Urban's Fury: The War Dragon God
Chapter 726: Stock Market Turmoil

Chapter 726: Chapter 726: Stock Market Turmoil

"It’s up."

"There are big buyers stepping in."

"They really are gobbling everything up, keep buying for me, even if there’s no meat left, I at least want a sip of the soup."

In the trading room, many people were watching stocks from Century, and Century’s stocks didn’t disappoint. The market had just opened for three minutes and had already surged dramatically.

"Look, the stocks of Century have hit the upper limit."

Within half an hour of opening, the bright red limit-up boards topped off several stocks of Century.

This spectacle stood out in a sea of mostly green stocks.

"Shucks, too late."

"Haha, this time I might be able to buy a house in Sea City early." The stockholder who had heavily invested earlier burst into laughter, he had been somewhat nervous before; apparently, the news from his relative was true.

This wave had been seized, his assets could have doubled at least.

Unfortunately, thinking about heavily investing now was too late, and it was uncertain how many days this market trend could last.

Meanwhile, several minor shareholder families of Century Group were also closely monitoring the stock market’s movements.

"The stocks have hit the upper limit, what’s going on? Shouldn’t the stock market be falling today?"

A scion from a small shareholder family watched the continuously rising stocks with a limit-up in utter confusion, wondering if he had the wrong script.

The other minor shareholder scions also looked dismayed; although the stocks had risen, it did not relate to them anymore since they had sold their shares to Dong Xing and others within these two days.

And the selling price was merely at its market value, with no premium whatsoever.

Dong Xing personally made the move, and these families were somewhat frightened, fearing they might get buried along with Century Group. Thus, when Dong Xing proposed to buy their shares, they sold them almost without resistance.

Ma Chusheng sighed as he looked at the stock market, he finally admitted he wasn’t entirely clueless: "This must be some kind of strategy."

"What strategy?"

"To release good news first, then crash the market, making those naive investors bear the losses."

Even though envious of the profits, Ma Chusheng also knew such money was not easy to earn. Without the financial power and influence of Dong Xing’s group, it was impossible to stir up such storms.

Simultaneously, insider information was spreading out from big trading rooms, and individual investors were getting somewhat frantic upon hearing the news.

Of course, these people were confident in continued growth because Century Group was not just any small entity but one of the top ten in Sea City; such a conglomerate had deep foundations and was not easily toppled.

The first day went by just like that.

On the second day of the stock market, as soon as the market opened, Century Group’s stock prices soared again, with very few shares circulating in the market because Li Feng had secretly bought up many shares when competing for the position of chairman.

Moreover, although the insider information wasn’t precise, it accidentally hit the mark since Li Feng had continuously bought stocks from the market, albeit not in massive amounts, keeping Century’s stock price from climbing sharply.

"Dad, it’s limit-up again."

Dongfang Ding had been keeping an eye on the story, never expecting the stock market to stop two days in a row; this was obviously manipulated by someone behind the scenes, considering the entire market was still bearish.

Dongfang Wenzheng also saw this scene but remained incredibly calm with his tea: "They just want to cash out by trapping and shearing the naive investors."

Dongfang Wenzheng had already sent people to gather information in the stock trading hall, had heard about what was being circulated in the market.

"Dad, should we sell some of our shares?"

"Why the hurry? This is just the beginning." Dongfang Wenzheng chuckled lightly. Dong Xing and his people’s tactics were not clever at all. Any stock manipulator could play these tricks; it all depended on how many chips you held.

And with the greed of people like Dong Xing, though the purpose was to crash the market, they would definitely not do it at a loss. So first, they would let the stock prices rise to attract the capital of retail investors to support the market, and then they would pull the rug out from under them when the time was right.

At that moment, they would spread the rumor that Li Feng intended to dismantle Century Group, delivering a heavy blow to the market and instantly wiping out those retail investors who had thrown themselves into the stock market.

Then, these unfortunate investors would direct all their hatred towards Century Group, not associating Dong Xing and his group with any of it.

"Dad, I’m just worried these bastards might sell us out," Dongfang Ding said, also feeling anxious.

Ma Chusheng and the others were minor shareholders of Century and had no choice but to sell their stocks to Dong Xing and the others. Their family was different; they were the second largest shareholders of Century Group, and Eastern Investment was no small company. The others could only reach an agreement with their family.

However, this agreement seemed useless to Dongfang Ding.

If the others sold their shares prematurely, what could they do, given that together they only owned about five or six percent of the shares, while the Dongfang Family held nearly twenty percent?

"Hmm, how can I trust you to take over the company with this kind of mentality?" Dongfang Wenzheng glanced at Dongfang Ding. This kid, compared to others, was not even on par with Dong Xing and his ilk.

Dongfang Ding was left speechless. Was it even his fault?

This was nearly half of their family’s fortune. If they really suffered a loss, he, the wealthy second generation, would directly have to beg in the streets.

On the third day, the stock hit the upper limit.

On the fourth day, it was still at the upper limit.

And the trend continued to intensify. Over four consecutive days, the stock price almost reached eighty percent of its former peak. Though not close to the peak, it still stood out brightly amidst the multitude.

Myth Communication.

Li Feng yawned as he came to work at the company. Although he still held the position of chairman at Century, since taking up this role, he hadn’t even crossed the threshold of Century Group’s door. Alternatively, this small company, previously used by the Wang Family for practice, was where President Li Feng clocked in daily.

Li Feng walked leisurely into his office and flopped directly onto the sofa. He hadn’t really rested well over the past two days at home; not only because of Sofia but also because of Wang Qian’er. It had indeed been restless.

No sooner had Li Feng lain down on the sofa than Jiang Linda entered, pushing her glasses up on the bridge of her nose and looking at the indifferent President Li, feeling a deep sense of helplessness.

"Is there a problem?"

Hearing Li Feng’s words, Jiang Linda couldn’t help but feel frustrated. Which president behaved like him, totally hands-off?

It’s truly a wonder he wasn’t sidelined.

"Hmm, I’ve been keeping an eye on Century Group, and the stock price on the market has skyrocketed, hitting the upper limit for four consecutive days. I’ve had people look into it, and it seems someone is fanning the flames, spreading false information."

"Oh, what kind of information?"

"They say there’s infighting in the board of directors, that you, the chairman, have been solidifying your position by accumulating shares, and that this stock rally is proof."

"Do you think I should sell off some shares?" Li Feng suddenly said.

"Ah!"

Jiang Linda looked up at Li Feng, who then abruptly sat up, not hesitating any longer and immediately grabbed his phone.

"Let’s sell a hundred million shares at the opening bell today."