Chapter 459: Chapter 429 Thrilling_3
However, without much hesitation, these short positions were swiftly cleared by the funds. At this mont, 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 governnt. 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 exclaid, “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 plumted.
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 mont. Under his influence, the financial defense of Eastern Harbor would not proceed like in the past. Today should mark the beginning of the fight.
Imdiately, Nie Zhenbang ordered solemnly, “In two hours, place long positions on the futures market. It’s ti 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 governnt. 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 resud the next Monday. Also, get in touch with the Central Governnt’s Office in Hong Kong, ask for their cooperation, and express the central governnt’s strong confidence in supporting Eastern Harbor.”
This is the advantage of governnt intervention. No matter how powerful speculators are, they are still just speculators. They can’t influence the governnt. At most, they can bribe so dia outlets to spread bearish sentints. That’s about it.
However, when the governnt steps in, it’s a different story. The credibility of the governnt is incomparable to any dia outlet. Moreover, the resources that the governnt can use are far greater. And the suspension of trading is the best thod, Nie Zhenbang’s trump card. Temporarily stopping your sell-off. This is the governnt’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 imdiately began to set things into motion. At this ti, the Eastern Harbor’s stock market was undergoing a thrilling battle. The drastic movent 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 resud on Monday.
Reading the announcent 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 mont, Soros had a bad premonition that he might suffer a loss in Eastern Harbor this ti.
PS: Recomndation 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 mber 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-ti 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 so comfort.
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