Rebirth of the Financial Crisis Sweeping the World

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Then Wang Guanxi and others came to the dining place.

The waiters at the Island Royal Hotel specially brought lunch.

"Today is Cantonese cuisine. Directors, please take your time." The female manager of the restaurant was standing by with a group of female waitresses.

The waitresses in these hotels looked at these young directors with admiring eyes. In their hearts, they were looking forward to and imagining being favored, even if they became lovers.

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

Today, the Hong Alliance, the Wong Group, and the Zheng Group surrendered. The Black Shirt Hedge Fund made a net profit of HK$10.4 billion. The five mascots belonging to the Black Shirt Group all received bonuses and were very happy in their hearts.

"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 Tingzi porridge, dry-fried beef river, shrimp wonton noodles, raw intestine and rice porridge, sesame fried rice rolls, fried egg and shrimp fried river··

Everyone drank together, enjoyed lunch, and talked about the world economic and financial situation.

There is a lot going on in the world.

Although the United States passed a new version of the US$700 billion rescue plan last Friday, financial markets lack confidence.

Especially in the morning session today, Asian stock markets all fell, triggering great discussion.

Xinhua News Agency: [The good news cannot stop the decline, the Shanghai stock index fell more than 5% and broke through 2200 points]

Both cities opened lower in early trading. The Shanghai Composite Index broke through the 2,200-point mark twice during the session. Heavyweight stocks in the coal, banking, steel and other sectors dragged down the market and fell.

As of the morning's close, the Shanghai Composite Index was at 2173 points, down 100 points or 5.23%.

The China Securities Regulatory Commission launched a pilot program for margin trading, the central bank restarted medium-term notes to support central enterprises in repurchasing stocks, and the European Union responded to the U.S. bailout 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 topped the list of declines, with the sector falling by 7.79%.

Futures Daily: Domestic futures markets fell by the limit across the board

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

Wang Guanxi said: "The market is beginning to panic, and Asian stock markets will fall even worse in the afternoon."

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

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

The Hang Seng Index closed at 17,300 in the morning session, and he felt that it might fall below 17,000 in the afternoon session.

Wu Zhankun smiled and said: "Old Zhang, if the Hang Seng Index wants to fall below 17,000, I guess we have to wait until tomorrow."

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

Bai Weiqiang said excitedly: "If the Hang Seng Index falls below 1,700, the U.S. stock market will definitely plummet tonight."

Wang Guanxi smiled: "Mr. Bai, you were right before. After the new version of the US$700 billion bailout plan comes out, all the benefits will be exhausted."

Wu Zhanhai said excitedly: "BOSS, if the Hang Seng Index continues to plummet, then the Hong Kong stock market will not know how badly it will fall."

Lu Jianyan chuckled: "When the time comes, we can let Luo Baowen be the secretary. Haha, the Luo family's company will collectively go bankrupt!"

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

When it comes to Luo Baowen working as a secretary for BOSS, everyone is particularly interested.

Time flies by.

Opening in the afternoon session.

The Hang Seng Index fell 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!

South Korean stock market plummets!

The Australian stock market also plummeted!

European stock markets also plummeted after opening!

····

Global financial markets panicked.

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

"Oh my God!"

"Oh my God, what happened?"

"Stock markets around the world are falling"

"The stock market is falling so fast!"

"Is there going to be Black Monday today?"

“The stock market is accelerating its decline”

“Sell the stocks quickly!”

"It's a shame to be paralyzed"

···

Asian stock markets and European stock markets keep falling!

When the Hong Kong stock market closed, the Hang Seng Index fell to 16,803.

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

The state-owned enterprise index closed at 8,416 points, down 596 points.

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

The significant deterioration of U.S. economic data has hit external stock markets and commodities, etc., and they have plummeted, thus dragging down real estate stocks and resource stocks to plunge!

At the same time, Ping An Group will accrue huge investment losses, and Hang Seng Bank's holdings of bankrupt Washington Mutual Bank bonds in the United States continue to cause concerns, causing financial stocks to suffer heavy selling pressure.

Blackshirt Investment: The slowdown in the real economy may be worse than the market imagines. Market deleveraging and increasing the ratio of capital and long-term debt will continue to put pressure on overall valuations.

Blackshirt Insurance Company: If the state-owned enterprise index hits 7,000 points, the market should digest a lot of bad news. By then the index has fallen 67% from high to low, and the price-to-earnings ratio has dropped to minus 1.7 standard deviations below the three-year moving average. , close to the 1998 financial crisis.

Retail investors were frightened!

"Is this fucking financial crisis about to break out?"

"Hey, didn't you bail out the market? Why did it still fall so miserably?"

"Damn it, this stock market is so scary, I can't afford to play anymore."

"Oh, I wish I had sold all my stocks this morning."

"It's too late to say anything now. I bought it today and it's stuck."

"Hey, I bought Hang Seng Bank, and its stock price dropped to HK$65 per share. I really lost money."

“Fortunately, HSBC’s share price did not fall much”

"Oh, the share price of Hang Seng Bank has fallen so miserably, it has actually dropped to HK$65 per share."

··

Destroy the Blackshirt Alliance!

Jiao Xiongbing of Dao Heng Securities and Adolfo Roguli of CLSA were completely stunned because of the plummeting share price of Hang Seng Bank.

They hold 61 million shares of Hang Seng Bank, with a position of HK$81.96 per share. Now the stock price has dropped to HK$65.00 per share, and they have already made a floating loss of HK$1.03 billion on their books.

Now I am trapped to death.

"Hey, what's wrong with the stock market?"

"Paradise, this Hang Seng Bank!"

Jiao Xiongbing and Adolf Roguli were extremely depressed.

Li Songwei of Yiqun Securities, You Zhenxuan of OPPO Securities, Jiang Jiwei of Dali Securities, Yue Runlin of Gaoxin Securities, and Ju Debiao of Fengnian Securities did not say anything.

I was shorting Wachovia Bank before, expecting Wachovia Bank to follow in the footsteps of Lehman Brothers and Washington Mutual Bank. Unexpectedly, Wachovia Bank was acquired by Wells Fargo Bank at a price of $7 per share, causing them to lose $1.09 billion, which works out to $1.09 billion per share. The company lost $245 million.

It can be said to be a heavy loss.

They wanted to earn it back elsewhere, but luckily they didn't do anything today.

Li Songwei said with lingering fear: "Fortunately we didn't go hunting for the stock market today."

You Zhenxuan said with great luck: "Yes, I originally planned to buy the Hang Seng Index today, but I never expected that it would fall so miserably, falling below 17,000."

Jiang Jiwei took a deep breath: "Fortunately, we held back before and didn't start buying the bottom of the Hang Seng Index to prevent another huge loss today."

Yue Runlin said with great anticipation: "It's okay. We will wait for the Hang Seng Index to fall for another day, then buy the bottom. This time we will make back all the money we lost on Wachovia Bank."

Ju Debiao angrily said: "We lost 1.09 billion US dollars on Wachovia 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 at the bottom.

And the panic continues!

Japan's benzene stock market fell sharply for the third consecutive day, falling 4.3% and closing at a four-and-a-half-year low.

As of the close on the 6th, the Nikkei 225 Index fell 465.05 points to 10,473.09 points, the lowest closing price since February 2004.

The Korean stock market fell for the sixth consecutive trading day on the 6th, with a drop of as much as 4.29%. As of the close, the Seoul Composite Stock Price Index was at 1,358.75 points, the lowest closing price since January 2007.

The Australian stock market plunged 3.3% on the 6th, with the benchmark stock index closing at its lowest point in nearly three years. As of the close, the benchmark S\u0026amp;P/ASX200 index fell 155 points to 4,540.40 points, the lowest closing point since November 2005.

Blackshirt Group Headquarters.

Wang Guanxi and others were very excited.

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

Zhang Dexi: "The Hang Seng Index has dropped to 16804. BOSS, Fund No. 1 is making huge profits."

Fund No. 1 holds 60,000 short positions on the Hang Seng Index. The position is at 19950, with a floating profit of HK$9.438 billion and a net account value of HK$15.938 billion.

Wu Zhankun: “HSBC’s share price has also fallen a bit.”

Wang Juehao: "The stock price of Hang Seng Bank has fallen miserably, and Daoheng Securities and CLSA must have lost money."

Bai Weiqiang: "They are so trapped this time that it is difficult to close their positions!"

Wu Zhanhai: "I wonder how the US stock market will be tonight?"

Lu Jianyan: "European stock markets are also plummeting. Will the U.S. stock market do well tonight?"

Wang Guanxi smiled and said: "The fun is yet to come, and the highlight is going to the U.S. stock market tonight!"

Li Guangyu: "BOSS, Indians are going to be in bad luck tonight."

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

Guan Zhenyi also said: "I don't know how the U.S. bank stocks will fall tonight."

Lin Jiyang laughed and said: "At least it fell by more than 15%!"

Wang Guanxi smiled lightly and said: "It should be more than 15%. I hope it will fall by more than 30%."

It's night time soon.

U.S. stocks open!

Then the stock market fell across the board!

All sectors are down.

There is great panic in the market!

"Paralyzed, plummeting!"

"Fuck, I knew it would plummet"

“Sell quickly!”

"Selling"

"Don't hold it anymore"

"Well, as a retail investor, why did the stock market plummet when I bought it?"

"What bad luck!"

··

Citibank, Wells Fargo, Bank of America Corp., Silicon Valley Bank, Huntington Bank, Bank of Hawaii, Royal Bank of Canada, TD Bank, J.P. Morgan, Morgan Stanley, Goldman Sachs, Walmart Inc., MasterCard...Microsoft, Apple, Google, Amazon, ASML, Salesforce...all are down.

It's Black Monday!

The market is filled with panic information.

[Russian stock market fell 19.1% on Monday]

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

On October 6, the Paris CAC 40 stock index opened lower and moved lower, closing at 3711.98 points throughout the day, a plunge of 9.04% from the previous trading day, the largest single-day decline in the history of the stock index.

[The London stock market plummeted and the stock index fell as much as 7.85%]

Banking stocks were the big losers on the day, with Royal Bank of Scotland falling 20.46%, and other banks such as Halifax Bank of Scotland, Lloyds Bank and Standard Chartered Bank falling 18.4%, 10.77% and 9.73% respectively.

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

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

[On October 6, the DAX index in Frankfurt, Germany fell 7.07%]

[The Wall Street financial turmoil descended on Europe and global stock markets, and panic selling occurred again]

While the U.S. financial industry and economy are still in turmoil, the sudden deterioration of the European banking situation has once again dealt a heavy blow to investor confidence.

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

Asia-Pacific and European stock markets generally fell by more than 4%, and stock indexes hit multi-year lows.

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

The euro's exchange rate also fell sharply, with the euro falling to a 13-month low against the U.S. dollar and its biggest one-day drop against the Japanese yen in seven years.

The US$700 billion bailout plan has just been finalized, and the financial industry has not yet had time to fully digest this benefit. However, across the ocean, Europe 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, many large European financial institutions such as Fortis Group and German Real Estate Financing and Mortgage Bank have been in emergency, and 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 individual actions to alleviate the banking crisis.

Financial markets across Europe are in mourning.

After European stock markets closed at 11:30 p.m., U.S. stocks were still falling.

Large financial institutions such as Bridgewater Associates, Blackstone Group, Citadel Investments, Millennium Management, Desha Hedge Fund, Renaissance Technologies, Man Group, etc. are selling continuously.

The Dow Jones Index keeps falling!

It plummeted 800 points that day, shocking the world!

Wall Street Journal: Dow Jones falls below 10,000 points for first time in four years

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

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

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

Nehru, Sandeep Batra, Ratan Tata, Feroz Sanghvi, Anand Mahindra, Raju Shroff, and Jirayu Amin all looked extremely pale. Cold sweat dripped down my back.

The U.S. stock market opened so badly today!

The Dow Jones index fell below the 10,000-point mark.

"Why did the stock market fall so badly?" Nehru was furious and waiting for the computer screen!

He never imagined that the global stock market was so fragile, and the global stock market plummeted, which did not give the United States's US$700 billion rescue plan any face!

Now Indian stocks are falling continuously.

Their Indian private pension fund holds 5 million shares of Citibank, with the opening position at US$136 per share. The profit on the books keeps shrinking, and it is impossible to close the position because the 5 million shares have been lent to the black bank. Shirt Group is short!

"Fuck me, I hate this damn stock market." Sandeep Batra stared at the computer screen with hatred on his face and wanted to smash the computer!

Industrial Trust and Investment Bank of India holds 6 million shares of Citibank, with a position of $215 per share, and its book losses are expanding!

And in Wells Fargo, they held 50 million shares, with an average position of $22 per share. The profits on the books were decreasing crazily. He clenched his fists tightly, feeling extremely unhappy!

Ratan Tata's chest was heaving, and he cursed: "This bullshit stock market is stupid! The stock price of HSBC 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 in Hong Kong will definitely plummet!" "

The Tata consortium holds 150 million shares of HSBC Hong Kong and lent it to Blackshirt Insurance for short selling. 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 be like tomorrow. Look!

Feroz Sanghavi said uneasily: "Oh, we miscalculated this time. We are so numb. I feel that the stock market will not be good. Let this black-shirted group make money again. Damn it!"

The Imperial Bank of India held 40 million shares of Bank of America Corporation and suffered a lot of losses on its books. These 40 million shares had been lent to the Black Shirt Group and could not be liquidated.

Anand Mahindra said with a worried face: "I don't know if Wells Fargo's stock price will fall below 30 US dollars per share this time. Alas, the black shirt group has a high short position. This time they made money and we lost money. Money, I’m so unwilling to accept it.”

The Bank of Baroda in India holds 100 million shares of Wells Fargo Bank, with a position of $40.00 per share, and the losses on their books continue to increase.

The Blackshirt Group shorted Wells Fargo, and its profits on the books continued to increase.

He was extremely unwilling and pulled off one of his beards.

Rajushlov took off his big red glasses and said angrily: "The U.S. stock market fell so miserably tonight. If the Hong Kong stock market opens tomorrow, wouldn't it fall even more miserably? Damn it!"

“The stock price of HSBC Bank USA has fallen so sharply!”

“I don’t know how the stock price of HSBC Hong Kong will drop tomorrow!”

Their Indian Overseas Bank held 300 million shares of HSBC Hong Kong. The position was set at HK$120.00 per share, and they were trapped.

Tomorrow when the Hong Kong stock market opens, HSBC's share price may plummet, and the Black Shirt Group will make a lot of money by shorting HSBC. He feels unbalanced.

Jirayu Amin tore off a piece of his long curly hair and cursed: "Fuck you, this lousy Bank of America, this lousy U.S. stock market, I'm a FUCK!"

Union Bank of India holds 100 million shares of Bank of America, with a position of $37 per share, and floating losses are increasing. They don’t know if Bank of America’s stock price will fall below $30 per share!

··

Blackshirt Group, in the trading room,

Wang Guanxi and others were very happy.

"Haha, it's really amazing."

“It fell too hard”

"Hey, this time the Indians are going to cry to death"

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

"Keep falling for me"

"Citibank, Wells Fargo, and Bank of America Corp. are falling!"

"Fall!"

"Grass!"

"Fall!"

The stock prices of Citibank, Wells Fargo, and Bank of America have still found support and cannot plummet, but it's okay, just keep waiting.

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

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

You know, he invested heavily in shorting Citibank, Wells Fargo, and Bank of America!

"Yes, BOSS" Everyone came over and sat together drinking tea and chatting.

Soon the news came again.

Bloomberg: The U.S. government says it will cooperate with the world to deal with the financial crisis

AP: Fed increases credit supply to $900 billion

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

Morgan Stanley: The Federal Reserve issued a statement in Washington today saying: The Federal Reserve is ready to take additional measures when necessary in order to cultivate liquid money market conditions.

The statement said that Fed governors and Treasury officials are consulting with market participants on ways to provide additional support for the term unsecured funding market.

Citibank: The Federal Reserve said that as part of the measures taken today, it will increase the size of its 28-day and 84-day term auction facilities to $150 billion each.

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

Finally, after 2 o'clock in the evening, the stock market rebounded.

··

[Global stock markets encounter Black Monday]

As investors believed that governments of various countries were expected to coordinate to rescue the market, U.S. stocks rebounded strongly, and the Dow Jones Industrial Average recovered more than half of its losses.

As of the close, the Dow Jones Industrial Average fell 369.88 points to close at 9955.50 points, a decrease of 3.58%. This is the first time since October 29, 2004 that the Dow fell below the 10,000-point mark.

The decline in the stock market was accompanied by commodities such as crude oil.

International oil prices fell below $90 in early trading in New York yesterday, hitting an eight-month low. Other commodity futures also plunged. In China's domestic futures market, yesterday there was a "spectacle" of all types of commodity contracts falling to their limits.

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

Then he opened the stock price chart.

At 4 o'clock this morning, Citibank's stock price closed at US$173.00 per share. Fund No. 2 shorted 5 million shares, opening a position at US$213 per share, with a floating profit of US$200 million, and a net account value of US$1.23 billion.

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

Bank of America's stock price closed at US$31 per share. Fund No. 4 shorted 40 million shares and opened a position at US$38.00 per share, with a floating profit of US$360 million and a net account value of US$1.88 billion.

The total floating profit was US$1.26 billion, and the results last night were good.

Today is the Double Ninth Festival, and the Hong Kong stock market is closed, so Wang Guanxi said to the horses: "Today is a day off. Let's take a good rest and get enough sleep."

Blackshirt currently has 2.064 billion US dollars in his hedge fund account. He plans to buy the bottom of the U.S. stock market in a few days. The specific stock is not yet certain.

Let’s celebrate the Double Ninth Festival first. I haven’t been back to Shenzhen City for a long time.

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