News from the Hong Kong Convention and Exhibition Center, like a singularity during the Big Bang, had spread rapidly and spread throughout the world when the press conference was still on.

In every corner of the planet, no matter which time zone, people have received notifications, media began to release urgent news, financial institutions convened temporary meetings, governments of various countries have negotiated countermeasures, and even with the release of the news, countless ordinary publics who have been paying attention to the financial turmoil in Asia that has lasted for months are talking about it. Some financial forums on the Internet have even had a downtime accident because there were so many users suddenly influx.

The first thing to bear is naturally the Hong Kong financial market.

At 2:06 pm on October 29, 1997, the press conference of the Hong Kong Convention and Exhibition Center had just begun. With the rapid news, the Hang Seng Index hit a low of 9355 points in Hong Kong's stock market in four months and began to turn.

The Hang Seng Index trend curve seemed a little hesitant at first. With the live broadcast of the press conference by Internet media platforms and Hong Kong's wireless TV stations and other media, the news was confirmed, and the Hang Seng Index began to rise rapidly with a nearly straight line. By the end of the press conference, the Hang Seng Index had rebounded from the lowest point of 9355 points to 10069 points. In thirty minutes, the Hang Seng Index rose by an astonishing 7.6%.

Immediately, a large number of short capital that was still betting on Hong Kong also reacted and began to organize short selling in a large manner, trying to suppress the continued surge of the Hang Seng Index. Almost at the same time, the capital raised by the Hong Kong Monetary Authority in advance also entered the market directly, and engaged in a close game with the shorts.

During the last two hours of this day, the Hang Seng Index was ups and downs.

At the same time, even if the Hong Kong exchange rate market is not the main battlefield, related games will also unfold, and Hong Kong's bond market and other financial capital fields are in a turbulent situation.

Finally, at 4:10 pm that day, the Hong Kong stock market closed, and the Hang Seng Index finally stood at a high of 10,537 points on the same day. From 9639 points at the opening of the day to 10,537 points at the closing, the increase reached 9.3%, and the overall daily 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 within the last two hours of the afternoon, so it can be seen how fierce the game between long and short capital is.

On the other hand, stimulated by the positive news, the Hong Kong dollar exchange rate against the US dollar also rose by 1.04% throughout the day, from the Hong Kong-linked exchange rate that was 7.83 Hong Kong dollar against 1 US dollar, which was about to be floating lower limit, and directly rose to the upper limit of 7.75 US dollar against 1 US dollar.

The sharp rise in Hong Kong stock market and foreign exchange market has also quickly affected the entire Asia.

Because many bears thought this would be the end of the four-month Asian financial crisis, they began to flee, and in the subsequent trading periods of various countries and regions that day, stocks, bonds, and foreign exchange markets rose across the board.

Except for unlucky South Korea.

Because the opening time of the Korean stock market from 8 am to 2 pm, plus the time difference, news from Hong Kong reached South Korea, which was already 3 pm.

The South Korean stock market has closed for an hour.

Therefore, when the financial situation in Hong Kong was reversing sharply, on Wednesday, the South Korean stock market fell 4.5% again, and the KOSPI index closed at only 327 points. The cumulative decline reached 72% from its peak in 1994, even within a year, the decline exceeded the halving point of 849 points in October last year.

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

On the same day, the Korean won't fall by 5.4% in a single day again, falling from 1781 to 1,877 to 1, compared with the exchange rate ratio of the Korean won to the US dollar about 800 a few months ago, the depreciation rate has exceeded 50%, and there is no sign of stopping the bleeding.

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

Governments around the world, major media, major financial institutions and even the public on online platforms have commented on this black swan-level super financial event.

First of all, it is the Asian side.

The Japanese and South Korean governments, who can be called American brothers, were the first to express their affirmation of the press conference. South Korea's Kim Yong-san government even directly called on Washington, calling on the federal government to take stronger measures to curb international financial speculators' attacks on the economies of Asian countries.

The emotions in Thailand, Malaysia, Indonesia and other countries are a bit complicated.

Because the participants of this press conference, Quantum Fund, have just been rampant in their country's financial markets in the past few months. Now, wolves suddenly stopped eating meat and instead protected the flock. This seems to be a good thing. However, how should they calculate the sheep that have been gnawed all over the body?

So I simply didn't mention it.

The relevant statements only affirmed Hong Kong's courageous and proactive intervention in the market and the Westeros system's measures to maintain the stability of the international financial order.

After the government made a statement, the media from all over Asia basically maintained a consistent tone. That night, a news program with the highest ratings in mainland China gave the press conference a full 12 minutes to report it in detail, and at the same time, it publicly stated a very popular slogan in mainland China in a very euphemism. When friends came, there were good wine, jackals, and hunting rifles.

Of course, there are definitely a lot of noise in one-sided public opinion.

Masashi Suzuki, chairman of Nomura Securities, was a little excited when he was interviewed by Fuji TV that night. He followed the crowd and began to criticize the press conference, accusing Quantum Fund of a sudden turn of a conspiracy. The more he spoke, he became more angry. In the end, he simply contradicted himself and turned into a complete denial. He scolded the three parties at the press conference one by one, believing that the Hong Kong authorities should not destroy the free market rules, believing that Simon Westeros had completely taken the wrong position, and believing that Quantum Fund must have done a big picture, Balabara.

The host of Fuji TV was also sharp. After Suzuki Masashi finished complaining, he asked incisively whether Nomura Securities had bet on a large number of short positions in Hong Kong.

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

This incident quickly became news.

Because Nomura Securities' operating conditions have been very poor over the years and have been making losses for several consecutive years. Now, the Asian financial crisis is still continuing. If Nomura Securities encounters huge losses in Hong Kong, it is likely that it will be completely unable to support it.

Faced with investors' questions, Nomura Securities had to hold a small press conference one hour after the chairman was interviewed by Fuji TV, and once again publicly denied that Nomura had no short positions in Hong Kong.

However, the facts quickly slapped the face. An executive of Nomura Securities who was laid off two months ago disclosed on social networks that he had personally participated in the operation of the Nomura derivatives team in the Hong Kong stock market since the first half of the year, because the Hang Seng Index rose against the market when stock markets in other Asian countries fell in the first half of the year. Nomura, who was bearish on the Hang Seng Index, lost a lot at that time, and it was precisely because of this loss that the company was laid off employees.

Faced with the disclosure of the former executive, Nomura Securities simply pretended to be dead and no longer responded.

Compared with Asia, when the sun begins to shine on Europe, a new day comes. European countries, mainly developed Western European governments, have been one-sided criticism of Hong Kong's press conference, with almost no exception.

French President Jacques Chirac even stated that if necessary, the French government may take certain countermeasures against this incident in Hong Kong that undermines the rules of free markets.

As for the financial giants in Europe, they were even more infuriated.

What's the situation?

There was a guy who had been leading Asia in the past month who suddenly came to them, would we turn around?

The question is where can I have time to turn around?!

The Hong Kong authorities couldn't control it, so they tried to contact Soros of Quantum Fund and a young boss behind the Westeros system to figure out what was going on?

At least give me an explanation.

Did everyone happily harvest Asia during this period, and they were all dreaming?

Why not continue?

Why backfire?!

Why do you have to attack your own people?

Why is this?

This is true for the government and financial institutions, and you can imagine the public opinion trend of mainstream European media.

For the Sun, who is coldly watching the world, there is nothing new on the earth. The sunlight continues to move towards North America as the earth turns.

When the European brothers thought the US government would raise their arms and firmly stifle the unexpected black swan in Hong Kong, the major American print media, which was first published in the morning, almost all the reports on relevant time were not painful, and there was no way to see the anger that the various capital forces represented by these media behind the scenes should have.

Shouldn't you be angry?

Then, that morning, at the White House regular press conference, everyone was looking forward to Clinton, and the White House spokesperson also made some unpalatable clichés, saying that the Hong Kong authorities' methods of interfering in the financial market should be used with caution, and that the attitude of the Westeros system and the quantum fund were only corporate behavior, which was inconvenient to comment, Barabala.

Everyone knows that the United States is receiving a very important state visit recently, but, as usual, should the United States express its toughness from other aspects at this time?

Clinton, what the hell are you?

Of course, no one is a fool. After complaining, many people gradually recovered.

Westeros system, quantum funds, and these are all American capital.

Before the two companies do this, perhaps, it is very likely... they will give a prophecy to other capitals on Wall Street?

Even directly join forces to hunt other uninformed international financial capitals? Thinking of this, the reaction of the US government and the dullness of American public opinion immediately became normal.

This is a situation, it is a hunt for the whole Wall Street!

It's normal!

I understand!
Chapter completed!