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Chapter 17 Black Monday(2/2)

"Hong Kong has indeed stood firm, but the Hong Kong market is still too small. Next, our main focus will be on the mainland."

Liu Sen was completely convinced by Qin Hao: "Whatever you say, I will fully cooperate."

"Brother Sen, you'd better discuss it with your family. The scale of the mainland investment this time is not small. It requires 150 million Hong Kong dollars. Even if the investment ratio is 35%, it will cost more than 50 million."

What was the concept of 50 million in 1987? The average house price in Hong Kong at that time was 6,000 yuan per square foot. Based on a house of 80 square feet, 50 million could buy 104 "luxury homes".

"Okay, I will do my best to convince them." Liu Sen said solemnly.

Qin Hao never puts his hopes entirely on others. By the end of August, the operation of the "Hema" Wanchai store was on track, so he gradually stepped away and focused his main energy on the stock market.

Since last year, the Hong Kong stock market has been showing a "booming" scene. At the beginning of 1986, the Hang Seng Index was less than 1,000 points. Just a year and a half later, the Hang Seng Index had climbed to 3,900 points, and it broke through the 4,000 point mark.

It’s also just around the corner.

This year, countless Hong Kong investors have made a lot of money in the stock market. Many people who have never traded in the stock market before saw their colleagues and neighbors making money. Even some seniors and teachers who have retired at home can’t bear to eat.

Wear them and invest all the money you save in the stock market.

Blooming flowers and burning oil are undoubtedly a reflection of the current Hong Kong stock market.

However, on September 1, Qin Hao liquidated all the stocks he held and sold them.

Although stockbroker Wang Wei was extremely puzzled by this, he could only act according to Qin Hao's instructions.

Soon, all the stocks returned to zero, and Qin Hao's stock account also quietly had 23 million Hong Kong dollars, which was his profit from stock trading for half a year.

Next, Qin Hao applied for triple leverage from the brokerage and used all the HKD 23 million in his account to buy Hang Seng Index options.

Stock broker Wang Wei was shocked by Qin Hao's operation. On the one hand, Qin Hao's winning record made him dare not doubt the other party's decision. On the other hand, he really couldn't believe how the booming Hong Kong stock market could

fall?

What frightened him even more was that judging from Qin Hao's operations in the past year, he made at least twice the profit every time he made a move, and this time he also added three times the leverage.

If Qin Hao really made the right bet, wouldn't it mean that the Hong Kong stock market would not only fall, but also have a big crash?

In this torture, Wang Wei almost lived like a year. Although the overall trend of the Hong Kong stock market was still rising every day, and the occasional shock was quickly pulled up, his heart was always hanging in the air.

Fortunately, one month later, the Hong Kong stock market is still strong. Although the momentum is not as strong as in the first half of the year, it is still rising steadily. If he closed his position at this time, Qin Hao would lose at least tens of millions.

Even in mid-October, the Hong Kong stock market still showed no downward trend. Instead, it was trying to hit the 4,000-point mark again and again. The entire Hong Kong society was looking forward to this moment. In the past two months, the hottest topic in Hong Kong was,

Not celebrity gossip, but the stock market.

However, all this came to an abrupt end on October 19th.

After a pleasant weekend, U.S. stock investors originally expected the stock market to continue to gain wealth for themselves, but what they received was a blow to the head.

"Black Monday" is here!

At the same time, the Hong Kong stock market was severely impacted immediately after it opened at 10 o'clock on time. In just one hour, the Hang Seng Index fell by 120 points.

The market closed down a total of 420.81 points throughout the day.
Chapter completed!
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