With the opening of markets in Europe one after another.
Frankfurt in Germany, Paris in France, and London in the United Kingdom also started their plunge, especially Frankfurt in Germany, which fell by more than 5% soon after the opening.
On Monday, the Nikkei Index fell more than 3.5% in a single day, while the Shanghai Composite Index was a little tougher, supported by the good news of joining the WTO... it only fell 2.8%.
A number of aviation stocks in the European market, including British Airways, Lufthansa, Air France, etc., generally fell by more than 10%. They were falling with inertia and making people panic.
It can be expected that many passengers will not dare to fly again for a long time, and major flights in the United States are still banned.
Even if there is no ban, I am afraid there will not be many passengers. After all, no one knows whether the collision will continue.
The insurance industry, which was directly affected, was also plummeting. Su Yehao's team picked many stocks for short selling. At the same time, they also increased leverage and shorted London gold with heavy positions in the futures market. They made gains one after another and made floating profits.
It soon exceeded HK$600 million.
Just when Su Yehao was looking forward to continuing to make money from the U.S. market, the thief in America... actually announced the closure of the stock market for a week.
Everyone knows that as soon as the market opens, the stock market will plummet wildly.
Facing Lao America's saucy manipulation, not only Su Yehao was dumbfounded, but people from other countries were also dumbfounded.
It was clearly the United States itself that encountered a black swan, while other markets were holding on and investors suffered heavy losses. However, it itself found a reason to say, "I'm so miserable," and directly pressed the pause button on the market, intending to wait for the panic to end.
Later, trade again.
What's even more bizarre is that there was an opportunity to make an announcement on both days of the weekend, but they waited until two hours before the New York market opened to hold an impromptu press conference.
At night during Hong Kong time.
When Su Yehao sat in front of the computer, after receiving the message and checking this urgent news, his eyes were filled with confusion.
My heart moved.
Turn on the real-time data and see that on the London futures trading market, the price of gold has indeed risen again, with a single-day increase of more than five points.
This means that he has made a lot of money again.
Different from 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.
It's almost like risking your life, the risks and rewards are extremely high.
Su Yehao knew that the market was only experiencing short-term fluctuations and could not last for a long time, so he called the trading consultant in charge of trading and asked people to start cashing out and settle down as soon as possible.
Although I feel that the price of gold will most likely rise in the next few days, after today's sharp rise, the risk has increased, and there is no need to continue to gamble. The original intention of this investment is, after all, just to make a quick buck.
The performance of the European market has given Su Yehao a lot of surprises. Coupled with the help of the old American god, the sudden announcement to suspend stock market trading this week is tantamount to adding fuel to the fire and increasing market uncertainty.
In the face of sudden risks, out of the need to avoid risks, people frantically sold currencies and bought commodities, causing markets such as precious metals and crude oil to rise sharply. London gold's single-day increase soon exceeded 5.9%.
Although when Su Yehao was building a position, the price of gold continued to rise, resulting in higher acquisition costs.
However, the size of his position was particularly large. Some institutions continued to sell, and Su Yehao continued to buy. After selling about 80% of the futures contracts at high levels, the profits he received had exceeded 70 million U.S. dollars. This was only the income from the gold futures market.
He also made a fortune by shorting British Airways and European index futures.
For a group of speculators, including him, it was a carnival.
In addition to his own side, there is also a full $500 million entrusted to Goldman Sachs Group for help. Goldman Sachs' private equity funds seem to be investing crazily in the crude oil futures market. The price trend of New York crude oil futures even exceeds the increase of gold futures.
Even Su Yehao couldn't help but feel satisfied when faced with such an industry. Unfortunately, the cakes he grabbed were too small, and they couldn't compare with the collapse of the Nasdaq index last year...
After taking a bath and changing into pajamas, Su Yehao went to bed and hugged Xiao Nizi, telling her with a smile: "I made a mistake."
"Huh? Did you lose money?"
"That's not true. I originally thought it would be very good to earn one to two hundred million US dollars. But now I'm afraid it won't be more than that. After the US market opens, I might be able to short the three major indexes. If the Nasdaq falls a little more, there will be many high-quality
The company will basically hit the bottom, and opportunities to buy the bottom will soon be released."
Su Yehao moved his hands and continued: "Where am I going to borrow another sum of money? It would be best to use the Yanwen Group's stock pledge loan. Unfortunately, the loan ratio of securities assets is not as high as that in the real estate industry. I have to contact the bank for details.
It’s clear, let’s see when the time comes.”
Nangong Tian's eyes lit up and she said excitedly: "Wow, isn't that a big profit? Let's celebrate tonight?"
I understood what she meant in seconds.
Su Yehao was silent for a moment, got out of bed, and just smiled and said: "Celebrate by yourself, I will go to sleep later. The U.S. futures exchange has not opened yet, and the price of London crude oil has risen from twenty-seven dollars to thirty dollars."
, there may be opportunities for short selling.”
Pouting and saying nothing more, Nangong Tian just asked: "Didn't you say that the price of commodities would rise before? How could the price of oil fall?"
"Because the aviation industry is in recession, it is a large fuel consumer. In addition, there is the economy. The economic performance is expected to be very poor in the short term. Oil consumption is small, and of course prices will decrease. However, this is my personal opinion and needs further study.
one time."
Su Yehao didn't pay the rent, it was indeed because he was tired. He rushed back to Hong Kong City in the morning, and then he was busy speculating and managing money.
He was already dozing off now, how could he dare to provoke Nangong Tian again.
...
Today's rate of return is enough to satisfy Su Yehao. How much he can earn from the rest is not too important.
When the panic is released, the market will most likely recover, so on the New York Futures Exchange, he has no plans to take action.
After communicating on the phone with Mr. Cantor Willis of Goldman Sachs, I learned that the US$200 million entrusted to their management had earned approximately US$40 million in the gold futures market.
Su Yehao thought for a while and asked them to cash out and suspend trading, waiting for the next notification.
The temporary plan is to look for opportunities to directly invest in Amazon. Its market value has shrunk from tens of billions of dollars to over five billion dollars left. Its cash flow is almost exhausted, and it faces the risk of bankruptcy, which scares away many people.
investor.
If you invest part of it at this time and then discuss financing with Amazon's board of directors, I believe you should be able to buy some Amazon stocks at a good price and at a low price, pledge the loan through Yanmoji Group, and use the cash to invest in it.
It is equivalent to only paying some interest, but holding more value-added assets. At the same time, it can further expand its influence in Silicon Valley and help Yanmoji Group and Google win over a potential major customer.
Previously, when Microsoft MSN Messenger acquired part of AOL's business, not many Silicon Valley colleagues came forward and were willing to speak for Su Yehao.
Knowing that Microsoft also had plans to develop online shopping, the founder of Amazon did help Su Yehao. Although it was a bit embarrassing, it was still a small favor.
Don't look at the current withdrawal of capital from Silicon Valley, which is in a state of depression.
However, as the Nasdaq index is about to hit bottom, the cold winter is almost over. When the time comes, institutions and hot money will make a comeback. The stronger Su Yehao is, the more likely he is to protect himself from the torrent. It is time to prepare in advance...