Rebirth of the Financial Crisis Sweeping the World

  Chapter 321 321 is overturned! Global Black Monday!

   Then Wang Guanxi and others came to the dining place.

  The waiters of Empire Hotel Hong Kong specially brought lunch.

  "Today is Cantonese cuisine. Directors, please use it slowly." The female director of the restaurant brought a group of waitresses to the side.

  The waitresses of these hotels have looked at the young directors with admiring eyes. They are looking forward to it, imagining that they will be favored, even if they become lovers.

  At this moment, Wu Zhankun suddenly asked: "BOSS, do you want to celebrate with a drink?"

  Today, the Hong Group, the Huang Group, and the Zheng Group agreed to kneel down. The Black Shirt Hedge Fund made a net profit of 10.4 billion Hong Kong dollars. All five horses belonging to the Black Shirt Group received bonuses. They were very happy.

   "Well, let's have a bottle of Moutai" Wang Guanxi said to the female supervisor.

  "Yes, sir" the female supervisor hurriedly went to do it.

  Cantonese food is delicious.

  There are Dingzi porridge, dry-fried beef noodles, shrimp wonton noodles, raw intestines and porridge, sesame oil stick rice noodles, fried eggs with shrimps and fried river··

  Everyone drank again, while having lunch, they also talked about the world economic and financial situation.

  Many things are happening in the world.

  Although the United States passed a new version of the 700 billion US dollar rescue plan last Friday, the financial market lacked confidence.

  Especially this morning, the Asian stock markets fell all together, triggering a great deal of discussion.

  Xinhua News Agency: [Benefits are hard to stop the decline, the Shanghai stock index fell more than 5% and penetrated 2200 points]

  The two markets both opened low in early trading. The Shanghai Composite Index broke through the 2200 mark twice during the intraday trading. Heavyweight stocks such as coal, banking, and steel dragged down the broader market.

  As of the morning's close, the Shanghai Stock Index reported 2173 points, a drop of 100 points, or 5.23%.

  The China Securities Regulatory Commission launched the pilot work of margin financing and securities lending, the central bank restarted medium-term notes to support central enterprises to repurchase stocks, and the European Union responded to the US rescue plan.

  In terms of individual stocks, affected by the fall in oil prices, resource stocks such as coal and non-ferrous metals plummeted across the board. Coal ranked first on the list of declines, with a decline of 7.79% in the sector.

  Futures Daily: The domestic futures market has a lower limit across the board

  French Press Agency: [EU Financial Summit issued a bad check to rescue the market, it is difficult to come up with a unified policy]

  Wang Guanxi said: "The market has begun to panic, and the Asian stock market will fall even more miserably in the afternoon."

  Huang Shaokai also said: "Yes, the European stock market also fell sharply at the opening."

  Zhang Dexi also said: "I really look forward to the opening of the afternoon, the Hang Seng Index will fall below 17,000!"

  The Hang Seng Index closed at 17,300 in the morning, and he thought it might have fallen below 17,000 in the afternoon.

   Wu Zhankun smiled and said: "Lao Zhang, the Hang Seng Index wants to fall below 17,000. It is estimated that we will wait tomorrow."

  Wang Juehao said: “Once the Hang Seng Index falls below the 17,000 position, the consequences will be disastrous.”

  Bai Weiqiang said excitedly: "If the Hang Seng Index falls below the 1700 position, then the U.S. stock market will definitely plummet at night."

  Wang Guanxi smiled: "President Bai, you were right before, this time after the new version of the 700 billion US dollar rescue plan came out, it was all the benefits."

   Wu Zhanhai said excitedly: "BOSS, if the Hang Seng Index plummets, then the Hong Kong stocks don’t know how badly they fell."

  Lu Jianyan smiled: "At that time, Luo Baowen can be the secretary, haha, their Luo family company will go bankrupt!"

  Guan Zhenyi: "The full-time secretary will be on duty soon!"

  Speaking of Luo Baowen as a secretary for BOSS, everyone is particularly interested.

  Time passed in a flash.

  Open in the afternoon.

  The Hang Seng Index dropped 100 points at the opening!

  Almost all Hong Kong stocks are falling.

  The Singapore stock market is also plummeting!

  Japan's benzene stock market is also plummeting!

  The Korean stock market plummeted!

  The Australian stock market also plummeted!

  The European stock market also fell sharply after the opening!

  ····

  The global financial markets panic.

  The Hang Seng Index quickly fell below the 17,000 position!

   "My mother!"

   "Gosh, what happened?"

  "The global stock markets are falling"

   "This stock market is falling so fast!"

   "Is it going to be Black Monday today on Monday?"

   "The stock market is falling at an accelerating rate"

   "Hurry up and sell the stock!"

   "I'm paralyzed, I'm dead"

  ···

  Asian stock markets, European stock markets keep falling!

  When the Hong Kong stock market closed, the Hang Seng Index fell to 16803.

The red chip index closed at 3207 points, down 242 points.

  China Enterprises Index closed at 8416 points, down 596 points.

  Hong Kong Commercial Daily: The Hang Seng Index hit a new closing low in the past 26 months!

  The U.S. economic data has deteriorated significantly, hitting the peripheral stock markets, commodities, etc., which have fallen sharply, which has dragged down the dive of real estate stocks and resource stocks!

  At the same time, Ping An Group will accrue huge investment losses. Hang Seng Bank’s holding of the bankrupt Washington Mutual Bank bonds in the United States continues to cause worries, causing financial stocks to suffer heavy selling pressure.

  Black shirt investment investment: The slowdown of the real economy may be worse than the market imagines. The market deleveraging and the increase of capital and long-term debt ratio will continue to put pressure on the overall valuation.

Black shirt insurance company: If the state-owned enterprise index hits 7000 points, the market should absorb a lot of bad news. By then, the index has fallen 67% from high to low, and the price-earnings ratio has dropped to a level of minus 1.7 standard deviations below the 3-year moving average. , Which is close to the 1998 financial crisis.

  Retail investors are frightened one after another!

   "Is this TM financial crisis about to break out in an all-round way?"

   "Grass, isn't it a rescue of the market? Why did it fall so miserably"

   "It's paralyzed, this stock market is terrible, I can't afford it"

   "Well, it would be nice if I had known that I would sell all the stocks this morning"

   "It's too late to say anything, I bought it today, and it's quilt dead"

  "Grass, I bought Hang Seng Bank, and its stock price fell to 65 Hong Kong dollars per share. It's really a loss."

  "Fortunately, HSBC's stock price has not fallen much"

   "Alas, the share price of Hang Seng Bank has fallen so badly that it has fallen to 65 Hong Kong dollars per share."

  ··

  Destroy the Black Shirt League!

  Jiao Xiongbing of Daoheng Securities and Adolf Roguli of CLSA were completely stupid because of the plummeting stock price of Hang Seng Bank.

  They hold 61 million shares of Hang Seng Bank, with a position of 81.96 Hong Kong dollars per share. Now the stock price has fallen to 65.00 Hong Kong dollars per share, and the book has lost 1.03 billion Hong Kong dollars.

  Now it's so covered.

   "Grass, what happened to this stock market?"

   "Palsy, this Hang Seng Bank!"

   Jiao Xiongbing, Adolf Roguli, two people are not too depressed.

Li Songwei of Yiqun Securities, You Zhenxuan of Dongying Securities, Jiang Jiwei of Dali Securities, Yue Runlin of Gaoxin Securities, and Ju Debiao of Fengnian Securities said nothing.

Previously shorted Midland Bank and expected Midland Bank to follow in the footsteps of Lehman Brothers and Washington Mutual Bank. Unexpectedly, Midland Bank was acquired by Wells Fargo at a price of $7 per share, causing them to lose $1.09 billion. The company lost 245 million U.S. dollars.

   can be described as a heavy loss.

  They want to make money elsewhere, but fortunately they didn’t act today.

  Li Songwei said with lingering fear: "Fortunately, we did not go to the stock market today."

  You Zhenxuan said with great luck: "Yeah, I originally planned to buy the Hang Seng Index today, but I never expected it to fall so badly. It fell below the 17,000 position."

  Jiang Jiwei took a deep breath: “Fortunately, we held back before and did not try to hunt down the Hang Seng Index, so that we won’t make a huge loss today.”

  Yue Runlin said with great expectation: “It’s okay. Let’s wait for the Hang Seng Index to fall for another day, and then buy the bottom. This time we will make back all the money we lost on the Midland Bank.”

  Ju Debiao angrily said: "We lost US$1.09 billion on Midland Bank, which is 8.45 billion Hong Kong dollars. This time we have to make 10 billion back!"

  The five people discussed when to buy the Hang Seng Index.

  And the panic continues!

  The Japanese benzene stock market fell sharply for the third consecutive day, with a drop of 4.3%, closing at a four-and-a-half-year low.

  As of the close of trading on the 6th, the Nikkei 225 index plunged 465.05 points to 10473.09 points, the lowest closing price since February 2004.

  The South Korean stock market fell for the sixth consecutive trading day on the 6th, with a drop of 4.29%. As of the close, the Seoul Composite Stock Index reported 1358.75 points, the lowest closing price since January 2007.

  The Australian stock market plummeted 3.3% on the 6th, and the benchmark stock index closed at its lowest point in the past three years. As of the close, the benchmark S&P/ASX200 index fell 155 points to 4,540.40, the lowest closing point since November 2005.

  The headquarters of Heishan Group.

  Wang Guanxi and others are very excited.

  Huang Shaokai: "BOSS, the Asian stock market has fallen into shit. Today is really Black Monday."

   Zhang Dexi: "The Hang Seng Index has fallen to the 16804 position, BOSS, the No. 1 Fund has made a lot of money"

  No. 1 Fund holds 60,000 short positions in the Hang Seng Index, with a position of 19,950, a floating profit of 9.438 billion Hong Kong dollars, and a net account value of 15.938 billion Hong Kong dollars.

   Wu Zhankun: "HSBC's stock price has also fallen a bit"

  Wang Juehao: “The Hang Seng Bank’s stock price has fallen terribly, and Daoheng Securities and CLSA must have lost money”

  Bai Weiqiang: "They were so trapped this time, it's hard to close their positions!"

   Wu Zhanhai: "I don't know how the US stock market is tonight?"

  Lu Jianyan: "European stock markets are also plummeting. Can the U.S. stock market get better tonight?"

  Wang Guanxi smiled and said: "The good show is behind, and the US stock market is the highlight tonight!"

  Li Guangyu: "Boss, the Indians are going to be out of luck tonight"

  Wu Hongsheng also said: "Hey, this Indian must die tonight."

  Guan Zhenyi also said: “I don’t know what the fall of US bank stocks will look like tonight”

  Lin Jiyang laughed and said, "At least down 15%!"

  Wang Guanxi smiled faintly: "It should be more than 15%, I hope it will drop by more than 30%."

  Time soon arrived at night.

  The US stock market opens!

  Then the stock market fell across the board!

  All sections are falling.

   Panic in the market!

   "I'm paralyzed, I plunged!"

   "Grass, I know the plunge"

   "Sell quickly!"

   "Selling"

  "Don't hold it anymore"

   "Well, as a retail investor, why did the stock market plummet when I chose to buy?"

   "What a bad luck!"

  ··

Citibank, Wells Fargo, Bank of America, Silicon Valley Bank, Huntington Bank, Bank of Hawaii, Royal Bank of Canada, TD Bank, Morgan Bank, Morgan Stanley, Goldman Sachs, Walmart, MasterCard···Microsoft, Apple, Google, Amazon, Asimer, SAIFX are all falling.

  This is simply Black Monday!

   Panic in the market.

  [Russian stock market fell 19.1% on Monday]

  [News: Paris CAC40 stock index plummeted 9.04% on the 6th]

  On October 6, the Paris CAC40 stock index opened lower and closed at 3,71.98 points throughout the day, a sharp drop of 9.04% from the previous trading day, the largest single-day drop in stock index history.

  [London stock market plummeted, stock index fell as high as 7.85%]

  Bank stocks were the big losers of the day. Royal Bank of Scotland fell 20.46%, while other banks such as Halifax Bank of Scotland, Rice Bank and Standard Chartered Bank fell 18.4%, 10.77% and 9.73% respectively.

  As the financial crisis worsens, investors are worried that the global economic growth rate will slow down and demand will be significantly weakened.

  On the same day, the price of base metal futures on the London Metal Exchange closed sharply lower, and mining stocks were hit hard.

  [On October 6th, Germany's Frankfurt DAX index fell by 7.07%]

  [Wall Street financial turmoil airborne Europe and global stock markets see panic selling again]

  While the US financial industry and economy are still precarious, the sudden deterioration of the European banking situation has once again severely affected investor confidence.

  Affected by this, high-risk assets such as stocks and crude oil futures have been heavily sold.

  Asia-Pacific and European stock markets generally fell more than 4%, and stock indexes refreshed their lows in many years.

  International oil prices fell below US$90 in intraday trading yesterday, hitting an eight-month low.

  The exchange rate of the euro also fell sharply. The euro fell to a 13-month low against the U.S. dollar and the Japanese yen set its biggest one-day decline in seven years.

  The US$700 billion rescue plan has just been settled, and the financial industry has yet to fully digest this benefit. However, Europe across the ocean is beginning to feel the impact of this round of financial turmoil originating from Wall Street more and more strongly.

  In the past few days, a number of large European financial institutions such as Fortis Group and the German Real Estate Finance Mortgage Bank have been in a hurry. The European interbank lending market was almost completely frozen on Monday.

  Faced with the sudden deterioration of the situation, European countries that have not yet introduced a joint rescue plan have to take actions to alleviate the banking crisis.

  Financial markets across Europe are full of grief.

  After the European stock market closed at 11:30 in the evening, the US stock market was still falling.

  Bridge Water Fund, Blackstone Group, Castle Investment, Millennium Management, De Shao Hedge Fund, Renaissance Technology, Insman Group, and other large financial institutions are constantly selling.

  The Dow Jones Index keeps falling!

   plummeted by 800 points that day, shocking the world!

  Wall Street Journal: The Dow Jones Index fell below the 10,000-point mark for the first time in 4 years

  The global sell-off triggered by concerns about the credit crunch and global economic slowdown suppressed the market. On the 6th, the Dow Jones average price index of 30 industrial stocks in the New York stock market fell below the 10,000-point mark.

  After the opening of the day, the three major indexes of the New York stock market all fell. After a few hours of interruption, the Dow Jones Index fell below 10,000 points. This is the first time since October 2004 that the index has fallen below the ten-thousand-point mark.

  At the moment, the atmosphere in the trading room of the Imperial Bank of India, Hong Kong Building, is extremely depressing and tense.

Nehru, Sundeep Batra, Ratan Tata, Feroz Sanhavi, Anand Mahindra, Rajuslov, Gilayu Amin, the seven pale faces, after Cold sweat on his back.

  The US stock market opened so badly today!

  The Dow Jones Index has fallen below the 10,000-point mark.

   "Why the stock market fell so badly?" Nehru was angrily waiting for the computer screen!

  He never thought that the global stock market was so fragile, and the global stock market plummeted, and it did not give the United States face for the 700 billion US dollar rescue plan!

  Indian stocks are now falling continuously.

And their Indian private pension holds 5 million shares of Citibank stock, and the position is opened at $136 per share. The profit on the book is constantly shrinking. It is impossible to close the position because these 5 million shares have been lent to the black Shirt Group is short!

   "I went to TM, this **** stock market, I hate it" Sundep Bartra stared at the computer screen with hatred, wishing to smash the computer!

  Industrial Trust and Investment Bank of India holds 6 million shares of Citibank, with a position of 215 US dollars per share, and the book loss is expanding!

  And on Wells Fargo Bank, they hold 50 million shares, with an average position of 22 US dollars per share, and the book profits are declining crazily. He clung to his fists tightly, and his heart is extremely unhappy!

Ratan Tata's chest was ups and downs, and he cursed: "The stock market of this terrible day is grass! The stock price of HSBC Bank in the United States has also fallen so miserably. Alas, the Hong Kong stock market will plummet again tomorrow, and the stock price of HSBC Bank in Hong Kong must plummet! "

Their Tata consortium holds 150 million shares of HSBC in Hong Kong and lent it to Black Shirt Insurance to sell short. Now the U.S. stock market has fallen so hard that the Dow Jones Index has fallen below 10,000 points. You can imagine what the Hong Kong stock market will look like tomorrow. Look like!

  Feroz Sanhavi also said uneasy: "Oh, this time we miscalculated, paralyzed, I feel that this stock market will not be good, let this black shirt group make money again, **** it!"

  Imperial Bank of India held 40 million shares of Bank of America Corporation, and lost a lot of money on the books. These 40 million shares have been lent to the Blackshirt Group and cannot be liquidated.

Anand Mahindra said with a sad face: "This time Wells Fargo’s stock price will not fall below 30 US dollars per share. Alas, the black shirt group has a high short position. This time they make money and we lose money. Money, I am too reconciled."

  They have 100 million shares of Wells Fargo Bank in Bank of Baroda, India, with a position of US$40.00 per share, and their losses on the books are constantly increasing.

  While the Heishan Group shorted Wells Fargo, its book profits continued to increase.

  He was extremely unwilling, and severely tore off a big beard of his own.

  Lajuslov took off his big red glasses and furiously said: "The US stock market has fallen so badly tonight, and the Hong Kong stock market will open tomorrow. Wouldn't it be even worse, grass!"

   "The stock price of HSBC Bank in the United States has fallen so sharply!"

   "Tomorrow Hong Kong's HSBC stock price does not know how it will fall!"

  They have 300 million shares of HSBC in Hong Kong held by the Indian Overseas Bank, and their positions are set at HK$120.00 per share. They are so embarrassed.

   Tomorrow the Hong Kong stock market opens, HSBC’s stock price may fall sharply, and the Heishan Group shorts HSBC, which will make a lot of money. His heart is not balanced.

  Gilayu Amin tore off one of her long curly hair, and said in a foul language: "Go to TM, the Bank of America on the dog day, the U.S. stock market on the dog day, I FUCK the mud horse!"

  Their Union Bank of India holds 100 million shares of Bank of America, with a position of 37 US dollars per share, and the floating loss is increasing. I don’t know if Bank of America’s stock price will fall below 30 US dollars per share!

  ··

  Heishan Group, in the trading room,

  Wang Guanxi and others are very happy.

   "Haha, really amazing"

   "It fell too hard"

   "Hey, this time the Indians will cry to death"

   "paralyzed, the Indians are against us, this time they are finished"

   "Let me continue to fall"

   "Citibank, Wells Fargo, Bank of America Corporation quickly fell!"

   "Fall!"

   "Grass!"

   "Fall!"

  The share prices of Citibank, Wells Fargo, and Bank of America still met support and couldn’t plummet, but it’s okay. Keep waiting.

  Wang Guanxi said: "Drink tea slowly, wait slowly, and see how the US stock market will fall tonight."

  The stock market has fallen so badly, no one is happier than him.

  Be aware that he has invested heavily in short Citibank, Wells Fargo, Bank of America!

  "Yes, BOSS" everyone came over and sat together to drink tea and chat.

  The news came again soon.

  Bloomberg: The US government says it will cooperate with the world to respond to the financial crisis

  Associated Press: The Fed increases the scale of credit to 900 billion US dollars

  Goldman Sachs Bank: The Federal Reserve announced that it will start paying interest on bank reserves and may expand its loans to the banking industry to 900 billion US dollars.

  Morgan Stanley: The Federal Reserve issued a statement in Washington today, stating that: The Federal Reserve is ready to take additional measures when necessary, with the aim of fostering liquid currency market conditions.

The statement stated that the Federal Reserve Board of Governors and Treasury Department officials are negotiating with market participants on ways to provide additional support for the regular unsecured financing market.

  Citibank: The Federal Reserve stated that as part of the measures taken today, it will increase the size of the 28-day and 84-day regular bidding instruments to 150 billion U.S. dollars each.

  Deutsche Bank: The Federal Reserve said it will start paying interest on excess reserves of commercial banks. US President Bush signed the US$700 billion rescue plan legislation last Friday that gave the Federal Reserve this power for the first time, and the legislation came into effect in October this year.

  Finally, the stock market rebounded after 2 midnight.

  ··

  [Global stock market encounters Black Monday]

  Because investors believe that governments of various countries are expected to coordinate to rescue the market, US stocks rebounded strongly, and the Dow also recovered more than half of its losses.

  As of the close (4:00 am Hong Kong time), the Dow Jones Industrial Average fell by 369.88 points to close at 9955.50 points, a decrease of 3.58%. This is the first time the Dow has fallen below the 10,000-point mark since October 29, 2004.

  Commodities such as crude oil were accompanied by the stock market decline.

  International oil prices fell below $90 in early trading in New York yesterday, hitting an eight-month low. Various other commodity futures also plunged. In China's domestic futures market, yesterday was a "spectacle" that all kinds of commodity contracts fell limit across the board.

  The next day, October 7, when Wang Guanxi got up, it was already 6:10 in the morning and came to the trading room. The horses slept in the trading room last night.

   Then he opened the stock price chart.

  At 4 o'clock in the morning today, Citibank’s stock price closed at $173.00 per share, the No. 2 fund shorted 5 million shares, and the position was opened at $213 per share, with a floating profit of $200 million and a net account value of $1.23 billion.

  The stock price of Wells Fargo Bank closed at 33 US dollars per share, the No. 3 Fund shorted 100 million shares, and the position was opened at 40 US dollars per share. The account had a floating profit of 700 million US dollars, and the net value of the account was as high as 4.1 billion US dollars.

  Bank of America’s share price closed at 31 US dollars per share, the No. 4 Fund was short 40 million shares, and the position was opened at 38.00 US dollars per share, with a floating profit of 360 million US dollars. The net account value was as high as 1.88 billion US dollars.

  A total of 1.26 billion U.S. dollars in floating profits, which was a good result last night.

  Today is the Double Ninth Festival, the Hong Kong stock market is closed, so Wang Guanxi said to the horses: "Today is a day off, everyone has a good rest and makes up for sleep."

  Currently, there are still US$2.064 billion in the account of the black shirt hedge fund. He plans to buy the bottom of the US stock market in a few days. The specific stock is still uncertain.

  Let’s celebrate the Double Ninth Festival first. It’s been a long time since I went back to Shenzhen.

   "Yes, BOSS" and everyone left the trading room.

  (End of this chapter)