Chapter 1195: The US Department of Commerce opens fire

News from the United States across the ocean has left a large number of people on the island gripped by anxiety and worry this weekend.

Shareholders and retail investors alike are extremely pessimistic about the situation.

In particular, on Saturday night and Sunday morning, a large number of newspapers reported on the matter in detail, and for a time the entire island was in an uproar.

After all, this is a rare and typical event in recent years: the US Department of Commerce has filed an investigation against a major island company. It is impossible for the islanders, whose mentality is complex in this era, not to pay attention to this matter.

Many newspapers have also analysed how the US Department of Commerce will handle this matter, what the outcome will be, and what kind of consequences X-Silk Industries will face.

This uncertainty has increased the anxiety of shareholders and institutions.

After all, the unknown is the most frightening!

And the United States is unlike an island country, and is notorious for its heavy-handed approach to punishing goods!

The fines issued in the past to both American and foreign companies are proof of this, and there is no maximum, only higher!

By Monday, the Tokyo Stock Exchange was packed with people, more crowded than ever before.

After many newspaper reporters carrying cameras entered, it was obvious that many stock investors had worried faces. As soon as they were interviewed, they were all stock investors holding shares of the island's small wire industry.

Soon, the stock market opened.

Stock investors and institutions that had already prepared themselves immediately sold the island's small wire industry stocks they held at low prices.

The stock price of the small wire industry company plummeted at the opening, directly to 1268.45 yen per share.

Compared to the closing price of 1341.39 yen per share last Friday, the opening price had dropped by 5.4 points!

And that was just the beginning.

How could a weekend of panic in the media solve the problem with just a 5.4 point drop?

1254.89 yen per share!

1238.14 yen per share!

1229.33 yen per share!

...

The stock price of Xiaosi Industry Co. did not fluctuate at all, as it was just flat...

In this situation, sell orders flooded the market, but no institutions or retail investors dared to buy.

Until this matter is resolved, the risk will be immeasurably high!

...

'Boss, many institutions that have a bet with us have taken the initiative to ask us to hope that we can end the bet agreement early, that they don't want the stock anymore, and give it to us at a discount!'

In Xia Yu's office, Matsumoto Yu, with a look of joy on his face, told Xia Yu about the situation.

From yesterday morning until now, his personal or office phone has been ringing non-stop, with the CEOs of those institutions calling him personally, pleading with him nicely.

But how could Matsumoto Yu possibly agree? Not to mention whether he was that stupid, the key point was that he simply didn't have the power, and the boss's will was the strongest.

Xia Yu crossed his legs and asked with interest, 'How much are they willing to discount?'

Matsumoto Yu pondered for a moment and replied, "The first offer was different, the highest was 1,300 yen per share, and the lowest was opened to around 1,100 yen per share.'

Wang Qi, who was quietly listening, couldn't help but complain, "This lowest price is not sincere. Even if it can be negotiated, it is estimated that it will be around 1,000 yen.'

'They still don't recognise the situation,'

Xia Yu laughed out loud, 'Wang Qi, if they can recognise the situation, that would be slapping me in the face!'

Wang Qi scratched his head and smiled awkwardly.

'The fire isn't hot enough yet, they're still hoping for the best. They still need their American father to make them recognise reality and dispel their illusions!'

Xia Yu laughed, saying these words with a carefree air.

Yū Matsumoto, an islander, heard Xia Yu's words and his face did not show the slightest fluctuation, as if he was not an islander.

'Continue watching the show!'

'It will be over soon!'

Finally, Xia Yu summed it up in two simple sentences.

...

At the close of trading that afternoon, the share price of Xiao Si Industry had fallen to 1,134.58 yen per share.

The daily drop reached 15.4%!

The market value had evaporated by 72.3835 billion yen!

At 10am New York time on Monday, the US Department of Commerce held an impromptu press conference to address the issue of public concern and disclose the status of the investigation into the island's Little Silk Industries.

Over the weekend, the Department of Commerce had brought in experts to conduct a thorough inspection of the problem products listed by the FAA, and confirmed that all of them were substandard.

The products sampled from the warehouse of the island's Little Silk Industries were also substandard, and the Department of Commerce has temporarily seized these products and imposed travel restrictions on the relevant personnel.

In the face of the sharp questions from the USA Today reporter, the US Department of Commerce responded positively that it would assess the adverse impact and harm caused by these products, and would severely punish Island Country Small Wire Industries and issue a fine with extreme caution!

As for the amount of the fine, in the face of the excited questions from the reporters, the spokesperson for the US Department of Commerce did not give a specific figure, claiming that it could only be determined after rigorous assessment.

However, he let slip a sentence that made all the reporters present feel like they had taken a stimulant.

'The lives of the American people are paramount. Any company that causes harm to society will be punished, even to the point of bankruptcy! Such irresponsible companies should not exist! It would be best to send them to the trash heap!'

This sentence was not to be underestimated!

It was very explosive!

However, the island reporters and the people from the island's Little Silk Industry Company who were present at the scene turned pale, especially the people from the island's Little Silk Industry Company, as if the sky had collapsed.

On that day, all media outlets that reported the news placed the statement of the spokesperson of the US Department of Commerce in the most prominent position.

The news quickly spread back to the island country.

After receiving the news, Kyogen Kojiro felt a blackout and almost fainted. It was as if all his strength had been sucked out of him.

When the US Department of Commerce released this statement, it was already destined that the island country's Small Wire Industry Company would face a fine.

The initiative had completely passed to the US Department of Commerce, and they were the ones who decided how large a fine to impose.

As for the so-called rigorous assessment of the adverse impact and harm, who knows how it was assessed? What was the result?

It was nothing more than a piece of paper with data on it. If the American government says yes, would the island government dare to question it?

The only chance now is to do a good job of public relations before the US Department of Commerce issues the fine, to see if the fine can be reduced, so that it doesn't go bankrupt!

But judging from the proactive and tough attitude of the US Department of Commerce this time, the difficulty of public relations here is as difficult as climbing to the sky!

Jingyuan Shōjirō received a message from the island government saying that the government would do its best, but he was also told to prepare mentally in advance!

Early Tuesday morning, island time, major television stations, radio stations and newspapers that had been urgently re-edited all reported on the news, especially the media controlled by Jiuding Newspaper Company, which made a big deal out of it, for fear that the impact would not be enough!

After the stock market opened, the stock price of Xiao Si Industrial Company once again plummeted!

The opening price was a direct gap, with the first sell order at 1,000 yen per share, a drop of 134.58 yen per share compared to yesterday's closing price, a drop of nearly 12%!

Subsequently, the stock price of Xiao Si Industry continued to plummet.

At the end of the morning session, the stock price had dropped directly to 724.88 yen per share!

That morning, the market value once again evaporated by 140.25 billion yen!

The Tokyo Stock Exchange was in shambles...