If you cheat, money will follow
Chapter 693 Reverse Harvesting
At 9:15 in the morning, the Asan stock market bell rang on time, and the day's trading began.
However, the market atmosphere on this day was extremely tense.
Not long after the market opened, the Sensex seemed to have been hit hard, with heavy volume plummeting in just ten minutes.
The numbers fell rapidly like a kite with its string cut off, plummeting 7000 points, instantly falling below the important threshold of points, triggering the market's circuit breaker mechanism.
There was a cry in the market, and US$4500 billion in market value evaporated in an instant.
Various sectors such as automobiles, pharmaceuticals, mining, and finance have all been hit hard, and no one has been spared.
The stocks of Green Energy, Total Gas and other companies under the Ada Group all fell to the limit, reaching the decline limit. Market capitalization giants such as Reliance Group and HDFC Bank have also joined the ranks of falling to the limit.
The entire market seemed to have fallen into a dark whirlpool, with 5500 of the 3000 stocks falling below their limits.
Faced with this sudden plunge, everyone from official institutions to securities company practitioners to business owners and ordinary retail investors showed expressions of disbelief.
They covered their mouths and widened their eyes, as if they couldn't believe what was happening in front of them.
This thrilling scene makes people wonder if the end of the world is coming.
However, the market's nightmare did not end there.
On Tuesday, September 9, North America’s fourth economic “nuclear bomb” was launched again.
An hour before the market opened, the United Nations released a report on the world economic situation in 2023.
The report predicts that Asan's economic growth rate will plummet to 8% from the original 5.8%. This news was like a bolt from the blue, once again severely damaging the market's confidence.
The report also pointed out many problems existing in Asan's economy, such as "low labor participation rate" and "lack of development momentum in the economic powerhouse South" and other fatal problems.
At the same time, the report also expressed concerns about Asan's future economic growth prospects, believing that the key lies in whether it can realize the transformation from the service industry to the manufacturing industry. However, the prospects are currently unclear.
At 9:15, Asan's stock market opened.
The Sensex30 index continued to plummet, falling an astonishing 6000 points throughout the day, a drop of as much as 9.23%, and finally closed at points.
Another $4000 billion was lost in market value.
In just two days, Asan's stock market wiped out all the growth achievements of the past five years.
The market is filled with grief, and investors are on the verge of crying.
This plunge not only destroyed countless people’s dreams of wealth, but also cast a heavy shadow on Asan’s economic future.
As for Ada Group, the stocks of seven listed companies under the group once again hit the limit, and the market value evaporated by an astonishing US$7 billion in an instant.
This heavy blow caused the CEO of Ada Group to lose a quarter of his net worth.
Faced with this sudden stock market storm, Ada finally couldn't hold it back.
With a face full of anger and eyes flashing with rage, he publicly accused Wall Street of being "a bunch of greedy vultures."
His voice was full of unwillingness and frustration, "This goes far beyond blocking a specific company. It is jealousy of our long-term accumulation of growth stories and ambitions. It is a deliberate attack on us, and it is an attack on the entire company." The plundering of the country’s economic development achievements!”
Ada made it clear that it would take legal measures against Hindenburg.
Hindenburg was undaunted and responded quickly: "We are very much looking forward to your actions."
However, the storm did not end there.
On the night of September 9th, John Bull's BBC TV station accurately launched a documentary called "Ah San: The Problem of the Old Immortal".
The film lavishly excavates the sensitive black material of Lao Xian's past and exposes him in the spotlight.
The Ministry of Foreign Affairs of Asan responded quickly and sternly criticized: "This documentary is full of prejudice and colonial thinking, and completely lacks objectivity."
Faced with Ah San's rebuttal, the BBC seemed extremely excited.
They did not hesitate to fight back, issuing a statement saying: "This documentary was rigorously researched based on the highest editorial standards. We listened to a wide range of voices from all sides, interviewed numerous witnesses and experts, and obtained insider information. response."
Although the plummeting stock market put Lao Xian under pressure, he was still able to hold his ground.
However, when the black material was mentioned again, Lao Xian finally became anxious.
He eagerly used his power and ordered the IP regarding the documentary to be blocked on social media.
He even took unconventional measures to prevent people from watching "violations".
On university campuses, if any students dare to play this documentary, they will be punished by shutting off the power supply, and even military police will be dispatched to arrest college students who violate the rules.
This series of actions undoubtedly caused a greater disturbance.
When our eyes return to the Asan stock market again, it is not difficult to find that this documentary has had a considerable negative impact.
On September 9, the Sensex index once again experienced a thrilling plunge, falling 6 points, a staggering 3000% drop.
In this stock market storm, Ada Group became one of the most severely damaged representatives.
In just three trading days, its market value evaporated by US$1200 billion, and Ada's personal worth also shrank significantly, by two-thirds.
The entire stock market plummeted in these three trading days, falling as much as 22.86%.
The market value has evaporated by more than US$1 trillion, a figure that is enough to shock the global capital markets.
For a time, the voice of "Ah San can't hold it anymore" was very loud.
Foreign direct investment has shrunk by 50%, and Asan's credit has been questioned by the outside world.
The market is filled with all kinds of bearish views, and people are beginning to worry about Asan's economic prospects.
A large amount of capital began to withdraw capital and flee. This move undoubtedly brought a huge impact to the Asan foreign exchange market.
Wall Street financial institutions have been well prepared. They have begun to launch a fierce attack on the rupee in the foreign exchange market, seeming to want to repeat the history of the 97 Asian financial crisis.
Against this background, the rupee exchange rate fell below 90 against the US dollar, hitting a record low.
The collapse of the exchange rate has brought about serious problems. The most direct impact is a decline in income, consumption downgrade, asset depreciation, and life difficulties.
However, this also provides opportunities for foreign capital to harvest at low prices.
In short, Asan is facing the threat of financial crisis.
In Jiangzhou.
After the Asan stock market closed at noon, Chang Le asked Gu Jiahui about his profits.
Gu Jiahui estimated: "I probably made about 100 billion US dollars."
However, Chang Le expressed doubts about this number: "So few?"
Gu Jiahui shook his head helplessly and explained: "Hey, boss, there are too few counterparties, and the short-selling channel is extremely crowded. I suspect that all institutions in North America are here and doing short selling."
Chang Le laughed after hearing this: "Oh? In this case, we will do the opposite. Since they all like to go short, then we will go long and take a cut in the opposite direction."
He paused and then said: "From another perspective, as our neighbor, Asan's economy can have problems, but it cannot have major problems. Once a major problem occurs, they will definitely take extreme measures to divert domestic conflicts. "
Gu Jiahui was a little worried: "Boss, we may not have enough funds, so we don't rule out the risk of being cut off."
Chang Le patted him on the shoulder and comforted him: "Don't worry, someone will help us wave the flag and walk hand in hand. Build a position, and starting from tomorrow, we will go long in the opposite direction."
"Okay!" Gu Jiahui replied.
Chang Le turned to Zeng Xi again: "Sister Zeng, please work hard during the session tomorrow and announce that you are optimistic about Asan's financial market."
Zeng Xi immediately understood what Chang Le meant: "No problem, I will contact the media immediately."
A battle about the Asan financial market is about to begin.
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