The Son of Finance of the Great Age

  Chapter 51 The Longest Day (5)

After the market closed, the three of them had a quick dinner, and then rushed to the Alfred Brokerage Company in the Far East Financial Center without stopping. At this time, there were serious faces here, and only Andrew was full of excitement. Obviously, he also knew The performance of the Hong Kong market during the day.

In fact, not only the Hong Kong market, several major financial markets in the Far East all plummeted at the same time. Among them, the RB stock market plummeted 620 points, a drop of nearly 15%, and the Singapore Straits Times Index also fell by 12%. In the Eastern Hemisphere, all major capital markets have undoubtedly been affected after the opening ceremony. The capital markets in Paris, Frankfurt, Milan, Amsterdam and other places all fell by no less than 6%.

In London, England, the financial market in the world second only to the United States, the London Financial Times Index plummeted as soon as the market opened. Everyone's heart was cast in a shadow, and they had varying degrees of performance in the Far East and other regions' financial markets. reaction. These are the reactions to the Dow Jones index in New York last Friday, and all eyes are on New York, the market with the largest capitalization, the largest trading volume and the latest opening.

  London's Financial Times Index finally fell by 183 points, a drop of up to 10%, the largest drop in the British stock market.

   Now let's look at New York's performance!

Zhong Shi and Liao's father and son were resting in the VIP room of Alfred's brokerage company. After running around in the middle of the night yesterday and watching the market all day today, several people were already exhausted, especially the elderly Liao Chengde, who fell down Just fell asleep, the loud snoring sounded like thunder.

   Zhong Shi is most afraid of this kind of noise when he sleeps, but he is also exhausted, and he falls into a deep sleep as soon as he closes his eyes, and he can't hear it at all. The young and strong Liao Xiaohua was also very tired. He squinted his eyes and lay down for a while, but couldn't resist the drowsiness that struck him, and fell asleep lying on the sofa in an indecent position.

  It was around nine o'clock in the evening that Andrew woke up the three of them. At this time, it was only half an hour before New York opened.

   After a little freshening up, the three of them finally came to their senses. Zhong Shi asked the excited Andrew: "What happened? Why are you so excited?"

   "Zhong Sheng, don't you know?" Andrew asked in disbelief with a stagnant expression on his face.

   "Looking at your expression, could it be that the global stock markets are plummeting?" Zhong Shi asked knowingly.

"Bingo, Zhong Sheng, your guess is really accurate. It is indeed the global stock market plummeting! RB, Germany, the United Kingdom, Hong Kong and other stock markets are all plummeting, basically falling by more than 10%. According to this trend, today's New York will definitely not be able to escape. The fate of plummeting." Andrew's face was so excited that he almost danced.

   "Isn't it? Why?" Liao Chengde's face showed deep thought. Regarding this news, he was the most shocked one. The performance of the Hong Kong stock market during the day has already surprised and delighted him, but what he never expected was that this stock market crash swept the world like a plague in an instant.

  The discussion between Zhong Shi and Liao Xiaohua in the middle of the night anticipated this situation. Under the double blow of last Friday's sharp drop in the Dow Jones Index and the speech of the US Treasury Secretary, it is difficult for global stock markets to perform well.

   "I speculate that it should be because of the drop in the Dow Jones Index last Friday, and critics analyzed that it was because of Minister Baker's speech on Sunday!" Andrew shook his head, his tone smug.

   "Really?" Liao Chengde glanced at Zhong Shi and Liao Xiaohua suspiciously, seeing that their faces hadn't changed at all, he couldn't help asking: "What did the finance minister say, how did it lead to this?"

   "Mr. Liao, don't you know?" Andrew asked a little puzzled.

   While the two were chatting, the New York stock market opened.

With the opening bell of "Dangdang", the Dow Jones Industrial Index went red and fell 67 points in an instant. This kind of performance made the investors who were waiting and watching suddenly lose confidence. Get rid of your stocks.

  The selling volume of the day came like a tide in an instant, and the rolling stocks were all red, and the whole line fell!

   "Huh? What's going on? Why can't the index be displayed?" Andrew, who was far away in Hong Kong, looked at the index on the screen and said in surprise.

Generally speaking, shortly after the opening of the market, the constituent stocks of the Dow Jones Industrial Index will start trading, and then the system will calculate the index according to the transaction price through a formula, and then reflect the trend of the market on the day, but there are many constituent stocks after the opening. Transaction, so the index can not be displayed.

Puzzled, Andrew quickly dialed his colleagues in Chicago. As soon as the phone was connected, he heard a loud noise coming from the microphone, which made Andrew stunned. There was no such noise in the venue in the past. So big today. While he was still in a daze, Louis' hoarse voice came over: "Andrew, do you have any trading orders?"

   "Louis, what's wrong with you? I can't display the Dow Jones index here. What happened there?" Andrew came back to his senses and asked hurriedly.

"I don't know about New York, but in Chicago, the S&P 500 has gone crazy! The market is full of sell-offs, and there are no buyers to take orders. It seems like the end of the world. I think the New York side is about the same!" Luiz slightly After a pause, he said bitterly.

   "What?" Andrew asked in surprise. "How is this possible? Did it crash?"

   "I don't know if it crashed or not. I only know that your client has made a lot of money! The empty orders in his hand must be multiplied at least several times!" Louis said with a wry smile. At this time, there was a loud noise from the microphone, and the traders were shouting frantically: "It has fallen below 330, God!"

   They are calling the S&P 500 index.

  Generally speaking, the future stock market index is higher than the current real index, but the S&P 500 index has now fallen more than the Dow Jones Index, which means that market confidence has fallen to an extremely low point.

   "..." Louis on the phone was also speechless, staring at the display screen in the hall, forgetting that the phone was still connected.

  The stock market and the futures market are mutually driven, and the faster the stock index falls here, it means that the stock market is also falling rapidly.

At this time on the New York Stock Exchange, all the brokers are crazy, selling their stocks regardless of the cost, whether it is a fast-growing technology company, a leader in a traditional industry, or an energy industry that is always profitable, at this time they only have one The idea is to escape from this **** market as soon as possible.

The selling was so big that even the computer system of the New York Stock Exchange crashed, and the buying was so large that the computer couldn't handle it. The transaction was 20 minutes slower than the actual transaction, which meant that the transaction 20 minutes ago was only now taking place. , and the trading order issued now will have to wait for nearly half an hour.

   At this time, it is impossible for the Dow Jones Index to display instantly and accurately!

  In New York, almost all stocks have piled up a huge amount of sell orders on the selling side, while there are very few buyers. People can only watch the index fall below 2150, 2100, 2050 and other important support lines.

   Andrew and others in Hong Kong became blind and could only keep abreast of the latest market developments by making constant calls.

   "My God! The futures index has fallen by more than 30 points, and your client has already made double the profit! My God!" Just when Andrew was still in a daze, Louis' surprised voice came from the phone.

   "What?" Andrew was a little shocked. He looked back at the three people who were still resting, and found that the three of them were looking at him with a puzzled expression, and their faces were full of doubts.

   "Zhong Sheng, the Chicago S&P 500 futures index plummeted, and now it has fallen by 10%. What are your plans?" Andrew took a deep breath and asked respectfully.

  Twice the profit means that Zhongshi's floating profit has exceeded 300 million US dollars. Originally, Zhongshi invested 100 million U.S. dollars in the futures index. Given the decline in the U.S. stock market last week, he has already made a profit of about 50 million U.S. dollars, and all of this money was invested by Zhongshi in November and December futures. Refers to the empty list.

   "Continue to hold, continue to wait and see!" Zhong Shi said calmly.

  He simulated this scene in his mind for a long time, and finally waited for this historic moment. How could he accept it when he saw it?

  The Liao father and son beside him were full of horror, unable to believe what they heard. Liao Chengde originally thought that his income during the day was already crazy, but compared to Zhong Shi's income now, it is nothing, not worth mentioning at all.

  NYSE.

   Some constituent stocks were finally quoted and traded, and the index finally successfully displayed. But at this time in the trading hall, everyone looked at the displayed index and trading volume, and they were already a little numb.

  At this time, the index has fallen below 2000 points, and the trading volume is close to 100 million.

  In normal times, including over-the-counter transactions, the trading volume of stocks on the New York Stock Exchange is only 100 million per day. Now that the market is not closed in the morning, the trading volume has already tied with normal days. But even so, the stock has accumulated a large number of sell orders, and I don't know when it will be digested.

   "Will there be a stock market crash like the one in 1929?" Such a terrifying thought emerged in everyone's mind. At this time, it is not just a stock market crash, but an economic depression.

  The craziest moment finally came at noon when trading was about to close.

In Chicago's futures index market, there were sporadic long openings and short takings, but when it was close to the closing, investors frantically opened short orders, and the short orders changed hands quickly, and those who held a large number of long orders Those who hold positions frantically open new long positions, betting that the stock market will rebound in the afternoon. In this case, the price of the traded stock index drops sharply.

   This situation was fed back to the stock market, causing the stock price to fall wildly.

  Finally, when twelve o'clock came, the stock index stayed at 1900 points, and everyone could finally breathe a sigh of relief. (Thank you for your strong support, I hope you will recommend and collect more, and welcome to comment.)

  (end of this chapter)