A few minutes later, the market officially opened for trading.
Under the further brewing of panic, 'Teli A's' stock price was suppressed by stop-loss orders, heading directly towards the limit-down.
Meanwhile, blue-chip stocks on the main board continued to be sluggish.
The two main thematic lines, 'SOE Reform' and 'Oversold Rebound', as well as the 'newly listed stocks' sector, all rapidly declined.
This was due to the significant money-losing effect displayed by 'Teli A', which serves as an emotional barometer, opening much lower.
Under this influence, at 9:33 AM, just 3 minutes after the official opening.
The Shanghai Composite Index's decline expanded to 3%.
Furthermore, the SME Board Index and ChiNext Index plummeted in a straight line, expanding the market decline to around 4%.
The sharp straight-line fall of the indices undoubtedly reminded everyone that the nightmare of the previous liquidity crisis and thousands of stocks hitting limit-down had returned.
As a result, more panic selling began to surge out.
Many stocks that had been continuously surging in the previous trading days saw massive volume and plunged towards the limit-down.
Among them, 'Teli A' hit the limit-down at 9:35 AM, with its stock price reaching 15.31 yuan.
Subsequently, 'Teli A' struggled near the limit-down for one minute, completely locking the limit-down board at 9:36 AM.
In 6 minutes, the total trading volume exceeded 32 million.
At this point, the Shanghai Composite Index's decline had plummeted to about 3.5%, while the SME Board Index and ChiNext Index's declines were approaching 5%.
Panic and fear in market investment sentiment continued.
Countless groups of in-market shareholders had begun mindless selling regardless of cost, scrambling for market liquidity.
It was as if the 'stock market crash' had returned overnight.
Su Yi showed no panic in the face of the market's opening plummet.
His gaze remained fixed on 'Teli A's' trading screen, occasionally placing buy orders on its limit-down board.
Instead of directly injecting large or super-large orders of capital, he opted for a slow accumulation of 1,000 to 2,000 lots per minute.
After all, at this time, the market was still in an extreme state of panic selling.
Both investment sentiment and speculative sentiment were deteriorating.
There was no need for him to aggressively push in with large or super-large orders, thereby going against the prevailing sentiment.
Only when panic sentiment had bottomed out quickly, the 'national team' began rapid and swift upward movements, market investment sentiment showed signs of bottoming out and rebounding, and the market reached another turning point between bulls and bears.
Only then would he make large and super-large buy orders to leverage 'Teli A's' trading screen, allowing the stock to resonate with market sentiment and initiate a bottoming-out counterattack.
While Su Yi was quietly accumulating chips on 'Teli A's' trading screen.
As the main force of hot money that had been trapped from yesterday's relay.
At this moment, in a private room of the VIP trading office at Huafu Zhengquan's Yuhang Tiancheng East Road branch, Yang Kunrong gazed at the overall market trends of both cities and 'Teli A's' trading screen, his brows still deeply furrowed.
The total of 20,000 lots of 'Teli A' stock chips in his account had not been sold for stop-loss.
To concede losses and exit like this was not his style.
What's more, the 'national team's' trillions of funds poured into the market, aiming to resolve the liquidity crisis.
At this current point, only about a week had passed since the 'national team' officially entered to save the market.
If a market liquidity crisis reappeared, he believed the 'national team' would absolutely not stand idly by.
After all, if the market were to experience another 'stock market crash' at this time.
Wouldn't that be openly slapping the regulatory authorities in the face?
Furthermore, 'Teli A', as the current emotional barometer of the market, still maintained its attention and popularity.
Once market sentiment slightly bottomed out and experienced a brief recovery.
According to his past market trading experience, he believed there would be greedy short-term active funds coming in to buy the dip and pry open the limit-down.
By then...
He would have a chance to save himself.
In contrast to Yang Kunrong's choice of trading strategy.
At this moment, Wu Mingze, known as 'Jintian Ge', another main force of hot money trapped in the relay, strictly adhered to his trading rules: once the leading stock in his position showed weakness and buying capital absorption remained continuously low, he must decisively stop losses.
He was not allowed to harbor any expectations or fantasies about subsequent market trends or the trading screen, nor was he allowed to increase positions to buy the dip and save himself, thereby putting himself in a more passive situation.
Such operational discipline allowed him to avoid many huge pitfalls in the market.
It also allowed him to escape this round of stock market crash, successfully topping out above 4500 points.
In other words, his original buying behavior in 'Teli A' was intended to cooperate with the main position for a safe exit.
Now that the main position had successfully withdrawn.
Then his millions in losses on 'Teli A' were completely bearable.
Therefore, from the moment 'Teli A' opened significantly lower and showed a limit-down trend, he began to stop-loss sell.
By now, a total of 19,000 lots of chips had almost been exited.
Even if 'Teli A' were to remain limit-down for the entire day, he would have nothing to worry about.
Under the two men's differing choices of trading strategies.
As market trading time continued to pass.
At 9:46 AM, as the Shanghai Composite Index fell below 3700 points, the market decline broke through 4%, while the SME Board Index and ChiNext Index declines further expanded to 5.5%, over 300 stocks in both markets hit limit-down, and market panic reached its extreme, with the liquidity crisis becoming further prominent.
Finally, super-large buy orders amounting to tens of millions and hundreds of millions of funds.
Began to appear again on the trading screens of component blue-chip stocks of core indices such as the A50 Index, Hushen 300 Index, Huazheng 500 Index, SME Board Index, and ChiNext Index.
Immediately after, powerful primary buying capital surged back like an angry tide.
Pulling the Shanghai Composite Index back above 3700 points.
Subsequently, when the Shanghai Composite Index stood back above 3700 points.
When active funds across the entire market saw the 'national team's' renewed aggressive buying.
When a large number of blue-chip indicator stocks such as Huaguo Zhongche, Huaxin Zhengquan, Huashang Yinhang, Huaguo Ping'an, Qianzhou Maotai, Leshi Wang, Dongfang Caifu, and Tonghuashun all surged rapidly with massive volume, bottoming out and rebounding.
Everyone finally reaffirmed their belief in the 'national team's' determination to protect the market.
Consequently, countless follow-on funds and bottom-fishing funds began to gather and move.
Su Yi noticed the bottoming-out reversal of market sentiment at this moment, and also observed an increasing number of follow-on funds and bottom-fishing funds beginning to counterattack with the 'national team'.
He no longer hesitated, swiftly changing his small-order buying method to large-order and super-large-order sweeping.
In an instant, two consecutive large main buy orders of ten thousand lots each were placed on 'Teli A's' limit-down trading screen.
The moment his main buy order hit 'Teli A's' trading screen.
Yang Kunrong, who had been closely monitoring 'Teli A's' trading screen and constantly thinking of self-rescue measures, also noticed this unusual emotional turning point in the entire market.
Without time for careful thought, he quickly placed a ten-thousand-lot main buy order on 'Teli A's' trading screen, assisting Su Yi in prying open the limit-down.
When the two parties' super-large main buy orders combined forces.
When over 46 million in primary buying capital bombarded the trading screen in an instant.
When countless follow-on funds, also realizing the market sentiment reversal and bottoming-out rebound, swarmed in.
When the massive volume of trapped limit-down pending orders were cancelled like lightning.
Almost instantaneously, 'Teli A's' stock price rapidly surged with massive volume from the limit-down board, skyrocketing from the ground as if a spring onion were pulled from dry land!
(End of Chapter)
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