Seeing the 'thousand stocks' limit down reappear in the two markets.
Seeing the ChiNext Index and CSI 500 Index fall by over 6%.
Seeing the 'CSI 500 Index Futures main contract', which preemptively reflects the stock index trend, being crushed to the limit down by massive short selling orders.
Seeing countless familiar blue-chip stocks all lying on the floor, completely lacking liquidity.
Inside the entire VIP trading room, all major investors with heavily held stocks had grim expressions, their last shred of bull market belief and hope for a rebound completely shattered.
Even two or three of them.
Facing margin accounts nearing forced liquidation.
Their hands, continuously placing sell orders at the limit down, were already trembling slightly.
If yesterday's market sell-off at the close could still be explained as the index's second bottoming out, leaving a last glimmer of hope for long-term investors with heavily held stocks.
Then, today's thousand-stock limit-down trend, even with positive news.
Completely declared the death of the bull market.
Thoroughly crushed the last shred of confidence in holding stocks for all heavily invested investors.
"Alas… it's over!"
At this moment, a major investor who had no more money to top up his margin, gazed at his fully-loaded, limit-down margin account, which had already hit the liquidation line but couldn't be liquidated, his face filled with defeat, he sat helplessly on the chair, let out a long sigh, and said bitterly,
"The bull market, it's truly nothing but a joke."
"The Shanghai Composite Index has effectively fallen below 4000 points, the market is over, the bull market is over!"
"My goodness, in the past half month, I've topped up my margin three times, how many times have thousands of stocks hit the limit down, why is it still falling like this?"
"What exactly went wrong? Why are there so many sell-offs?"
Amidst everyone's desperate yet puzzled complaints…
In the last hour of trading, the market's plunge continued, and investors' panic and despair still spread rapidly.
Finally, when 3 PM arrived and the two markets closed.
The Shanghai Composite Index closed at a 4.22% drop, while the 'CSI 500 Index' plummeted by 7.02%. Over 1300 stocks in the two markets hit the limit down, with both the CSI 300 Index Futures main contract and the CSI 500 Index Futures main contract closing at their limit down.
Furthermore, the net short positions for the three major stock index futures main contracts also reached a new high.
Facing such closing results in the two markets…
The vast community of stock-holding investors was desperate and collapsing.
However, Su, Lin, and Deng, who were heavily shorting the 'CSI 500 Index Futures main contract', were very satisfied with this closing result at this moment.
Thanks to the limit-down performance of the 'CSI 500 Index Futures main contract'.
Su Yi's total holding of 150 short contracts saw a new high in intraday profit, reaching over 23 million, and his total account assets surpassed 54 million.
A single-day profit of over 23 million.
This rapid, aggressive earning speed made Su Yi feel somewhat surreal for a moment.
As for Deng and Lin.
After both of them switched from long to short, although their short selling of stock index futures contracts wasn't as aggressive as Su Yi's, they also made several million in profit in a single day.
"Haha, shorting is still more exhilarating!"
Lin Minghui looked at the over 3.8 million in new profits in his stock index futures account, and his stock account, which had successfully reduced its position size to below 20 million, feeling exceptionally pleased.
"Indeed… no matter what you do, you cannot go against the trend."
"That's right,"
Director Deng said.
"Unfortunately, correctly judging the trend itself isn't that easy."
Lin Minghui nodded and replied,
"That's true, otherwise so many people wouldn't lose money in this market. But we have Brother Su, so everything is not a problem. I understand now, no matter how the market trend goes or how the market evolves, as long as we trade with Brother Su, it's always right."
"Exactly!"
Director Deng chuckled, then immediately turned his gaze to Su Yi and said,
"Brother Su, I'm hosting tonight, how about you grace us with your presence?"
Although Su Yi had never explicitly told them to reduce their stock holdings and short stock index futures.
Director Deng knew in his heart.
He and Lin Minghui were able to change their minds so quickly, from long to short, thinking of cutting losses on stocks quickly and recouping previous stock losses through stock index futures.
All of this was influenced by Su Yi.
Without Su Yi's influence.
At this moment, they would probably still be heavily invested in stocks, hoping for a market rebound and the return of a bull market.
"Okay!"
Su Yi nodded slightly.
Last time Lin Minghui invited him, he went.
If Director Deng invited him this time and he didn't go, wouldn't that be showing favoritism and needlessly offending someone?
Moreover, Director Deng was in the shipping and foreign trade business.
This connection might be useful for him if he starts his own business in the future.
Seeing Su Yi agree, Director Deng naturally began calling his secretary to arrange the evening's activities.
After that, the three of them stayed briefly at the brokerage branch before leaving.
In the evening, Su Yi met a few more friends called by Director Deng.
However, this time, he tried his best to restrain himself and did not drink as much as he did the night before last.
At midnight, the gathering concluded.
Su Yi returned to his residential community, escorted by Director Deng's secretary driving him.
Unexpectedly, it was so late, yet he ran into his next-door neighbor in the elevator.
The neighbor also seemed to have had a lot to drink, with clear fatigue showing on his face.
"Networking until so late?"
Su Yi greeted him with a smile.
"The company recently has a development project, and it's at a critical stage,"
Chu Wan's father replied.
"So there have been more social engagements than usual. And you… why are you also leaving work so late?"
Su Yi said,
"I met up with some friends for a while, so it's a bit late."
"You young people still have so much energy,"
Chu's father chuckled.
As the two spoke, the elevator arrived.
Chu's father exited the elevator and stood in front of his apartment door beside the elevator corridor.
He pulled out his key to open the door but tried several times without being able to insert the key into the keyhole.
"Are you… alright?"
Su Yi sensed his unease and asked.
Chu's father turned around and saw Su Yi, who had stopped behind him.
On his tired face, he tried to force a smile and said,
"I'm fine, I just might have had a bit too much to drink. A good night's sleep, and I'll be sober."
After speaking, he controlled his slightly trembling hand and opened the door.
Seeing him say this, Su Yi didn't think much of it, nodded slightly, and returned to his own home.
After returning home, Su Yi simply washed up and went to sleep.
The next day, July 3rd, Friday.
When he returned to the Huaxin Securities Financial Street Fuxing Road branch's VIP trading room, the market had officially started trading.
With no significant positive stimulus last night, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all opened lower and continued to fall.
By the time he arrived, they had already dropped to a 4% decline.
And the 'CSI 500 Index Futures main contract' he held had already fallen by 6%.
This directly added over 13.5 million in profit to his stock index futures account, which held 150 short contracts.
Su Yi opened his account and saw the total assets of over 67 million, and the profit and loss data showing unrealized gains of over 50 million.
Although he tried his best to maintain a calm expression, an uncontrollable surge of excitement still welled up in his heart.
(End of Chapter)
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