Life at The Top novel Chapter 1856

Jasper nodded, confirming Baz’s

judgment.

Indeed, if Baz could not even see this, all

his time spent beside Jasper would have

been in vain.

“The market opened with 2653 points

today and then fell to 2400 points after

the escape of institutional funds and the

sniping of Wall Street capital.

“But now the rise of the communications

and energy sectors has caused the market

to hover around 2410.

“The competition between the short and

long sides for the 2400 support point is

extremely fierce.”

Baz said as he stared at the market while

frowning. “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 2400

support point in one breath, but I wonder

why they didn’t do it.”

“They are fishing,” Jasper said.

As soon as these words came out, Baz was

shocked.

However, Jasper did not explain much

because the market had already changed a

t this time.

The market which was originally

fluctuating at 2410 points suddenly

plummeted. Not only did it break through

the support level of 2400 points in one

breath, it plunged by 30 points and came t

o near 2370 points.

“It’s the energy sector. There is a problem

in the energy sector!”

Baz shouted as the trading situation of the

energy sector was immediately displayed o

n the screen.

Originally, after the news of the listing of

Somerland Petroleum and PetroSomer

went public, the energy sector became one

of the few rising sectors in the market

fueled by numerous hedge funds after this

major positive stimulus.

sudden accident were Wall Street capitals.

When Soros saw the sharp turn in the

market, he burst out laughing.

“Hahaha! These guys from Somerland

really are the best at fighting amongst

themselves. They have given us a godsent

opportunity!”

After Soros finished laughing, he gave out

his order.

“Sell the energy sector with all your

strength, and don’t forget the financial

sector. I want to see these two sectors fall

by 400 points before the market closes by

Somerland morning.”

Money from Wall Street Capital poured in instantly.

No matter how complicated and smart one’s strategy was, it would all be useless when facing the absolute capital advantage of Wall Street capital at this moment. All that was left was to watch the stock price fall again and again.

The short selling in the stock index market directly reflected the entire stock market trading market. A large number of sell orders densely filled the trading column of the screen. At this moment, there were only sell orders, but no buy orders.

There was only one possible outcome of such a market, and it was the limit down!

The 10% limit down seemed to be a lot, and it was one-tenth of the market value, but it would be reached in just a few breaths under the intensity of this capital attack.

The trading graphs of 80% of the listed company stocks were plummeting. Even the global stock market had never seen such an exaggerated precedent, let alone the young Somerland stock market.

Somerland’s domestic stock market was full of grief, which satisfied Soros.

He gazed at the horror that he had created on the screen and could not help turning his head to smile at Rogers beside him, Old chap, how desperate do you think those guys in Somerland are now?” “