On September 11, 1946, the Hong Kong stock market reopened after the war
But the stock market is very small at this time
By 1948, the Hong Kong stock market had an annual turnover of only 15.9 billion yuan.
Even by 1968, there were only 59 listed companies in Hong Kong
The starting point of the Hong Kong Hang Seng Index compiled by Hang Seng Company is set as July 31, 1964, with a benchmark point of 100 points.
But in the following years, the stock market has been performing poorly
In 1965, the average Hang Seng Index was 8657 points; in 1966 it was 8217 points; in 1967, the average Hang Seng Index was 6918 points.
At the beginning of 1968, the starting point of the Hong Kong stock market was 6692 points
This is the starting point of the post-war restructuring period of Hong Kong stock market
This year, the trading volume of Hong Kong stock market reached 9.4 billion, approaching 1 billion for the first time in history
Since then, the stock market trading volume has never been lower than 1 billion yuan again
At the end of 1968, the Hang Seng Index closed at 10,755 points, an increase of 60% that year, thus opening the prelude to the forty-year bull market.
Therefore, 1968 is also known as the first year of the new era of Hong Kong stock market
The first bull market that began from this ended, continued to the highest point of 177496 points on March 9, 1973. This five-year bull market actually rose 25 times!
Rises fast, falling sharply
One month later, on April 9, 1973, the stock market fell below 1,000 points.
What's even more terrifying is that the decline has just begun
By December 10, 1974, the lowest point of the stock market reached 15,011 points, compared with the high more than a year ago, the extreme drop reached 915%.
The low in 1974 is soon
In 1975, the Hong Kong stock market closed at 350 points, and on July 17, 1981, the highest was 18,102 points.
The increase in 7 years is only 12 times, obviously it has begun to get tired
Affected by the Sino-British and Hong Kong negotiations at that time, investors lacked confidence. On December 2, 1982, the stock market fell to a low of 637 points.
Although the decline is still relatively large, the decline is only 63% relative to the highest point.
As Hong Kong's future becomes increasingly brighter, the stock market quickly regained its strength, reaching a high of 3949 points on October 1, 1987. Subsequently, under the influence of the plunge in New York stock market, Hong Kong stocks fell rapidly, reaching 1894 points on December 7.
This time, a 50% drop in just two months, became the last plunge in Hong Kong's stock market history.
Compared with the previous five-year increase of 25 times, this bull market has increased from 150 points to 3949 points, but it took 13 years.
It is gratifying that the previous adjustment lasted only 20 months, but the decline reached 90%.
This adjustment, only 52% in two months
More importantly, this adjustment completed the historic growth process
Hong Kong stock market has since entered youth
With the deepening of reform and opening up in mainland China, the bull market in Hong Kong stock market is becoming increasingly strong
It reached a high of 3209 points in February 1989
Due to the unstable domestic situation, Hong Kong stocks were lingering around 3,000 points, and in June 1989, a huge drop of 217% per day occurred.
At least 2093 points
But at this time, the Hong Kong stock market had matured, and the market hit a new high of 3559 points in July 1990
Li Yun remembers that starting from 2918 points on August 24, 1990, the Hong Kong Hang Seng Index began to rise all the way. The stock market also mainly rose for more than ten days since August.
However, the closing price last week was 3500 points, which means that in the remaining two weeks, the Hang Seng Index will fall and will fall 2918 points on the last trading day next week and then rise strongly
Since I know the general trend, I will set my target on short selling in the past two weeks. By the morning of August 24, I believe that the profit of nearly 600 points will make my funds turn over a few times.
The stock market has risks, and the futures market risks are hundreds of times that of the stock market. After all, if you buy stocks, as long as the company it belongs to does not go bankrupt, there will always be a possibility of recovering costs. At worst, it will not make money and keep it in your hands. However, the stock index is different. Each contract has a time limit. It will be closed when expiration. And under the margin system, its gambling nature is more strong.
Li Yun and Zhao Yaru sat in a very small room and said that it was small because it was at most ten square meters inside, with only one monitor, one operating table, two sofas, a refrigerator, and a table.
Generally, this is for those who have a little money. After all, there are billions of transactions in the futures market, and there are too many people like Li Yun, who are less than tens of millions, which is better than those retail investors in the hall.
The waiter took them to the room and left on his own. Seeing the simple facilities in the room, Li Yun could only shrugged helplessly and smiled bitterly. There was no way that he could use too little funds now.
Yaru, please feel wronged inside, let's change another big one in a few days
I don’t know when it started, but Zhao Yaru got used to Li Yun’s familiarity. Seeing the bitter smile on his lips, a smile appeared in his eyes, but he said: Just blow it! I see you will enter the hall in two days.
Yaru, how can you not believe me? Are I so unbearable in your eyes?
Li Yun stared at Zhao Yaru with grievance with grievance
OK, can I be wrong? The little girl apologizes to you. Let's go in quickly, the market is about to open
Zhao Yaru is not good at joking. When he saw Li Yun's appearance, he didn't know that he was pretending on purpose, made a face at Li Yun, and ran into the room.
Seeing the beauty so lively now, she obviously regarded herself as a real friend. Li Yun thought to herself that she was one step closer to her goal, and continued to work hard, clenched her fists to cheer herself up, and then sat on another sofa next to the beauty.
9:30 am to 9:45 am is the input trading period; 9:45 am to 9:50 am is the pre-market period; 9:50 am to 9:58 am is the counter-market period; 9:50 am to 9:58 am is the suspension period;
In the trading period, only bidding orders and bidding limit orders are accepted; the trading orders will accumulate and be continuously updated in the trading system, and can be modified or cancelled during the period.
For pre-market periods, only bidding orders are accepted, and the orders entered into the system shall not be modified or cancelled.
It can be said that the time when the index is officially displayed on the monitor is at 10 am, but some people who are confident or want to take risks will trade from 9:30 am to 9:45 am, and changes before 10:00 will also affect the subsequent trend.
Finally, it was 10 a.m., and the transaction amount appeared on the monitor. Unexpectedly, during the beginning, the Hang Seng Index actually inherited the trend of last week, and the rise was still very strong.
3508……
3526……
3565……
3539, at 10:30 am, there was a slight fluctuation, and then it continued to rise, 3560...
3592……
3602, it quickly rushed to 3602 points, and it was fast. At 11 o'clock, the upward trend was still very strong. The contract was consumed a lot, and the long momentum was very strong, as if there was a strong force entering. No matter how many short orders appeared on the market, they were swept away.
Seeing the actual combat scene so strange, Li Yun couldn't help but start to ponder, what's going on? Is it wrong that his memory in his previous life?
Zhao Yaru felt that this was very similar to what he inferred, and the Hang Seng Index would continue to rise strongly, so she was very excited to stare at Li Yun and kept reminding him to enter the market to operate.
Li Yun was not confused by the superficial phenomena. He understood the key after thinking about it carefully. There must be large funds behind the operation. The large-scale transactions in the market are also the illusion of covering up their positions. Through these illusions, more retail investors can follow up, and then they can slowly close their positions and earn the difference.
Seeing this, Li Yun was not in a hurry to enter the market to operate. Although he knew the general trend in the next ten days, it was still easy to control the index to rise or fall by several hundred points in the short term under the operation of these large funds. If he couldn't grasp the time to enter the market well, it would be miserable.
In the following time, the Hang Seng Index was still slowly pulling up, and more and more long orders appeared, but the excited people did not notice that the number of long orders with very small hands continued to appear from retail investors, and the number of them gathered was enough to thousands of hands, but it did not soar, but it still rose slowly.
Retail investors who still have some spare money can't sit still. What they see is that the index is rising and keeps rising. Although it will stop occasionally, the upward momentum is very strong, so all the funds on hand have started to go long.
One hand is not scary, ten hand is not scary, but the energy gathered by hundreds of retail investors is scary. Now the index has risen to 3650 points, and the other hand represents 3650*50182500 Hong Kong dollars. Even a margin of 1:10 is nearly 20,000 Hong Kong dollars.
Although retail investors can only buy one or two hands per person, their number is too large.
So thousands of pay orders began to appear on the screen, and the index began to rise sharply, but not many people saw that when the index rose, some people started to ship quickly. Hundreds of hands and hundreds of hands eroded the long orders on the screen. Now the index has risen to 3695 points, and it is about to reach 3700 points. There is obvious resistance in the market, and the rise speed has begun to slow down.
3700,3700,3700,
Many investors in the hall were shouting, staring at the big red screen, watching the index rise little by little, the market was almost closed in the morning, at 12:20, the big screen showed that it had reached 3698 o'clock, and it was 3700 at two o'clock, but these two o'clock will no longer appear within a month.
When Li Yun saw that the number of rising is getting slower and slower, he knew that the rise has reached its peak. Those large funds have already started to collect chips. I'm afraid 3700 is a critical point, so it is no longer due to
To Zhao Yaru, who was sitting in front of the screen, immediately enter the market, divide the funds in his hands into two transactions, and start shorting, one transaction is 3698 points and the other transaction is 3695 points.
Why?
After all, Zhao Yaru has no practical experience. The knowledge she said she knew is still in the theoretical period, and she looked at Li Yun with doubts and confusion.
Operation quickly, it's too late
Seeing Zhao Yaru's puzzled eyes, Li Yun had no choice but to go to the operating table and enter the price.
The monitor immediately showed two short orders of 26 lots, of course, the transaction was soon completed among hundreds of long orders. Li Yun saw the prompt showing the successful transaction and breathed a deep breath.
Why short selling? It will soon break through 3700? Didn’t you also say that the Hong Kong index is in an upward period? Isn’t this looking for losses?
Zhao Yaru pouted and looked at Li Yun with dissatisfaction
Haha, don't be angry, the beauty will not look good when she gets angry, don't worry, you will see why I did this soon
Li Yun did not rush to explain, but pointed to the screen and asked her to look at it carefully.
Mr. Zhang, there are small shares of funds entering short selling. Should we release the goods now? Or should we raise the price a little more?
How many orders?
Two strokes, a total of 52 lots
It should be nothing? Eat it and see what the situation is
Yes, 52 lots bought
No one follows the deal
OK, but it’s getting late, so you can place an order and give them a surprise!
Yes, just two minutes before the closing of the market on the morning of August 13, the Hang Seng Index had climbed to 3699 points and was about to break through 3700 points. However, at this time, two consecutive short orders, the first 1,000 lots, made the index stop climbing immediately and began to fall slowly. Perhaps there are other funds to join in. This short order was slowly digested, but the subsequent short order of 3000 lots completely stunned the investors. The index finally showed 3680 points at 12:30, which quickly fell by more than ten points.
Seeing this situation, Zhao Yaru's eyes were full of incredible, and it was a complete reversal of form. How could this happen?
It was obviously so strong that it was just rising, so why would anyone short it now?
Looking at Li Yun staring at her smiling beside her, she wondered if the man opposite had any agreement with him, otherwise how could he choose such a suitable time to enter?
You should know that he bought 52 lots of contract worth tens of millions at a price of two points lower than the highest price. At this price, he sold it as soon as the market opened in the afternoon and could make a net profit of thousands of Hong Kong dollars. He is simply a monster, how did he know that there would be a big reversal in the end?
In fact, she wrongly accused Li Yun. After all, she has experience in the 21st century and is a little familiar with the operating methods of some large funds. She has also seen online masters' simulation wars and is still familiar with some basic methods in the market. In addition, Li Yun knew that within ten days, the stock index would drop to around 2,900 points. When he saw the slow rise in the future, he finally guessed the purpose of the large fund.
Seeing the beauty frowning slightly and staring at herself with her eyes as if she was staring at a monster, Li Yun felt a little scared. Although the beauty was very beautiful, staring at herself like this, even with his thicker skin than the city wall, he turned a little red.
Hello, Xiao Ruru, wake up, I'm not polite if I don't wake up. Li Yun shook his hands in front of Zhao Yaru's trance eyes. Seeing that she had no reaction, she smiled evilly, stared at the beautiful woman's plump breasts, her hands were claw-shaped, and she kept moving, trying to grab the beautiful woman's soft breasts.
Hehehehe! So soft!
Li Yun smiled evilly and wanted to do it again
Pervert, hooligan, I will kill you. Li Yun's hand just touched Zhao Yaru's chest, and she immediately woke up. She felt the temperature coming from her chest, and immediately started an attack on Li Yun like an angry lioness.
But the stock market is very small at this time
By 1948, the Hong Kong stock market had an annual turnover of only 15.9 billion yuan.
Even by 1968, there were only 59 listed companies in Hong Kong
The starting point of the Hong Kong Hang Seng Index compiled by Hang Seng Company is set as July 31, 1964, with a benchmark point of 100 points.
But in the following years, the stock market has been performing poorly
In 1965, the average Hang Seng Index was 8657 points; in 1966 it was 8217 points; in 1967, the average Hang Seng Index was 6918 points.
At the beginning of 1968, the starting point of the Hong Kong stock market was 6692 points
This is the starting point of the post-war restructuring period of Hong Kong stock market
This year, the trading volume of Hong Kong stock market reached 9.4 billion, approaching 1 billion for the first time in history
Since then, the stock market trading volume has never been lower than 1 billion yuan again
At the end of 1968, the Hang Seng Index closed at 10,755 points, an increase of 60% that year, thus opening the prelude to the forty-year bull market.
Therefore, 1968 is also known as the first year of the new era of Hong Kong stock market
The first bull market that began from this ended, continued to the highest point of 177496 points on March 9, 1973. This five-year bull market actually rose 25 times!
Rises fast, falling sharply
One month later, on April 9, 1973, the stock market fell below 1,000 points.
What's even more terrifying is that the decline has just begun
By December 10, 1974, the lowest point of the stock market reached 15,011 points, compared with the high more than a year ago, the extreme drop reached 915%.
The low in 1974 is soon
In 1975, the Hong Kong stock market closed at 350 points, and on July 17, 1981, the highest was 18,102 points.
The increase in 7 years is only 12 times, obviously it has begun to get tired
Affected by the Sino-British and Hong Kong negotiations at that time, investors lacked confidence. On December 2, 1982, the stock market fell to a low of 637 points.
Although the decline is still relatively large, the decline is only 63% relative to the highest point.
As Hong Kong's future becomes increasingly brighter, the stock market quickly regained its strength, reaching a high of 3949 points on October 1, 1987. Subsequently, under the influence of the plunge in New York stock market, Hong Kong stocks fell rapidly, reaching 1894 points on December 7.
This time, a 50% drop in just two months, became the last plunge in Hong Kong's stock market history.
Compared with the previous five-year increase of 25 times, this bull market has increased from 150 points to 3949 points, but it took 13 years.
It is gratifying that the previous adjustment lasted only 20 months, but the decline reached 90%.
This adjustment, only 52% in two months
More importantly, this adjustment completed the historic growth process
Hong Kong stock market has since entered youth
With the deepening of reform and opening up in mainland China, the bull market in Hong Kong stock market is becoming increasingly strong
It reached a high of 3209 points in February 1989
Due to the unstable domestic situation, Hong Kong stocks were lingering around 3,000 points, and in June 1989, a huge drop of 217% per day occurred.
At least 2093 points
But at this time, the Hong Kong stock market had matured, and the market hit a new high of 3559 points in July 1990
Li Yun remembers that starting from 2918 points on August 24, 1990, the Hong Kong Hang Seng Index began to rise all the way. The stock market also mainly rose for more than ten days since August.
However, the closing price last week was 3500 points, which means that in the remaining two weeks, the Hang Seng Index will fall and will fall 2918 points on the last trading day next week and then rise strongly
Since I know the general trend, I will set my target on short selling in the past two weeks. By the morning of August 24, I believe that the profit of nearly 600 points will make my funds turn over a few times.
The stock market has risks, and the futures market risks are hundreds of times that of the stock market. After all, if you buy stocks, as long as the company it belongs to does not go bankrupt, there will always be a possibility of recovering costs. At worst, it will not make money and keep it in your hands. However, the stock index is different. Each contract has a time limit. It will be closed when expiration. And under the margin system, its gambling nature is more strong.
Li Yun and Zhao Yaru sat in a very small room and said that it was small because it was at most ten square meters inside, with only one monitor, one operating table, two sofas, a refrigerator, and a table.
Generally, this is for those who have a little money. After all, there are billions of transactions in the futures market, and there are too many people like Li Yun, who are less than tens of millions, which is better than those retail investors in the hall.
The waiter took them to the room and left on his own. Seeing the simple facilities in the room, Li Yun could only shrugged helplessly and smiled bitterly. There was no way that he could use too little funds now.
Yaru, please feel wronged inside, let's change another big one in a few days
I don’t know when it started, but Zhao Yaru got used to Li Yun’s familiarity. Seeing the bitter smile on his lips, a smile appeared in his eyes, but he said: Just blow it! I see you will enter the hall in two days.
Yaru, how can you not believe me? Are I so unbearable in your eyes?
Li Yun stared at Zhao Yaru with grievance with grievance
OK, can I be wrong? The little girl apologizes to you. Let's go in quickly, the market is about to open
Zhao Yaru is not good at joking. When he saw Li Yun's appearance, he didn't know that he was pretending on purpose, made a face at Li Yun, and ran into the room.
Seeing the beauty so lively now, she obviously regarded herself as a real friend. Li Yun thought to herself that she was one step closer to her goal, and continued to work hard, clenched her fists to cheer herself up, and then sat on another sofa next to the beauty.
9:30 am to 9:45 am is the input trading period; 9:45 am to 9:50 am is the pre-market period; 9:50 am to 9:58 am is the counter-market period; 9:50 am to 9:58 am is the suspension period;
In the trading period, only bidding orders and bidding limit orders are accepted; the trading orders will accumulate and be continuously updated in the trading system, and can be modified or cancelled during the period.
For pre-market periods, only bidding orders are accepted, and the orders entered into the system shall not be modified or cancelled.
It can be said that the time when the index is officially displayed on the monitor is at 10 am, but some people who are confident or want to take risks will trade from 9:30 am to 9:45 am, and changes before 10:00 will also affect the subsequent trend.
Finally, it was 10 a.m., and the transaction amount appeared on the monitor. Unexpectedly, during the beginning, the Hang Seng Index actually inherited the trend of last week, and the rise was still very strong.
3508……
3526……
3565……
3539, at 10:30 am, there was a slight fluctuation, and then it continued to rise, 3560...
3592……
3602, it quickly rushed to 3602 points, and it was fast. At 11 o'clock, the upward trend was still very strong. The contract was consumed a lot, and the long momentum was very strong, as if there was a strong force entering. No matter how many short orders appeared on the market, they were swept away.
Seeing the actual combat scene so strange, Li Yun couldn't help but start to ponder, what's going on? Is it wrong that his memory in his previous life?
Zhao Yaru felt that this was very similar to what he inferred, and the Hang Seng Index would continue to rise strongly, so she was very excited to stare at Li Yun and kept reminding him to enter the market to operate.
Li Yun was not confused by the superficial phenomena. He understood the key after thinking about it carefully. There must be large funds behind the operation. The large-scale transactions in the market are also the illusion of covering up their positions. Through these illusions, more retail investors can follow up, and then they can slowly close their positions and earn the difference.
Seeing this, Li Yun was not in a hurry to enter the market to operate. Although he knew the general trend in the next ten days, it was still easy to control the index to rise or fall by several hundred points in the short term under the operation of these large funds. If he couldn't grasp the time to enter the market well, it would be miserable.
In the following time, the Hang Seng Index was still slowly pulling up, and more and more long orders appeared, but the excited people did not notice that the number of long orders with very small hands continued to appear from retail investors, and the number of them gathered was enough to thousands of hands, but it did not soar, but it still rose slowly.
Retail investors who still have some spare money can't sit still. What they see is that the index is rising and keeps rising. Although it will stop occasionally, the upward momentum is very strong, so all the funds on hand have started to go long.
One hand is not scary, ten hand is not scary, but the energy gathered by hundreds of retail investors is scary. Now the index has risen to 3650 points, and the other hand represents 3650*50182500 Hong Kong dollars. Even a margin of 1:10 is nearly 20,000 Hong Kong dollars.
Although retail investors can only buy one or two hands per person, their number is too large.
So thousands of pay orders began to appear on the screen, and the index began to rise sharply, but not many people saw that when the index rose, some people started to ship quickly. Hundreds of hands and hundreds of hands eroded the long orders on the screen. Now the index has risen to 3695 points, and it is about to reach 3700 points. There is obvious resistance in the market, and the rise speed has begun to slow down.
3700,3700,3700,
Many investors in the hall were shouting, staring at the big red screen, watching the index rise little by little, the market was almost closed in the morning, at 12:20, the big screen showed that it had reached 3698 o'clock, and it was 3700 at two o'clock, but these two o'clock will no longer appear within a month.
When Li Yun saw that the number of rising is getting slower and slower, he knew that the rise has reached its peak. Those large funds have already started to collect chips. I'm afraid 3700 is a critical point, so it is no longer due to
To Zhao Yaru, who was sitting in front of the screen, immediately enter the market, divide the funds in his hands into two transactions, and start shorting, one transaction is 3698 points and the other transaction is 3695 points.
Why?
After all, Zhao Yaru has no practical experience. The knowledge she said she knew is still in the theoretical period, and she looked at Li Yun with doubts and confusion.
Operation quickly, it's too late
Seeing Zhao Yaru's puzzled eyes, Li Yun had no choice but to go to the operating table and enter the price.
The monitor immediately showed two short orders of 26 lots, of course, the transaction was soon completed among hundreds of long orders. Li Yun saw the prompt showing the successful transaction and breathed a deep breath.
Why short selling? It will soon break through 3700? Didn’t you also say that the Hong Kong index is in an upward period? Isn’t this looking for losses?
Zhao Yaru pouted and looked at Li Yun with dissatisfaction
Haha, don't be angry, the beauty will not look good when she gets angry, don't worry, you will see why I did this soon
Li Yun did not rush to explain, but pointed to the screen and asked her to look at it carefully.
Mr. Zhang, there are small shares of funds entering short selling. Should we release the goods now? Or should we raise the price a little more?
How many orders?
Two strokes, a total of 52 lots
It should be nothing? Eat it and see what the situation is
Yes, 52 lots bought
No one follows the deal
OK, but it’s getting late, so you can place an order and give them a surprise!
Yes, just two minutes before the closing of the market on the morning of August 13, the Hang Seng Index had climbed to 3699 points and was about to break through 3700 points. However, at this time, two consecutive short orders, the first 1,000 lots, made the index stop climbing immediately and began to fall slowly. Perhaps there are other funds to join in. This short order was slowly digested, but the subsequent short order of 3000 lots completely stunned the investors. The index finally showed 3680 points at 12:30, which quickly fell by more than ten points.
Seeing this situation, Zhao Yaru's eyes were full of incredible, and it was a complete reversal of form. How could this happen?
It was obviously so strong that it was just rising, so why would anyone short it now?
Looking at Li Yun staring at her smiling beside her, she wondered if the man opposite had any agreement with him, otherwise how could he choose such a suitable time to enter?
You should know that he bought 52 lots of contract worth tens of millions at a price of two points lower than the highest price. At this price, he sold it as soon as the market opened in the afternoon and could make a net profit of thousands of Hong Kong dollars. He is simply a monster, how did he know that there would be a big reversal in the end?
In fact, she wrongly accused Li Yun. After all, she has experience in the 21st century and is a little familiar with the operating methods of some large funds. She has also seen online masters' simulation wars and is still familiar with some basic methods in the market. In addition, Li Yun knew that within ten days, the stock index would drop to around 2,900 points. When he saw the slow rise in the future, he finally guessed the purpose of the large fund.
Seeing the beauty frowning slightly and staring at herself with her eyes as if she was staring at a monster, Li Yun felt a little scared. Although the beauty was very beautiful, staring at herself like this, even with his thicker skin than the city wall, he turned a little red.
Hello, Xiao Ruru, wake up, I'm not polite if I don't wake up. Li Yun shook his hands in front of Zhao Yaru's trance eyes. Seeing that she had no reaction, she smiled evilly, stared at the beautiful woman's plump breasts, her hands were claw-shaped, and she kept moving, trying to grab the beautiful woman's soft breasts.
Hehehehe! So soft!
Li Yun smiled evilly and wanted to do it again
Pervert, hooligan, I will kill you. Li Yun's hand just touched Zhao Yaru's chest, and she immediately woke up. She felt the temperature coming from her chest, and immediately started an attack on Li Yun like an angry lioness.
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