…

today.

The New York Stock Exchange is overcast, the atmosphere is extremely tense, prices are changing so fast, there are not enough telephones, and the prices on the screen simply do not keep up with the actual price changes in the market - one trader said that his screen showed Dow Jones The Industrial Average was down 3.78 points when in reality the number was 508.

A typical day's trading volume is about 100 million shares, but today it is 600 million shares.

About 28 percent of orders, including 92 million limit orders, were not executed due to a lag in computer systems—many investors, especially small and medium investors, didn't know it until two or three days later Their shares were not sold at all.

In addition, affected by changes in stock prices, the US government bond market is also in chaos...

At the moment when the New York Stock Exchange closed, Xu Cun and others in the trading room of the office building of Shi'ao Manor in Xiangjiang were all sweating profusely, even though the trading room was equipped with the best air conditioner in the world!

Among them, Bush, Bill Francis Adams, John F. Kennedy Jr., Howard Roosevelt, John Reed and other Americans are the most!

The market was frozen for a while, and five talents, Bush Jr., Bill Francis Adams, John F. Kennedy Jr., Howard Roosevelt, and John Reed, looked at each other.

In the end, it was the eldest John Reed who picked up the phone in the middle of the trading room and called back to the United States to ask them about the results they were most concerned about.

After the call was connected, John Reed hung up after only a few words.

Later, John Reed looked at everyone and said, "The computer system of the New York Stock Exchange is almost paralyzed, so we will have to wait a while to know the result."

After listening to John Reed's words, everyone looked at the broader market in unison - the "Black Monday" of the New York Stock Exchange is over, but the "Black Monday" of other regional exchanges is still raging.

At the moment, the exchanges in Australia, France, Germany, Sweden, Italy, the Netherlands and other places are all under the black terror of "Black Monday".

The reason why the exchanges in Japan, Hong Kong, Singapore and other places have not yet been shrouded in the black terror of "Black Monday" is not because several places have not been affected, but because the exchanges in Japan, Hong Kong and Singapore are not affected by the time difference. Not open yet.

After watching for a while, the stock prices of the exchanges in Australia, France, Germany, Sweden, Italy, and the Netherlands plummeted. The anxious Bush Jr. and others motioned for John Reed to pick up the phone in the middle of the trading room and call back to the United States. , ask them about the outcomes they care about most.

After listening to the other end of the phone talking for a long time, John Reed hung up the phone with a slightly trembling hand.

After calming down, John Reed said: "Of the 1,600 stocks listed on the New York Stock Exchange, only 52 stocks rose, and the rest fell. Among them, 1,192 stocks fell. The lowest level in 52 weeks, and many representative blue chips are also doomed. Nearly all major companies' stocks plunged about 30%, and General Electric Co. fell 33%. One, Telegraph and Telephone Co. fell 29.5 percent, Coca-Cola fell 36.5 percent, Westinghouse fell 45.8 percent, and Express Co. fell 3 percent. At 18.8, Boeing was down 29.9 percent."

From the second half of the 1950s to the first half of the 1970s, due to the rapid economic development in the United States, the industrial structure also underwent profound changes. Large companies and large enterprises implemented diversified operations across industries, and the production and capital were further concentrated, which accelerated the mixed conglomerates. development of. Each consortium penetrates into each other, and the relationship between them is intricate. I have you, you have me, and the boundaries of the consortium are becoming more and more blurred.

Therefore, major companies such as General Electric Company, Telegraph and Telephone Company, Coca-Cola Company, etc., several major consortiums all hold varying amounts of shares, so John Reed only introduced the stock price fluctuations of these companies.

All the people sitting here are the best of the best. When John Reed said that the representative blue-chip stocks have fallen so much, how can those companies with hidden dangers they choose be any good?

No one spoke, but there was an undisguised ecstasy in everyone's eyes, including Xu Cun!

Because of the influence of computers, news organizations did not report the closing price of the stock market until five and a half hours after the close.

"Everything is out of control!" The New York Times reported.

Investors who have lost a lot of money today can be said to be countless - Sam Walton, the nominally richest man in the world, lost $2.1 billion in stock value in one day, and the nominally youngest billionaire in the world, Bill · Gates lost $3.945 billion ~ lightnovelpub.net ~ Computer king Wang An lost $31 million this afternoon alone. Many millionaires have become poor overnight, and the worst are investors who rely on their hard-earned money accumulated over the years to invest in stocks. Shocked by the slump in stock prices, the psychology of investors has become extremely fragile. Many people who were left in debt as the stock market plunged, suffered complete mental breakdowns and news of suicide. Banks go bankrupt, factories are closed, companies are laying off a large number of employees, and people are panicking!

However--

The tragedy of "Black Monday" is not limited to the United States!

Due to the development of information technology, financial transactions all over the world are closely linked.

Of course, there are many, many, many good advantages to this.

However, the accelerated pace of financial integration has also caused some negative effects - due to the development of global financial integration, when a stock market plummets, other stock markets are not immune.

Today, the opening gong of the Tokyo Stock Exchange is still not over, and the stock price plummets - the Nikkei 225 Index fell 620 points, or 14.9%;

Singapore's Straits Times Index fell 169 points, or 12.4 percent;

Australia's All Ordinary Shares price index fell 80 points, or 3.7 per cent;

The FTSE30 index fell 183.7 points, or 10.1 percent, and the FTSE100 index fell 249.6 points to 2,053.3, with investors losing five billions of pounds.

In addition, the stock markets of Paris, Frankfurt, Stockholm, Milan, Amsterdam, etc. all fell in varying degrees from 6% to 11%, forming shock waves in the stock market around the world.

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