The literary era since 1979

At noon, Hong Kong was as usual, with every dining place still crowded with people.

Pan Yaoming's mouth was as big as a lotus. "Yanzi, I have to admit that you are amazing. You said that the US stock market would fall, the Hong Kong stock market would fall, and they really fell. You said that there would be a stock market crash, and it really happened, and it was a global stock market crash."

Fang Yan teased, "Why do you sound so awkward? It feels like you are saying that I have a bad mouth?"

"How is that possible? In all conscience!" Pan Yaoming said, "I was clearly praising you."

Fang Yan said: "It seems that you have escaped unscathed from this stock market crash, right?"

"Hehe, listen to others' advice and eat a full meal."

Pan Yaoming said: "As soon as you reminded me, I followed your advice and sold all the stocks I had on hand regardless of profit or loss, regardless of the price. I also shorted a few shares of the Hang Seng Index. Judging from the current situation, it can definitely make up for the losses caused by the previous selling."

Fang Yan hooked his shoulder and said, "In that case, you must treat me to lunch today."

Pan Yaoming was all smiles, "Please, please, please! Not only lunch, but also a good dinner would be fine!"

The two came to a tea restaurant that used to be very popular. During the bull market of Hong Kong stocks, almost all the customers would openly shout "Give me a bowl of shark fin soup to rinse your mouth", which means ordering a bowl of shark fin soup with white rice, highlighting the inhumanity of the rich.

However, at this moment, most of the people present had lost their smiles on their faces, their expressions were quite solemn, and a dark cloud hung over their heads.

He was either listening to the radio or staring at the TV in the restaurant that was playing financial news.

“Whether the U.S. has experienced the largest stock market crash in history is debatable.”

"At present, the Securities and Exchange Commission has announced that it is actively trying to rescue the market, but the newly appointed chairman David Ludd said in his speech that 'it is not ruled out that the market will be temporarily suspended to deal with the imbalance of orders', which has caused distrust and panic in the US stock market."

"As of now, the Dow Jones Index has retreated after a sharp decline, closing at 2100 points at noon."

"The market value has evaporated by nearly 4000 billion US dollars... In Hong Kong, the prediction of the Hang Seng Index breaking 4000 points before the New Year has failed."

"........."

Fangyan glanced around and saw everyone with pale faces and wide eyes. The atmosphere became solemn and tense in the dead silence.

Pan Yaoming lowered his voice and asked, "Yanzi, in addition to the Hang Seng Index, have you also mixed in the Dow Jones?"

"I did some of it, more or less."

Fang Yan rolled his eyes and said, "Don't worry, the portion you put in the fund is also operated according to my investment portfolio."

"Thank you very much. I'll use Yuanyang milk tea instead of wine to toast you."

Pan Yaoming smiled happily.

Fang Yan said, "You better take it easy. Now that everyone has lost money, they are all angry and may not see others as better off."

Pan Yaoming immediately stopped smiling, fearing that he would arouse the jealousy of those around him:
"Then can you tell me roughly how much you can earn, so I can have an idea?"

"Look at you, you're anxious again. It's only the first day, how can I calculate it for you? Besides, positions and leverage are very complicated." Fang Yan said, "Some have 10x leverage, some have 8x leverage, and some have 5x leverage, but no matter what, you will definitely make more money this time."

"After you said that, I feel completely at ease." Pan Yaoming's mouth curled up slightly, but he quickly changed his expression like a Sichuan opera and pulled down the smile.

Fang Yan took a bite of abalone rice and said, "I told you before that this global stock market crash is not only a 'danger', but also an 'opportunity'. Many blue chip stocks and high-quality stocks with appreciation potential will be at low prices. You can definitely buy some at the bottom and get a big bargain."

Pan Yaoming's eyes lit up, "Do you have any good stocks to recommend?"

"You can ask Ruoxue about this. I have already asked her to investigate and compile a list."

I vaguely remember that there were Moët Hennessy Louis Vuitton, Lockheed, Raytheon, General Electric, etc. on it.

The reason why stocks of military-industrial enterprises are included in the investment scope is that when wars broke out one after another in the 90s, such as the Gulf War, the stocks of these companies involved in military informationization or military electronics would surely rise sharply, and this stock market crash was the best time to buy.

Of course, I also paid some attention to the stock price of Huang Yulang's company.

After all, this involves an important piece of comic puzzle in his own entertainment empire.

………………

At 2:30 p.m., the stock market opened and selling orders appeared in waves. Even the "wonder of the falling market" Swire Properties began to fall.

In just one hour, the Hang Seng Index fell another 1 points. Many stocks, even blue-chip stocks, had only sellers, and there was no buyer.

Investors wanted to sell but had no way to do so and were in tears. Their mood turned from absolute optimism to extreme pessimism within one day.

It was originally thought that the short-term rebound of the Dow Jones Industrial Average to 2100 points would mark the end of the entire stock market crash nightmare, but it was unexpectedly just the beginning. The Dow Jones Industrial Average fell to 1900 points in less than two hours at the speed of a flood, with a drop of 22.62% on the day.

Along with the turmoil in the U.S. stock market, the Hong Kong stock market suffered an overwhelming sell-off and the market was extremely pessimistic.

The Hang Seng Index closed at 3362.39 points that day, down 11.1%. The stock market was in devastation and the stock index futures market was even more vulnerable. Both the current month and forward Hang Seng Index futures hit the limit down several times. The panic caused by this quickly spread to every corner of Hong Kong.

There are not only Ni Xun and his son Ni Zhen, but also Huang Yulang who is locked in the company office all day long.

I felt listless and even a little confused, and from time to time I would think of the glorious moment when the company rang the bell last year.

At that time, he proudly declared in front of many media, "My company went public. It was the first comic book company in the world to go public. I couldn't sleep the night before because that moment was the pinnacle of my life. When the bell rang, I was so excited that I went crazy!"

But I immediately thought of the company's stock price plummeting today, the heavy losses it suffered, and the stocks pledged to the bank also shrunk significantly.

Once the market value of the pledged stocks falls below the liquidation line, the bank will frequently call him, urging him to add margin or replenish collateral. If someone intends to acquire Yulang International at this time, these pledged stocks will become poison.

After much deliberation, he has been considering whether or not he should forge false accounts in order to preserve his Hong Kong comics empire and survive this stock market crash.

At this moment, the secretary knocked on the office door and hurriedly brought a piece of news that was not sure whether it was good or bad.

The Hong Kong Stock Exchange held an emergency meeting immediately after the afternoon break. In order to keep investors calm and deal with the large backlog of settlements, it considered making a decision before the market opened at 10 o'clock the next day and preparing to suspend the market for four days. The Hong Kong Futures Exchange also planned to make the same decision.

"What, closed?"

Huang Yulang was shocked. If the Hong Kong stock market announced a 4-day suspension, it would become the first stock market in the world to be suspended during a stock market crash. (End of this chapter)