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Chapter 8 - Chapter 8: Negative News Strikes!

He noticed this.

The girl's starlit eyes flashed through Su Yi's mind again, and he couldn't help but feel a pang of sadness.

So, he put away the ticket the girl gave him, reminding himself not to forget about it.

After dinner, Su Yi opened his aging laptop, briefly reviewed and browsed market information, then went to bed early.

In his hazy dream, faint strands of beautiful music still drifted in.

It felt much lighter and more cheerful than before.

The next day, he woke up at 8 AM.

After a quick wash-up, Su Yi left directly.

By the time he finished breakfast and arrived at the 'Yinghui Financial' company's trading room, it was already 9:10 AM, with 5 minutes remaining until the market's call auction began.

There were noticeably more clients in the trading room than in the previous two trading days.

Su Yi habitually walked to his usual computer, turned it on, logged into his account, and waited quietly for the market to open.

"Last night, the US stock market in the external market fell sharply, coupled with the Purchasing Managers' Index released by the European market also significantly missing expectations, which may drag down the A-share market in early trading,"

said Mr. Lin, who was sitting next to Su Yi and had already completed all his trading preparations.

He glanced at Su Yi and continued,

"If the market opens significantly lower later, shouldn't your account take profits?"

Su Yi smiled and replied,

"We'll see. If it opens too low, I might take profits."

With that, Su Yi turned his gaze back to the computer's trading interface.

At this moment, both markets had entered the call auction phase.

Based on the presented market trend, indeed, as Mr. Lin predicted, affected by negative news from external markets, the entire market opened lower across the board.

Immediately after, as trading time progressed, the market trend moved lower and lower.

Finally, when 9:25 AM arrived and the market's call auction ended, both the Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index all opened significantly lower.

Among them, the 'CSI 500 Index' that Su Yi shorted.

It suffered a direct heavy blow, opening at 11086.21 points, a drop of 2.17%.

Based on the low opening of the 'CSI 500 Index', the floating profit in Su Yi's account, holding 4 lots of CSI 500 Index futures main contracts, instantly jumped from over 212,000 yuan at yesterday's close to over 408,800 yuan, with new profits reaching over 198,800 yuan.

Seeing the extent of the market's low opening, Su Yi was also slightly surprised.

However, he was not in a hurry to take profits, because he knew that this was not the end of the decline, but the beginning of a crash.

"Damn, what the hell, it opened so much lower."

"Are you kidding me? It's just some negative news from an external market, yet it opened 2 points lower."

"What the heck, we have to cover margin at the opening. Isn't this a bull market? This opening... is incredibly weak!"

At the same time, seeing the market open significantly lower, complaints immediately filled the trading room.

Su Yi looked back and saw that the expressions on the faces of several other clients engaged in leveraged trading were very solemn at this moment.

Of course, Mr. Lin, who was sitting next to him, remained calm.

Facing the new loss of over 1 million yuan that appeared in his account right at the open, he didn't seem too concerned.

Instead, he took a small sip of tea and said,

"This low opening reflects all the negative news from the external market in one go. When all the negative factors are exhausted, it's good news. After the official opening, the index should continue to rise. There's a good chance the market will close in positive territory today."

"The market is at a high, with substantial realized gains. The idea that all negative news means good news shouldn't apply here, right?"

Su Yi interjected casually.

"I think the market will continue to fall."

Mr. Lin chuckled and said,

"Young man, remember, this is a bull market. In a bull market, there are no so-called highs or lows, only trends and expectations. Everyone is currently anticipating the Shanghai Composite Index to challenge 6100 points, so the index won't fall too deeply.

Today, the market will most likely close in positive territory. With extreme leverage in stock index futures, profit and loss fluctuations are enormous. If you don't take profits now, you'll likely end up with nothing."

After speaking, Mr. Lin saw that the market had entered the official continuous auction trading phase.

He stopped chatting with Su Yi.

He put down his teacup, immediately sat up straight, and stared intently at the charts of the individual stocks he held.

After the market officially opened, the bulls launched a swift counterattack, driving the index up rapidly.

In just ten minutes, the Shanghai Composite Index was pulled back to within a 1% decline.

During this period, Su Yi's holdings in the 'CSI 500 Index' futures main contracts.

also made a rapid comeback, narrowing the intraday decline to around 1.4%.

As the decline of the futures main contracts narrowed, the holding profits in Su Yi's trading account also rapidly decreased.

At 9:45 AM, the profit in Su Yi's trading account had decreased from over 400,000 yuan at the opening to over 300,000 yuan.

In 15 minutes, 100,000 yuan in profit had disappeared.

At 9:50 AM, the profit in Su Yi's trading account had sharply decreased to around 270,000 yuan.

At 9:55 AM, the profit in Su Yi's trading account had continued to sharply decrease to around 250,000 yuan.

At this point, looking at Mr. Lin next to him, his holding account had transformed from an initial loss of over 1.3 million yuan to a floating profit of 210,000 yuan.

"Hehe, what did I just say?"

Mr. Lin said with a wide smile, seeing that his holding account had shifted from an intraday loss to a profitable state, and the Shanghai Composite Index's decline had narrowed to within 0.5%, about to turn positive.

"Didn't I say there's a good chance the index would close in positive territory today? Young man, your account... if you don't take profits now, I'm afraid in a little while, even yesterday's profits will be eroded away."

"I'll wait a little longer and see," Su Yi replied with a smile.

Seeing Su Yi remain unmoved, Mr. Lin shook his head lightly and secretly sighed,

"Still young, full of gambling tendencies and greed. Trading against the trend without taking profits, I'm afraid it will be hard to escape the fate of a forced liquidation."

He seemed to be able to foresee the subsequent profit and loss changes and the ultimate outcome of the account Su Yi was managing.

But just as he snapped out of his contemplation, confidently believing that the Shanghai Composite Index would surely turn positive, and that today's market would open low, then rise, fully recovering its losses.

10:02 AM.

Everyone in the trading room was almost starting to anticipate the moment the index would turn positive and their accounts would make significant profits.

Several major hot core stocks and popular leading stocks in the market suddenly plummeted under the impact of surging selling pressure, dragging down a host of other stocks and major indices across the board.

In particular, the 'East Money' stock held in Mr. Lin's account plummeted by as much as 5 percentage points.

Mr. Lin watched the intraday profit and loss data of his stock account, which instantly changed from a profitable state to a loss of nearly 2 million yuan.

He was completely stunned, somewhat bewildered, saying,

"How could this happen? What happened..."

(End of chapter)

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