Norio Ohga does not understand why the share prices would plummet so suddenly. There were no problems with the company's operations, and the PlayStation console was selling well. The feedback from the market was good, and the disc sales were increasing. Walkman, CD players, etc. were also selling well. There were no negative news about the company's artists' concerts.
The share prices should have continued to rise, and even if there were some fluctuations, it should not plummet suddenly. The US stock market was bullish, and the share prices will drop by 5% in just a few minutes!
Norio Ohga looked at the stock market, and a large number of shares were being dumped, causing the share prices to plummet.
Who was it? Was it those speculators? Someone was purposely targeting Sony?
Norio Ohga did not care that he was still half-naked. He immediately picked up the phone and called the person-in-charge in the US.
"President, it's mainly those speculators from overseas. They are dumping our company's shares in large quantities. It's not only our company. Toshiba, Sharp, Pioneer, and many other US listed companies' shares are being dumped. Everyone's share prices are plummeting, and the whole electronics industry's share prices are also plummeting! "
"Overseas speculators? Do you know where they are from? "
"We are investigating, and we can confirm that they are from Asia."
Asia? Who was it? Which company was behind this? The whole electronics industry's share prices were plummeting, and it even caused the stock market to plummet. This was not a simple case of speculators dumping their shares. This might be a premeditated move!
But why were these people doing this? Under normal circumstances, they should be dumping their shares slowly to make money. Now that the share prices had plummeted, they should be suffering losses. Also, aren't they afraid that they will not be able to sell their shares?
Before Norio Ohga could hang up, the house phone rang again. His wife immediately passed the phone to him. He answered and said a few words before hanging up.
"I am going to the company. I will not be back tonight."
… …
Toshiba's President was woken up from his sleep, and he was not happy. What time was it now? How was he going to work tomorrow if he does not sleep?
"President, our company's share prices suddenly plunged!"
"What did you say? How did this happen? How much did it drop? "The President's sleepiness disappeared. How did the company's share prices drop so suddenly? The market for the electronics industry is doing very well.
"It's already 8%. No, it's already 10%!" During the call, the company's share prices had dropped to 10%!
"What's the reason? Is there another scandal in the company?"
"No, everything is normal in the company. At least there are no scandals in the US. I don't know about Europe, but I called the headquarters to ask, and there was no problem. "
"So someone is manipulating our stock price?" He was very angry, but at the same time, he was a little frightened. Toshiba is a big company with a market value of more than 10 billion USD. To manipulate their share prices, the amount of funds needed is not a small amount. Logically speaking, no one has the ability to do so unless many people work together!
He immediately got up and gathered the board of directors for a meeting. At the very least, he had to come up with a solution to prevent the stock prices in Tokyo from plummeting!
If the stock price continued to fall for more than ten days like last year, and the share price had shrunk by half, then his position as the president would come to an end. Moreover, he also owns a lot of shares in the company. This will cause him to lose a lot of money!
This night was destined to be a sleepless night for many Japanese companies.
They did not know what was wrong with the company. Why was the company's stock being sold in large quantities and the stock price falling again and again? At the same time, they also noticed that many Japanese companies' share prices, especially the electronics companies' share prices, had fallen by more than 10%.
The entire electronics industry's share prices had fallen, and even the stock market had fallen. The US stock market was at its peak, and there were lots of speculators. The stock market had been rising for many days. Why did the stock prices suddenly plunge?
At this time, many people started to buy in during the plunge, and the share prices started to recover slowly. Among these companies, there were a lot of capable companies.
If someone is targeting one company, it might be possible. But who has the ability to target so many companies?
All the companies were researching and decided to work together to stabilize the share prices. This incident had even reached the Japanese Prime Minister. If the share prices plunged again, then Japan's economy will crash, and it will be a huge blow to the Prime Minister.
The next day, all the Japanese electronics companies and the government kept releasing positive news to stabilize the share prices. But after yesterday's plunge, many investors could not believe it. So, the shares of those companies listed in Tokyo also started to fall.
Some of the Hong Kong tycoons who had bought the electronics companies' shares had started to celebrate. Some of them had made more, and some had made less. But no matter what, they had made a profit.
This time, they had gone to the US to make a fortune, and it felt good. But some of them were regretting. If they had invested more, they would have made more profits. This was much faster than their other businesses. No wonder Fu Rongqi insisted on investing in the financial industry. The financial industry was indeed a profitable industry!
All the tycoons were waiting to see the chemical company's shares being sold tonight, and they will celebrate tomorrow. It was Fu Rongqi's birthday in a few days, and the tycoons should be there to celebrate. After all, it was all thanks to Fu Rongqi that they could make so much money.
But Fu Rongqi was not looking good. These people do not know anything about the financial market. How can they sell their shares like this? If they had listened to Fu Rongqi and slowly sell their shares, they will get more profits. But these people did not listen to Fu Rongqi. If it weren't for some people trying to buy the shares at a low price, they would not be able to sell their shares!
Tokyo's stock market closed, and Norio Ohga and the rest were not looking good. The share prices in Tokyo could not stabilize, and many people started to sell their shares in panic.
"Norio Ohga, explain to us. Why did the share prices drop so much?" A director, who had praised Norio Ohga yesterday, asked.
"Someone is targeting us, or should I say, targeting our Japanese electronics companies, especially those companies whose share prices had plunged. After our investigations, we found out that most of these speculators are from Hong Kong! "Norio Ohga said.
Those people did not hide anything. They entered the market together and pushed up Sony's share prices. After that, they exited the market together, causing Sony's share prices to plummet. Are they treating Sony as an ATM?
"Hong Kong? Why are they targeting us? Are there any big electronics companies in Hong Kong? Our Japanese companies also do not do anything overboard in Hong Kong. Why are they doing this? "
Norio Ohga glanced at that director. Are you an idiot? You can't even tell this is a simple question?
"Of course, it's because of benefits. They knew our share prices will rise, and a large amount of speculators entered the market to push up our share prices. Now, they felt that they had enough speculators and started to dump their shares. Do you still remember last year when our share prices plummeted, and we did not do anything to save the market. Our share prices started to rise, and those speculators bought our shares at that time. "
"How come you did not notice such an important matter? You still want us to increase our shares, and now, the share prices fell again. What are you going to say about this? "
Norio Ohga was furious. How many times? How many times had this happened? When these directors were making money, they would say it was because of everyone's hard work. But when they were losing money, it was all his fault. I don't even want to be the Acting President anymore!
"I have nothing to say. If you all think there is someone more suitable than me for this position, just tell me. I will give up!"
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