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Chapter 459: 429 Thrilling_3
Chapter 459: 429 Thrilling_3
Chapter 459: Chapter 429 Thrilling_3
However, without much hesitation, these short positions were swiftly cleared by the funds. At this moment, on Soros’s side, he was also stunned by the moves in the futures market. After a short silence, Soros’s face changed, and he voiced solemnly, “Damn, we’ve been fooled. These cunning Huaxia people… Convey my orders. We need to sell all our short positions as much as possible. Also, inform others to unload their stock holdings, further depressing the stock index. Likewise, release our Hong Kong dollars to suppress the currency market, to cause absolute chaos for the Eastern Harbor government. Today, we must push the stock index below 6500 otherwise, we’ll be in danger.”
Just as Nie Zhenbang had squared off all the short selling orders on his side, the control room erupted in cheering. However, Huo Gang suddenly exclaimed, “Bad news, the stock index has begun to dive.”
On the computer monitors and the big screens, one could see that the stock index, which had previously been falling slowly, suddenly plummeted.
The Eastern Harbor Hang Seng index rapidly fell from 7000 points, breaching the 7000 points mark. Subsequently, in less than half an hour, it had broken through the 6800 mark.
Seeing this, Nie Zhenbang realized that perhaps, history had taken a turn at this moment. Under his influence, the financial defense of Eastern Harbor would not proceed like in the past. Today should mark the beginning of the fight.
Immediately, Nie Zhenbang ordered solemnly, “In two hours, place long positions on the futures market. It’s time for a counterattack.”
He then turned to Han Qi and said, “Director Han, get in touch with people like Li Chao right away, recollect as many shares as possible. Also, liaise with the Hong Kong government. Ask them to make a firm stance to maintain the financial stability of Eastern Harbor. Notify the Eastern Harbor Securities Exchange that due to large fluctuations in stock prices over the week, trading will be suspended this afternoon, and to be resumed the next Monday. Also, get in touch with the Central Government’s Office in Hong Kong, ask for their cooperation, and express the central government’s strong confidence in supporting Eastern Harbor.”
This is the advantage of government intervention. No matter how powerful speculators are, they are still just speculators. They can’t influence the government. At most, they can bribe some media outlets to spread bearish sentiments. That’s about it.
However, when the government steps in, it’s a different story. The credibility of the government is incomparable to any media outlet. Moreover, the resources that the government can use are far greater. And the suspension of trading is the best method, Nie Zhenbang’s trump card. Temporarily stopping your sell-off. This is the government’s rogue-like behavior, although it’s unorthodox. There’s simply nothing that speculators can do.
Hearing Nie Zhenbang’s words, Han Qi nodded his head and immediately began to set things into motion. At this time, the Eastern Harbor’s stock market was undergoing a thrilling battle. The drastic movement of the index led the market into pessimism.
Soon after, at noon closing, the securities exchange announced a notice. Due to the large fluctuations over the week, trading would be suspended in the afternoon and resumed on Monday.
Reading the announcement from the securities exchange, Soros was stunned. He sat on his chair, his face gloomy. As a top fund manager in the world, Soros’s keen insight was extraordinary. At this moment, Soros had a bad premonition that he might suffer a loss in Eastern Harbor this time.
PS: Recommendation for a book
Yang Xueguang started from scratch, went through all kinds of hardships, passed various tests, stepped by step on the official path, showcasing extraordinary political talent, and suddenly one day he found out that he was the legendary member of the Tide Party…
An official’s journey to success, a smooth path to high positions!
Title: Path to High Positions
Also, seeking for monthly tickets, this month, Old Cai, feels guilty about the long-time no update last month and hesitates to ask for monthly tickets without creating a single chapter. However, the monthly tickets are slow. Here, I am asking for a monthly ticket for some comfort.