Chapter 1221: 1228

News from the Hong Kong Convention and Exhibition Center, like a singularity in the big bang, has spread rapidly all over the world while the press conference is still going on.

In every corner of the planet, no matter what time zone, people have been informed that the media has started to release emergency news, financial institutions have temporarily convened meetings, and governments have been discussing countermeasures. Even with the release of the news, countless ordinary people who have been concerned about the financial turmoil in Asia for months have been talking about it. Some financial forums on the Internet have even been affected by the crisis For the sudden influx of too many users, there has been an accident of downtime.

Naturally, Hong Kong's financial market will bear the brunt.

At 2:06 p.m. on October 29, 1997, the press conference of Hong Kong Convention and Exhibition Center just started. With the rapid spread of the news, the Hang Seng Index hit the lowest 9355 point of Hong Kong stock market in four months, and then began to turn.

At first, the trend curve of Hang Seng Index seemed to be hesitant. With the live broadcast of the press conference by Internet media platform and wireless TV stations in Hong Kong, the news was confirmed. The curve of Hang Seng index began to rise rapidly in a nearly straight line. By the end of the release meeting, the Hang Seng index had risen from the lowest point of 9355 points to 10069 points, 30 points Clock time, the Hang Seng Index rose to an amazing 7.6%.

Then, a large number of short capital that still bet on Hong Kong also reacted, and at the same time began to organize large-scale short selling, trying to suppress the continued surge of the Hang Seng Index. Almost at the same time, the capital raised in advance by the Hong Kong Monetary Authority also entered the market directly, playing a close game with bears.

In the last two hours of trading, the Hang Seng index was full of ups and downs.

At the same time, Hong Kong's exchange rate market, even if it is not the main battlefield, is also involved in the relevant game, which is accompanied by Hong Kong's bond market and other financial capital fields.

Finally, at 4:10 p.m., the Hong Kong stock market closed, and the Hang Seng index was finally set at 10537. From the opening 9639 to the closing 10537, the rise reached 9.3%, and the overall one-day fluctuation of the Hang Seng Index reached 12.6%.

In addition, on October 29, the total trading volume of Hong Kong stock market reached HK $36.3 billion, of which more than HK $24 billion were completed in the last two hours of the afternoon. Therefore, we can see how fierce the long short capital game is.

On the other hand, stimulated by the good news, the exchange rate of the Hong Kong dollar against the US dollar also rose by 1.04% throughout the day, from HK $7.83 to US $1, which is on the verge of floating the lower limit of the linked exchange rate, to US $7.75 to US $1.

The sharp rise in Hong Kong's stock market and foreign exchange market also quickly spread to the whole of Asia.

As many bears thought that this would be the end of the Asian financial crisis lasting for four months, they began to flee one after another. During the subsequent trading hours of various countries and regions on that day, the stock, bond and foreign exchange markets rose all over the board.

Except for the hapless South Korea.

Because the opening time of South Korean stock market is from 8:00 a.m. to 2:00 p.m., plus the time difference, but the news from Hong Kong has reached South Korea, where it is already 3:00 p.m.

South Korea's stock market has closed for an hour.

Therefore, when Hong Kong's financial situation was in a big reversal, on Wednesday, the South Korean stock market fell 4.5% again. The Kospi index closed at 327 points, which was 1145 points from its peak in 1994, with a cumulative decline of 72%. Even within one year, it fell more than half from its peak of 849 points in October last year.

After all, the Korean stock market is just a small plate, and the worst is the Korean won.

On the same day, the one-day decline of the won again reached 5.4%, from 1781:1 to 1877:1 against the US dollar. Compared with the exchange rate of around 800 against the US dollar a few months ago, the depreciation rate of the won has exceeded 50%, and there is no sign of stopping bleeding.

When the major financial markets in Asia closed one after another, as the night gradually covered all parts of Asia, Europe and North America ushered in the dawn one after another, media opinion about the press conference of Hong Kong Convention and Exhibition Center on October 29 finally began to break out on a large scale.

Governments around the world, major media, major financial institutions and even the public on the Internet platform have commented on the black swan level super financial event.

First, Asia.

The Japanese and South Korean governments, who can be called the younger brother of the United States, were the first to affirm the press conference. The South Korean Kim Yong San government even directly called on Washington, calling on the federal government to take more powerful measures to curb the attacks of international financial speculators on the economies of Asian countries.

Thailand, Malaysia, Indonesia and other countries have mixed emotions.

Because the participants of this conference, quantum funds, have just been rampant in the financial markets of their countries in the past few months. Now, wolves suddenly stop eating meat and protect sheep instead, which seems to be a good thing. However, they have been gnawed all over the sheep, how to calculate?

So I didn't mention it at all.

In the relevant statements, they only affirmed Hong Kong's bold and active intervention in the market and the measures taken by the westero system to maintain the stability of the international financial order.After the announcement of the government's position, the media of Asian countries have basically maintained a consistent tone. That evening, a news program with the highest ratings in mainland China gave the press conference a full 12 minutes to report in detail. At the same time, it publicly expressed a popular slogan in mainland China in a rather euphemistic way. When friends came, there was good wine, jackals came and shotguns.

Of course, there is absolutely a lot of noise in one-sided public opinion.

In an interview with Fuji TV that night, the chairman of Nomura Securities, Suzuki Zhengzhi, was a little excited. He gave a little affirmation to the press conference, and then began to criticize it. He accused the sudden turn of quantum fund as a conspiracy. The more he said, the more angry he became. Finally, he simply contradicted himself and turned to a complete negation. He scolded the three parties of the press conference one by one, saying that the change of quantum fund was a conspiracy The Hong Kong authorities should not break the rules of the free market. They think that Simon westero is totally wrong in his position. They think that the quantum fund must have done the overall situation, Balabala.

Fuji TV's host is also sharp. After Suzuki's complaint, he immediately asked whether Nomura Securities had bet a large number of short positions in Hong Kong.

Suzuki was stunned on the spot, then quickly denied it, and finally got up and left the studio.

It also quickly became news.

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This is because Nomura Securities has been in a very poor state of operation in recent years and has been losing money for several years in a row. Now, the Asian financial turmoil is continuing. If Nomura Securities encounters a huge loss in Hong Kong, it is likely that it will be completely unable to support it.

Faced with investors' doubts, Nomura Securities had to hold a small press conference one hour after the chairman's interview with Fuji TV, and once again publicly denied that Nomura had no short position in Hong Kong.

However, in fact, a senior executive of Nomura Securities, who was laid off two months ago, disclosed on the social network that he had personally participated in the operation of the derivatives team of Nomura on the Hong Kong stock market since the first half of the year, because in the first half of the year, the hang Seng Index rose against the market when the stock markets of other Asian countries and regions fell one after another, and Nomura, who was short on the Hang Seng Index, lost a lot at that time, It is precisely because of this loss that he was laid off by the company.

In the face of the disclosure of the former executive, Nomura Securities simply pretended to be dead and did not make any reply.

Compared with Asia, when the sun begins to shine on Europe and a new day comes, the governments of European countries, mainly the developed Western European countries, make one-sided criticism of this press conference in Hong Kong, almost without exception.

Jacques Chirac, French president, even said that the French government would take certain counter measures if necessary to deal with the incident of breaking free market rules in Hong Kong.

As for the financial giants in the European region, they have exploded together.

What's the situation?

There's a guy who's been leading the way in Asia for the past month. Suddenly he's coming at them. Are we going to turn around?

The question is, when can we turn around?!

The Hong Kong authorities couldn't manage it, so they tried to contact Soros of the quantum fund and a young man behind the westrow system to find out what was going on?

At least give me an explanation.

Is it a dream for us to harvest Asia happily?

Why not continue?

Why is it going against the water?!

Why should we attack our own people?

Why?

In this way, governments and financial institutions can imagine the direction of public opinion of the mainstream media in Europe.

For father-in-law sun, who is indifferent to the world, there is nothing new on the earth. The Sun continues to turn with the earth and throw it to North America.

When the younger brothers in Europe thought that the US government would raise its arms and resolutely strangle the unexpected black swan in Hong Kong, the major US paper media that were first released in the early morning could hardly be regarded as painless in reporting the relevant time, and could not see the anger of the capital forces represented by these media behind the curtain.

Shouldn't you be angry?

Then, at the regular press conference of the White House that morning, Clinton, whom we all expected, did not even show his face. The White House spokesman also said that the Hong Kong authorities' intervention in the financial market should be used with caution. He said that the attitude of the westero system and the quantum fund was just corporate behavior and it was inconvenient to comment on it.

As we all know, the United States is receiving a very important state visit recently. However, according to the usual practice, shouldn't the United States be tough from other aspects at this time?

Clinton, what the hell are you doing?

Of course, everyone is not a fool. After complaining, many people gradually come back.

Westero system, quantum fund, it's all American capital.

Before the two families do this, maybe, very likely Tell us about the rest of Wall Street?

Or even directly unite to hunt for other unknown international financial capital? With this in mind, the reaction of the US government and the insipidity of US public opinion are immediately normal.

This is an overall situation. It's the overall situation of the whole wall street!It's normal!

I see!

Wall Street, you are not human, you return our hard-earned money!!!

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