Life at The Top novel Chapter 1771

“JW Foundation’s fund pool temporarily locked all transactions when the lockdown order took effect. Therefore some successful but unsettled orders were carried out in the first minute of opening, and JW suffered an instant loss of 15 billion US Dollars.

“In the fifth minute of the opening, Quantum Fund’s attacks on JW Foundation began increasing by the second and JW Foundation seemed helpless in the face of such a fierce attack. After giving up a lot of positions, the losses began to expand.

“We predict that JW Foundation might want to trade space for time and start a tug of war with Quantum Fund at a price that is more conducive to JW Foundation’s defense.

“However, they did not.”

In Swallow Capital, the atmosphere in the central bank’s highest-level meeting room was silent.

Top leaders and researchers from relevant departments of the central bank were staring at the real-time transaction data and listening to the explanation of the chief financial research expert of the central bank.

“At present, JW Foundation’s fund pool has lost more than 22 billion US Dollars.”

The chief expert had a serious expression and continued, “If losses continue at this rate and JW Foundation does not take any effective countermeasures, the market will lose confidence in JW Foundation.

“At that time, the avalanche of losses will

form, and Quantum Fund will be able to completely liquidate all of JW Foundation’s funds within half a trading day.”

Tony from the SBS Bank was also in the conference room, but due to his rank, he could only sit at the end near the door.

At this moment, he summoned the courage to say, “I noticed that JW Foundation took the initiative to give up some positions, but a certain amount of funds disappeared from this. Can I see

where that amount went?”

The chief expert cast an appreciative look

at him.

After all, even the most experienced professional would lose track of certain information in the dense stream of data, but Tony caught it, which was very remarkable.

“I also noticed the funds. The total amount is 50 billion US Dollars, but the destination is unknown. After all, we can’t access JW Foundation’s backend data. Therefore, until the funds are reinvested, we won’t know where they went and what happened to them.”

At that moment, at the conference table, a man with white hair on his temples spoke slowly, “What impact has the current loss of JW Foundation had on the domestic A share market?”

The chief expert sighed and said, “The stock trading market is currently closed, but futures trading is continuing. From the futures market, it can be seen that the current market confidence is generally sluggish, especially with JW Foundation’s

loss. Large sums of money are being withdrawn from the trading market at this time.

“This means that the market is worried that after the opening of the market tomorrow, JW Foundation’s defeat will lead Quantum Fund to start attacking the domestic A-share market.

“From our current analysis, if JW

Foundation continues to lose money, the -share market may plunge tomorrow.

“The magnitude of the jump is expected t o exceed 300 points.”

As soon as he said this, there was the sound of sharp inhales in the conference room.

One had to know that the current A-share inventory was only at 2,100 points. A drop of 300 points meant that the entire A share market would have fallen by more than one-seventh of its market value.

This was paramount to a stock market

crash.

Furthermore, this kind of situation was

absolutely forbidden in a country that

demanded both political and economic stability.

It would even affect the country’s economic growth this year, which in turn would influence the country’s major policies.

“Mr. Jenkins, do you want to contact Jasper?”

Someone asked in a low voice.