Indeed, if Wei Yan couldn't even see this, then it would have been in vain for him to have been with him for so long.
"The market opened at 2,653 points today and once fell to 2,400 points after the flight of institutional funds and the attacks of Wall Street capital."
"But now the rise of the communications and energy sectors has caused the market to hover around 2410 points."
"The competition between the short and long sides for the 2,400 support point is extremely fierce."
When Wei Yan said this, he stared at the market and frowned and said: "But I always feel that this is just the relative calm before the storm. Wall Street capital definitely has the strength to break through the 2,400-point support point in one go, but they don't know why they didn't do it."
"They are fishing." Li Jin said.
As soon as these words came out, Wei Yan was shocked.
But Li Jin didn't explain any more, because the market situation had already changed at this time.
The market points, which were originally fluctuating at 2410 points, suddenly took a sharp turn. Not only did they break through the support level of 2400 points in one breath, they even plummeted by 30 points in a row, reaching around 2370 points.
"It's the energy sector. There's something wrong with the energy sector!"
Wei Yan shouted, and the trading status of the energy sector was immediately displayed on the screen.
Originally, due to the public announcement of PetroChina and Sinopec's listing, the energy sector became one of the few rising sectors in the market, fueled by numerous risk-averse funds.
But at this time, several leading stocks in the energy sector suddenly announced major negative news.
When the chairman resigns, when senior executives resign en masse, when a business suffers a major loss, they are all published together as if they had been scheduled.
And after each announcement, there is a notice that it will apply for a trading suspension, and there is no silver 300 taels in this place.
Looking at the stock price that went from rising to falling, Wei Yan was so angry that he almost spat out a mouthful of blood.
“What are these companies doing?”
"They're scared."
Li Jin frowned and said: "What is pushing their stock prices up now are almost all safe-haven funds in the market. These funds are not actually buying their stocks, but waiting for PetroChina and Sinopec to go public and ride on the east wind."
"So, these companies simply issued a few negative announcements together, and even staged the resignation of the chairman, which shows that they are really afraid."
"Once Wall Street capital succeeds in fishing, or if PetroChina and Sinopec go public, their stock prices will fluctuate violently."
"Instead of letting others manipulate it at that time, it is better to take advantage of the fact that the initiative of the stock price is still in their own hands, and let it fall first and then look at the situation. This is the best solution to protect one's safety."
Wei Yan gritted his teeth and said: "But this will increase the risk of market collapse."
"Risks are always there, it depends on what Wall Street capital does." Li Jin said.
The 2,400-point support point fell within half an hour of the CSRC’s announcement, which was a huge blow to the domestic stock market.
Market confidence is on the verge of collapse, and this juncture is the opportunity that Wall Street capital longs for!
The sudden self-destruction of several leading listed companies in the energy sector is like a dramatic turn on a stage that was originally staged for a counterattack.
This turning point makes the future direction of China's stock market, which is already unclear, even more confusing.
Faced with this sudden surprise, the biggest surprise was Wall Street capital.
When Soros saw the sharp turn for the worse, he couldn't help laughing.
"Hahaha, these Chinese people are really good at fighting among themselves, and they have given us a God-given opportunity."
After Soros smiled, he immediately issued the order.
"Go all out to short the energy sector, and don't let go of the financial sector. Before the market closes this morning, China time, I want to see these two sectors fall 400 points."
Funds from Wall Street capital poured in instantly.
No matter how complex and brilliant the strategy is, facing the absolute financial advantage at this moment, there are no skills or methods to speak of. All that is left is to watch the stock price fall again and again.
Short-selling in the stock index market directly reflects on the entire stock market trading market. A large number of selling orders densely fill the trading column of the electronic screen, with only selling orders and no buying orders.
There is only one outcome for such a market, it will drop to the limit!
The 10% lower limit seems like a lot, a full tenth of the market value, but under this level of financial attack, it only takes a few breaths to reach it.
The trading charts of 80% of the listed companies' stocks were plummeting. This scene, let alone the still young Chinese stock market, even the global stock market has never seen such an exaggerated precedent.
China's domestic stock market is in turmoil, making Soros very satisfied.
He looked with relief at the tragic situation he had created on the electronic screen. He couldn't help turning his head and smiling at Rogers beside him: "Old man, how desperate do you think those Chinese people will be now?"