This news directly changes the world's state of shortage of iron ore to an imminent excess of raw materials.

Although the newly discovered large iron ore cannot be mined immediately.

However, international raw material commodity futures players have huge ore reserves in their hands.

Originally, they took advantage of the shortage of iron ore and planned to stock up until the price was right before selling.

But now, the strategy of controlling the price increase of iron ore will be ineffective and a large number of sell-offs will be started immediately.

In futures, what you play is expectation. If expectations fall, these people will sell in advance.

The price of raw materials plummeted, which directly led to the price reduction of finished products.

Although it is not that severe, the domestic steel industry has just improved. As the finished product prices drop, profits decrease, and the stock price also falls.

Seeing that Tengxiao Capital had been trapped, Wang Jue was very happy, but the sudden change caught him off guard.

This pure is a black swan event, which no one could have predicted.

The trader found Wang Jue as soon as possible, "Mr. Wang, let's sell it quickly,"

Wang Jue frowned, feeling very unwilling.

They hold 50 billion steel industry stocks in their hands. If they sell, wouldn’t it accelerate the decline of the stock price?

Isn’t this equivalent to indirectly helping Chen Xiao?

However, just as he was hesitating, the stock price of the steel industry had collapsed.

More than ten minutes later, before Wang Jue made a decision, all 46 companies hit the limit...

"Boss, boss, Mr. Wang, it's not good, 46 companies collectively hit the limit!"

Trader: "..."

Wang Jue: "..."

Now, there is no need to hesitate, I am trapped directly...

......

On the other hand, Chen Xiao started to buy in large quantities when he made a profit of 10 points.

Then the shares borrowed from various securities companies are repaid, and the profit balance is 1 billion yuan.

With the original capital of 5.7 billion, Chen Xiao held 6.7 billion yuan at this time.

"Su Tang, 10 times leverage, continues to buy stocks of 46 companies with all his strength."

"yes!"

This wave of operations is even bigger than the last steel market.

But it's relatively simple.

Because the entire industry is now hitting the limit, the huge number of selling orders is on the market.

Due to Chen Xiao's intervention, the limit down even loosened for a while.

Wang Jue has no ability in the financial market, but in terms of connections and well-informedness, he is much better than Chen Xiao.

Not long after, he learned that it was Tengxiao Capital who was buying a large amount of stocks in the market.

Wang Jue didn't care. After all, Chen Xiao borrowed so many stocks and needed to repay them. It is normal to buy them with profits now.

He had to admit that he, as an outsider, had never messed up Chen Xiao in this round of confrontation.

He could only say helplessly: "Wait for him to buy, cut his losses and leave the market."

The trader sighed and did as Wang Jue asked.

Chen Xiao opened a gap to the limit down, giving countless people who wanted to cut their losses and leave the market a chance.

A large number of selling orders were sold closely at the limit price, while Chen Xiao refused everyone and accepted them all.

The fierce competition lasted for a whole day.

Before the closing of the night, Wang Jue breathed a sigh of relief and finally cleared all the stocks in his hands.

5 billion yuan in principal, now less than 500 million yuan is available.

Under the ten-fold leverage, the financial market loses 9 points, and when it is transmitted to the principal, it loses 90 points.

After closing the position, look at today's steel stock price, it remains on the verge of falling to the limit.

"Well? Tengxiao Capital is still buying?"

The trader was stunned and said, "It seems that they are still the ones."

Wang Jue wondered, was it not just Tengxiao Capital's family who was supporting the bottom line?

He thought about it, picked up the phone and called out, and soon received the news.

Only Tengxiao Capital is the only one who supports the steel stocks, and some other retail investors are not included.

Wang Jue wondered, if only Tengxiao Capital and his family were still buying it.

Then he should have bought enough stocks to repay securities companies.

But why are you still buying?

He is going long with the backhand?

How is this possible?

Wang is definitely not an expert, so he specifically raised his questions.ъìqυgΕtv.℃ǒΜ

The trader said: "Unless there is another black swan event, the current situation of the steel industry will not be changed easily."

Wang Jue hesitated for a moment and asked, "Do you have... many swans in your industry?"

Trader: "..."

“Not easy to encounter.”

Wang Jue nodded, but he didn't understand it very much.

Now Chen Xiao obviously wants to go long with the backhand. If he wants to go against him, he has to go short.

After looking at the only 500 million yuan left in my hand, this is definitely not enough.

Wang Jue hesitated, "If we shorted it backhand now, can we make up for the previous losses?"

The trader said: "There is limited space for shorting, which is probably difficult, but it should be possible to make up for some of it."

Wang Jue carefully measured it, which can not only make up for some losses, but also cause some trouble for Tengxiao Capital. This is a good thing!

"I'll give you another 1 billion, plus the remaining 500 million, and ten times the leverage margin trading and shorting steel stocks!"

"Okay Mr. Wang."

......

Just as Wang Jue was preparing to short, today's stock market closed.

But neither Chen Xiao nor Wang Jue had time to rest.

Tengxiao Capital spent all the funds 67 billion yuan used to purchase stocks in the steel industry today.

But he did not give up, but used Panhai Entertainment Group as collateral to borrow funds on a large scale.

Wang Jue is also contacting various securities institutions, preparing to borrow stocks in the steel industry and short selling.

It was busy until late at night that Chen Xiao walked out of Tengxiao Capital Office Building.

Taking a deep breath of fresh air, Chen Xiao felt extremely relaxed.

The steel market trends are not predicted from hidden information.

It will reach the end tomorrow, rebound in a full rebound the day after tomorrow, and then it will be a slow growth of twenty days.

Chen Xiao is sure that there will definitely be big news in international iron ore to hedge against the negative trend of excessive raw materials brought by the large iron ore and futures markets in South Australia.

Otherwise, the stock market will not turn red for no reason.

I looked up at the sky, and the moon was bright and the stars were sparse.

Chen Xiao thought about it and went straight to Xia Yudie's villa.

Regardless of protests, she was picked up from the e-sports room and played another more exciting game...

“Ah~~”

"Hate, I'm in the BT copy!"

Chen Xiao smiled, not very understanding the terms in the monster, "It doesn't matter, I'm very bt too."

Xia Yudie: "..."

"What I said is different from what you said."

"It's okay, it's just as fun."

Xia Yudie rolled her eyes.
To be continued...