Tao Liangchen

Chapter 809 My Mistake

With the successive openings of European markets,

Frankfurt in Germany, Paris in France, and London in the United Kingdom all began their downward journeys. Frankfurt in Germany, in particular, saw its decline exceed 5% shortly after the opening.

On this Monday, the Nikkei index fell by more than 3.5% in a single day. The Shanghai Composite Index was slightly stronger, supported by the favorable news of joining the WTO... falling only 2.8%.

A batch of airline stocks on the European market, including British Airways, Lufthansa, and Air France, generally fell by more than 10%, falling with inertia, causing widespread panic.

It can be predicted that for a long time to come, many passengers will be afraid to fly again, and major US flights are still banned.

Even without the ban, there probably wouldn't be many passengers anyway, after all, no one knows if the plane crashes will continue.

The insurance industry, which was directly impacted, also fell sharply. The team under Su Yehao picked a number of stocks to short, while also leveraging and heavily shorting London gold on the futures market. They gradually gained something, and the floating profit quickly exceeded 600 million Hong Kong dollars.

Just when Su Yehao was looking forward to continuing to make money from the US market, the cunning Americans... actually announced the closure of the stock market for a week.

Everyone knew that as soon as the market opened, the stock market would fall crazily.

Faced with the Americans' sly move, not only was Su Yehao dumbfounded, but people in other countries were also stunned.

Clearly, the Americans themselves were experiencing a black swan event. Other markets were holding on, and investors suffered heavy losses, but they found a reason to say "I'm so miserable" and directly pressed the pause button in the market, planning to wait until the panic subsided before trading again.

What's even more outrageous is that they had two days on the weekend to announce it, but they waited until two hours before the New York market opened before holding an emergency press conference.

Evening, Hong Kong time.

When Su Yehao was sitting in front of the computer, received the news, and checked this breaking news, his eyes were filled with bewilderment.

A thought flickered in his mind.

Opening the real-time data to take a look, the price of gold in the London futures market had indeed risen again, and the single-day increase had actually exceeded five points.

This meant that he had made a lot of money again.

Unlike other leveraged transactions, the leverage of London gold and London silver is generally as high as one hundred to two hundred times, which is equivalent to using one dollar to leverage a futures contract worth one hundred dollars. The principal paid is small, and the market fluctuates greatly, which is almost like risking one's life, with extremely high risks and returns.

Su Yehao knew that the market was only experiencing short-term fluctuations and could not last for long, so he called the trading consultant in charge of trading and asked them to start cashing out and securing profits as soon as possible.

Although he felt that the price of gold would probably continue to rise in the following days, the risk had already increased after today's surge. There was no need to continue gambling. After all, the original intention of this investment was just to make a quick buck.

The performance of the European market had already given Su Yehao many surprises, and with the help of the Americans, who suddenly announced the suspension of stock market trading this week, it was like adding fuel to the fire, increasing the uncertainty of the market.

Faced with sudden risks, people frantically sold currencies and bought commodities out of the need to avoid risks, leading to a surge in precious metals, crude oil, and other markets. The single-day increase in London gold quickly exceeded 5.9%.

Although the price of gold had been rising all the way during Su Yehao's position-building period, resulting in a higher purchase cost,

However, his position size was particularly large. Institutions continued to sell, and Su Yehao continued to buy. By the time he sold about 80% of the futures contracts at a high level, the profit in hand had exceeded 70 million US dollars. This was only the income from the gold futures market. Shorting British Airways and European index futures also earned him a lot of money.

For a group of speculators, including him, this was like a carnival feast.

In addition to his own side, there was also a full 500 million US dollars entrusted to Goldman Sachs to help manage. Goldman Sachs' private equity fund seemed to be investing crazily in the crude oil futures market. The price trend of New York crude oil futures even exceeded the increase in gold futures.

Even Su Yehao couldn't help but feel addicted to such an industry. It was just a pity that he had grabbed too little of the cake, which couldn't compare with the Nasdaq index crash last year...

After taking a bath and changing into pajamas, Su Yehao went to bed and hugged the little girl, telling her with a smile: "I made a mistake."

"Hmm? Did you lose money?"

"Not really. I originally thought it would be great to earn one or two hundred million US dollars, but now it looks like it's more than that. After the US market opens, I might be able to short the three major indexes. If Nasdaq falls more, many high-quality companies will basically fall to the bottom. The opportunity to buy the bottom is about to be released."

Su Yehao started to get handsy and continued, "I'm going to borrow some more money from somewhere, preferably using the Yanwenzi Group's stock as collateral for a loan. It's a pity that the loan ratio for securities assets is not as high as that of the real estate industry. I still have to contact the bank to ask for details, and then we'll see."

Nan Gongtian's eyes lit up, and she said excitedly: "Wow, wouldn't that be a big profit? Let's celebrate tonight?"

He instantly understood what she meant.

Su Yehao was silent for a moment, then got out of bed and slipped away, only smiling and leaving a sentence: "You celebrate yourself, I'll sleep later. The US futures exchange hasn't opened yet, and the price of London crude oil has risen from 27 US dollars to 30 US dollars, maybe there will be an opportunity to short it."

Pouting her lips, Nan Gongtian didn't say anything more, only asking: "Didn't you say before that commodity prices would rise, why would the price of oil fall?"

"Because the aviation industry is sluggish, it's a big oil consumer. Also, the economy, the short-term economic performance is estimated to be very poor. Oil consumption is low, so the price will of course decrease, but this is my personal opinion, and I need to study it further."

Su Yehao didn't pay rent, indeed because he was tired. He rushed back to Hong Kong in the morning, and then was busy with speculative financial management.

He was already sleepy at this moment, how dare he provoke Nan Gongtian again.

......

Today's rate of return was already enough to satisfy Su Yehao, and it didn't matter too much how much more he could earn.

When the panic is released, the market will probably rebound, so he doesn't plan to take action on the New York Futures Exchange side.

After communicating with Mr. Cantor Willis of Goldman Sachs by phone and learning that the 200 million US dollars entrusted to them to manage had earned about 40 million US dollars in the gold futures market,

Su Yehao thought for a while and asked them to cash out and suspend trading, waiting for the next notice.

The temporary plan is to prepare to find an opportunity to directly invest in Amazon. Its market value has shrunk from several hundred billion US dollars all the way to just over fifty billion US dollars, its cash flow is almost exhausted, it faces the risk of possible bankruptcy, and it has scared away many investors.

If he invests a part at this time, and then talks to the Amazon board of directors about financing, he believes that he should be able to buy some Amazon stock at a good price, use the Yanwenzi Group's collateral loan, and take the cash to invest in it.

This is equivalent to only paying some interest, but holding more appreciating assets, while further expanding the influence in Silicon Valley, and helping Yanwenzi Group and Google attract a potential major customer.

Previously Microsoft...

Don't look at the fact that capital is now withdrawing from Silicon Valley, and it's a bleak scene.

However, as the Nasdaq index is about to bottom out, the cold winter is about to pass. When institutions and hot money make a comeback, the stronger Su Yehao is, the more likely he will be to protect himself in the torrent. It's time to prepare in advance...