Tao Liangchen

Chapter 642 Collapse Begins Silently

This January, the Nasdaq index stood at just over four thousand points.

Su Yehao rushed into the market impatiently, only to be treated as a leek and harvested. A full thirty-plus billion Hong Kong dollars vanished just like that.

After the news was sold by an intern in an assistant's office for a few thousand Hong Kong dollars, unscrupulous media outlets are still making fun of him for finally stumbling, breaking his undefeated myth, and so on. Related news is widely circulating online.

He dared to play so big back then.

Now, more than a month has passed, and the Nasdaq index has touched the five thousand point threshold. With the bubble further inflated, he naturally has even more confidence.

With a bit of a vengeful intent, after communicating with Vice President Zheng Yongwen, Su Yehao immediately called Assistant Zhuang Wei and told her to notify the "Air Force Squad," which had never been disbanded, to short the Nasdaq index futures after midnight tonight. Furthermore, using options and stock futures, he planned to bet against the merged America Online·Time Warner Group, as well as companies like Amazon and Cisco.

On the other end of the phone, Zhuang Wei asked, "Why after midnight tonight? And what about the scale? You only said to short, and I'm worried they won't fully understand your meaning. Otherwise, should I call those people back to the company, and you can hold a conference call with them?"

"Because... Never mind, let them take some time to rest. I'll be at the office around ten-thirty tonight, and we can discuss it in detail during a meeting."

Su Yehao was too embarrassed to tell Zhuang Wei that he had chosen to believe in Wong Tai Sin's chosen date because he couldn't make up his mind.

Telling the truth would damage his image.

After all, Assistant Zhuang Wei has a serious personality and probably wouldn't understand the metaphysics involved. It's not scientific at all.

Judging from the facts of the past few days, the past half month or so has indeed not been a good time to enter the market. The Nasdaq index has risen by several hundred points again. In this light, Wong Tai Sin deserves some credit.

Assistant Zhuang Wei calmly replied, "Okay, if I remember correctly, all your accounts combined have a total of $1.98 billion. Shorting requires a margin, so how much do you plan to use this time? I need to let the bank know and report it in advance."

Su Yehao was stunned after hearing this and asked in surprise, "Has the cash reserve dropped below two billion US dollars again?"

"Yes, the customized yacht transferred $50 million to the shipyard first, and $10 million was transferred to SOM architectural design firm. In addition, there is the start-up capital for the Lujiazui office building in Shanghai, as well as the initial investment for the Qianxin City project... Oh, and you lost 334 million in your last investment..."

"Wait! Let's not dwell on the past. It's bad luck to talk about this today. I know I've spent a lot recently, but I'm just sighing. Money is indeed difficult to earn but easy to spend."

Hearing Su Yehao's words, Zheng Yongwen and Nangong Tian next to him were dumbfounded.

They wondered if they had misheard.

A super-rich whose net worth is rapidly exceeding ten billion US dollars is actually sincerely lamenting that money is difficult to earn. It's simply bullying and leaving no way for others to survive.

On the other end of the phone.

Assistant Zhuang Wei said seriously, "Yes, there will be more places to spend money later. The two wafer foundries in Yuen Long are expected to require an investment of around $800 million. I will compile a detailed list for you recently. The audit report from KPMG is almost out."

"Okay, let the bank know and prepare $500 million first. I have a very good feeling about this time!"

As soon as he finished speaking, Assistant Zhuang Wei subconsciously said, "That sounds familiar. I remember the month before last... But that was before the Spring Festival. New year, new atmosphere, tonight's investment will definitely make money!"

Hearing this.

Su Yehao smiled awkwardly. He did have a particularly good feeling about his last move before the Spring Festival, but it was just an illusion.

It's still early before eleven o'clock.

It's a little after seven in the evening in Hong Kong, and the New York Stock Exchange hasn't opened yet.

After tasting the margarita prepared by his aunt, Su Yehao rarely said a few good words for Zheng Yongwen. They had known each other for a while. Although this former chief financial advisor was a bit aloof, he was good-looking and had a good personality. He also had ability and talent, and he wasn't greedy for money.

However, his aunt just shook her head and warned,

"Don't meddle in adult affairs, you little kid. Yong Ge is a good person, but unfortunately, his personality doesn't suit me at all. Any woman who is with him will be bored to death all day long. I plan to go to the Arctic next, and I've invested in a documentary about polar bears and seals. I'll leave before the polar day arrives."

Su Yehao glanced at Zheng Yongwen.

He saw Zheng Yongwen smiling, looking very calm, probably expecting it.

He vaguely remembered hearing his grandfather mention that these two separated when they were young because their personalities clashed. They were both too smart and too opinionated, which easily led to conflicts.

Thinking of this, Su Yehao felt very lucky. Nangong Tian usually had no temper in front of him and was very understanding.

Jiang Yu and Nong Qingying had different personalities, but they also had an emotional foundation.

...

After getting off the yacht.

Around nine o'clock, he first sent the slightly tipsy Nangong Tian to the Mid-Levels Shangfengshangshui neighborhood.

Jiang Yu's parents had gone to Europe for a trip, supposedly in Marseille, France. She was a little scared being alone at home and had already arranged to watch a movie with Nangong Tian tonight for a girls' night out.

It just so happened that Su Yehao had something to do, so he sent Nangong Tian over first. Actually, he also wanted to linger and find something new in Jiang Yu's boudoir.

Unfortunately, he still had to have a meeting with his employees tonight to discuss the specific holding plan.

After sitting in Jiang Yu's house for a while, he went out a little after ten o'clock and rushed to the quiet Sihai International Building in Central. The security guard was very polite, accepted the cigar that Su Yehao casually threw to him, and thanked him repeatedly.

When meeting with the wealth management advisors of the "Air Force Squad," Su Yehao didn't actually have a specific plan. He only said to focus on shorting Nasdaq stock index futures, and to establish some short positions in Amazon and America Online·Time Warner Group.

As usual, the short meeting lasted only ten minutes, especially concise and clear.

After midnight, several highly educated financial professionals responsible for trading sat in front of their computers, using the funds in their accounts as margin and converting them into short contracts.

Over in the United States.

Today is Monday. Since the market opened in the morning, the Nasdaq index has risen slightly by 0.2%, appearing unusually calm.

Compared to the huge market, Su Yehao's orders were insignificant. However, market sentiment was already particularly tense. Facing a batch of short option orders, Amazon's stock price was the first to react, turning from green to red.

The trading volume of the Nasdaq stock index has been quite large recently. After just establishing a $2 billion short position in the stock index and putting out a few more short orders, the market seemed frightened, and a large number of orders surged out.

One trader suddenly shouted, "The internet is down?! Why is my webpage stuck?"

"Me too, damn it, is there something wrong with the Nasdaq's trading program? Other websites are responding!"

Not far away, Su Yehao, who was dozing off, was awakened by their shouting. He looked around blankly, stretched, and asked, "What's wrong? What happened?"

One pot-bellied financial analyst said wonderingly,

"No way, it was fine before. Just a few hundred million US dollars in short orders, could we have crashed the Nasdaq's stock index futures? Quick, quick, check the recent orders and see if they've been filled!"

"... There's no problem on the brokerage side. Three of the four sell orders were filled. The Nasdaq stock index data is not moving. The server must be having problems."

Su Yehao didn't understand the situation for a moment, scratched his head, and leaned in front of the computer.

He was a little excited at first, but after twenty minutes, he found that the Nasdaq index had jumped up by more than forty points, making him almost curse. He had been happy for nothing.

By a little after one in the morning.

A total of more than 500 million US dollars were used, with varying degrees of leverage, to build a total short position of 6.2 billion US dollars, of which more than 4.5 billion US dollars were shorting Nasdaq stock index futures.

In addition, more than one billion US dollars of Amazon options were shorted, and the rest were stock options and futures short orders.

Su Yehao went home and had a good sleep. When he woke up, he found that the Nasdaq had actually fallen by 2.6% by the close...