Cambridge, UK. I plan to go back and celebrate him."
Cadry Ferre shook his head helplessly when he saw Tom Vinson, an old guy who became popular by buying Coca-Cola stock.
When Cadry Ferre walked into the gate of the New York Stock Exchange, people all over the New York Stock Exchange greeted him.
There were even a few small private equity brokers who came over to inquire with him about the affairs that the foundation entrusted to him to manage. Cadry Ferre didn't respond to them at all, but seriously drank the coffee in his hand and waited for today's stock market opening.
"The stocks in the past two weeks have not been very stable every day. Should we open the market to see the situation!"
"I think so too. I heard that several gold brokers in Citi's securities department started selling at the beginning of the month."
Cadry Ferre couldn't help rolling his eyes when he heard the chirping of the two colleagues sitting next to him, secretly thinking that you rookies are still here to speculate in stocks, and you can't even see the most basic economic fluctuations.
Just a few minutes before the opening of the market, Cadry Ferre heard that more and more people around him were pessimistic about the stock market, and he felt a little flustered in his heart.
Coincidentally, his model sister from last night sent him a text message.
【Honey, you performed very well last night, I decided to reward you tonight. 】
Cadry Ferre, who was still a little flustered when he saw this text message, instantly became much more energetic. Cadre Ferre also skillfully edited a text message.
[Hahaha, then I'm going to go crazy tonight, there is 2 US dollars in cash in the bedside cabinet, remember to hide it well. 】
"Opening!"
"Opening!"
Cadry Ferre also put down his phone after hearing the sound, looking happily at the data on the stock market.
As the person in charge of private equity, he saw the problem at first sight, because there were a lot of sell orders on the market!There are so many to make people frightened, but the trading volume is extremely low!
Cadry Ferre sold 1000 shares of KFC stock to a trader he often worked with in the past.
He bought it at 41, but he sold it at 41 and no one bought it!
Cadry Ferre felt a little flustered: "Try adjusting to 39 yuan!"
"Mr. Cadry, I suggest you try it for 35 yuan, [-] shares have just been traded!"
"Fxxk! These idiots!" Cadry Ferre slapped the table fiercely, but soon the surrounding shouts grew louder.
International hot money began to sell their futures indicators in large quantities, and 30 of the 11 index stocks in the Industrial Average Index have not yet opened for trading
Because many stocks were not trading, the Dow Jones Industrial Average at that time could not truly reflect the actual price of the market, and the entire market was in a state of disorder.
Due to the mutual drive between the stock market and the futures market, the stock price and the futures index fell faster and faster, and the trading volume soared.From 11:00 to 11:50, 9300 million shares were traded in the stock market, and the trading volume of the index futures at noon was equivalent to 700 million shares, while the stock market was 900 million shares.Big institutions traded heavily in both markets, bringing the disaster to a head.
(End of this chapter)
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