Galactic Tech Empire

Chapter 325 Chain Reaction
8 month 5 day.

11:30 p.m. New York time.

Although it was a sweaty summer in the northern hemisphere, no one in the New York Stock Exchange felt hot, but cold, as if their hearts had been swept by the Siberian cold wind.

General Motors has fallen to the bottom. At its peak, the total market value was as high as 1176 billion US dollars. At this time, there are only less than 320 billion US dollars left, a drop of more than 70%.

It's not that GM didn't work hard, but because the market environment was affected by bad news, coupled with the resistance of short sellers, it triggered a chain reaction in an instant, causing everyone to unanimously sell their stocks.

When everyone is selling or shorting the market, a stampede ensues and the consequences can be disastrous.

The rice stock market, which had been sluggish in the first place, broke out in a stock market crash in an instant. The domino of General Motors fell, and countless dominoes behind it were crushed by the general trend of the market.

"Haha... I'm screwed."

"Fack squid..."

"Damn General Motors."

"..."

A middle-aged man with bloodshot eyes, like a gambler who lost a bet, came to the top floor of the New York Stock Exchange in despair, and he jumped down desperately.

bump!
The well-dressed Wall Street elite yesterday has become a cold corpse today.

"Isn't this fellow Philip?"

"it's him."

"This time he fell, and directly lost more than 5000 million."

"Did he use leverage?"

"if not?"

More than ten meters away from the corpse, some people were scattered and discussing.

Sudden!bump!

"what……"

"Oh my God!"

"Shet!"

"Go away and die."

Apparently, another person committed suicide by jumping off a building, and it also hurt Chi Yu and hit the people below. It seems that being a melon eater is also very dangerous.

The unlucky guy who was hit was lying motionless on the ground now, looking at his head that was about to stick to his shoulders, he knew that this guy was finished.

The frightened people who eat melons hurriedly left near the bottom of high-rise buildings, or hid indoors.

……

The hungover Bob wiped his eyes, subconsciously picked up the holographic phone, intending to check the time.

Then he saw a lot of unread messages.

[Dear customer... The stock of General Motors you purchased has been forced to close out due to the triggering of the stop loss point...]
Seeing this message, Bob suddenly woke up, and quickly looked through it again. After a while, he looked at the remaining $213 in his securities account with cold hands and feet.

A wave of despair filled his heart, and Bob lay down on the bed decadently, only $240 of the $213 million with interest was left at this moment.

If it's just that, he wouldn't be so desperate. He spent a lot of money these days on his credit card, plus the sports cars and villas he bought with loans, these have accumulated a debt of nearly 200 million dollars for him.

Even if he had some money in his family, this time he would be hurt.

"Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh..."

bump!The holographic phone in his hand was smashed to pieces by him.

If you want to destroy people, you must first make them crazy.

There are not a few crazy gamblers who encountered the same situation as Bob. Some lost everything in an instant, some were heavily in debt, and some could no longer bear the pressure and returned to the embrace of God on their own initiative.

General Motors headquarters.

President William looked at the computer screen in despair, and the stock of General Motors had completely collapsed.

Although General Motors still has a lot of fixed assets, and the Super 500 battery is not without a battle.

But investors are desperate for the future of General Motors, a company with no future, coupled with the market environment, and General Motors itself.

Many people knew that the stock of General Motors was going to fall, and they all wanted to sell at a high level immediately. As a result, everyone was selling, but very few people were willing to take the order, and the consequences can be imagined.

"Mr. President, our funds can no longer support the repurchase." Muyou Xiaoji rushed in and said.

William waved his hand weakly: "Stop it! We can't save GM anymore."

"..." Muyou Xiaoji also fell silent.

The decadent William, slumped on a chair, said in a somewhat unwilling and sad tone: "We lost, we lost completely, all of this is my responsibility, if I hadn't been so aggressive, maybe I wouldn't have lost so thoroughly today. "

Muyou Xiaoji lowered his head and said in a depressed mood: "Mr. President, this is not your fault alone, it is our fault. We overestimated ourselves and underestimated Yinhe Technology."

"That's right! We overestimated ourselves, but we didn't expect that the other party had already prepared a trap for us to jump into." William laughed at himself for being overwhelmed.

"Mr. President, start the reorganization plan! Then we can apply for a suspension of trading." Muyou Xiaoji suggested.

"That's the only way." William knows that this is the only way at present, by announcing the restructuring, and then applying for a suspension of trading, temporarily avoiding the sharp drop in the stock market.

However, doing so can only be a temporary measure to delay the death of General Motors.

"I'll prepare the reorganization plan and the suspension of the license, Muyou, think of a way. We must solve the problem of General Motors during the suspension period, otherwise we can only go bankrupt." William cheered up and instructed Muyou Xiaoji.

"I must find a way!"

the other side.

Elon Musk looked at the plummeting Tesla stock, which is now one of the top four. He did not expect that Raytheon Battery would be so insidious. They waited until they invested a large amount of money before announcing the new battery.

Now their money is going to be wasted. Of course, Tesla's own problems are not as serious as General Motors.

Now it is just because of the collapse of General Motors that Tesla has been affected by Chiyu. At worst, it will use Thor batteries in the future. As long as he uses his tricks of deception, he will soon be able to stabilize investors.

However, Ford, Volkswagen, and Audi have really suffered bad luck. Although the decline is not as severe as that of General Motors, it is still terrible.

After the rice stocks opened in the afternoon, not only the auto sector was plummeting, but also the auto parts sector, steel sector, and even some unrelated sectors were all falling.

Obviously, the chain reaction caused by the domino of General Motors is a bit big, mainly because the overall deterioration of the market environment has triggered panic selling.

Man is a social animal, and it is very easy to cause a herd effect. In this case, many people will subconsciously choose to sell stocks, and then hold banknotes or gold to ensure the safety of their property.

The sharp drop in rice stocks dragged down the Xizhou stock market, and then the whole world was affected by the stock market crash.

Even the domestic Big A, Xiangjiang stock market, and Keelung stock market have been affected to a certain extent, but it is due to the good domestic economic development.

This time the stock market crash not only did not cause the domestic stock market to fall, but after a slight drop, it triggered a new round of skyrocketing.

The reason for this situation is that part of the funds withdrawn from the rice stocks and Xizhou stock markets are flowing into the A shares, Xiangjiang stock market, and Keelung stock market.

Obviously, many international investors are more optimistic about the development of Dongtang and the Galaxy consortium.

Although the stock markets all over the world are now in red, the problem is that the domestic red is rising, and the foreign red is falling.

(End of this chapter)