I'm in the county town, and you say I'm a big shot?

Chapter 672 Plunge! Plunge! Plunge everywhere!
Ouyang Shaoqiang got up in the morning, ate breakfast, and drove to his company in Central Plaza. On the way, he turned on the car radio and tuned it to FM 106.8 MHz, which is the TVB Financial News Channel, Hong Kong's only 24-hour financial news platform.

Ouyang Shaoqiang has a habit of listening to the latest financial news while driving to get first-hand information.

When he heard the news, he was stunned for a second before he came to his senses.

Oh my god
The central parity rate of the RMB against the US dollar was lowered by 1136 basis points in one go!
The stock and futures markets are at an unknown depth!
He immediately put on his Bluetooth headset and called Vasilisa: "Vasilis, have you seen the latest exchange rate reform announcement from the central bank?"

"I saw it! My God, it's down 1.86%! We've made a fortune going long on USD/CNH, haha!"

"Don't focus on that, pay attention to LEM copper futures!" Ouyang Shaoqiang reminded him.

"I'm watching. The market hasn't even opened yet, but there's a ton of news online saying that metal futures, including copper, will plummet this time!"

"Proceed according to the plan, and we must hold the resistance level!"

"OK!"

Employees of Tuofang Technology's branch offices rushed from all corners of the city to the Central Building.

Not only the Tuofang branch, but all the financial companies in the Central Tower have sprung up!
Hong Kong's financial sector has mobilized.
The investment communities both in mainland China and internationally have all sprung into action!

The Hong Kong and Japanese stock markets opened first, with the Hang Seng Index and Nikkei Index plummeting at the open, and the yen appreciating as a safe-haven asset.

South Korea's KOSPI and Singapore's Straits Times Index also fell.

U.S. stocks (S&P 500, Dow Jones, Nasdaq) fell!

Of course, Ouyang Shaoqiang was more concerned about the LME futures market. When he arrived at the company, he immediately went to the company's investment operations department, where the large screen in the room displayed the latest market information from major stock and futures markets.

At 9:00 AM sharp, the LME opened, and as expected, the copper futures main contract ACD fell sharply!

Ouyang Shaoqiang remained silent, staring at the screen with Vasilisa, while several traders nearby were also watching their own computer screens and making their own trades.

Not only in Hong Kong, but also in Shanghai, Beijing, Tokyo, New York, and London, people with different thoughts were staring at the screen.

London.

At the headquarters of Red Kite hedge fund, Michael Farmer and David Lilley were watching the big screen, coffee cups in hand, chatting and drinking coffee with great interest.

"The current price of CAD is $4350. Will it be able to break through the $4200 mark today?" David said.

Michael shook his head and pointed to the chart on the screen: "$4300 is a support level; the bulls will put up a fight here."

David laughed heartily upon hearing this: "Are there still any major bullish players? Those Chinese companies have already heavily invested, and they're probably struggling to pay up their margin to avoid being forced to liquidate, right? And they're organizing a resistance?"

"We can't be too optimistic."

David disagreed: "Then I'll prove it with facts!"

Copper futures prices quickly fell to 4300 yuan, and the two soon noticed large buy orders appearing on the trading screen!
5000 hands!
$5375!
This large order, like a giant hand, quickly pushed the price down to around $4300.

As expected, some people resisted!

"Which company is this? How dare they accept this 'throwing knife'?" David exclaimed in surprise. "Investigate the origin of this huge order immediately!"

The trader started working on the computer, and David continued to stare at the screen. Another large order of 5000 lots appeared, as if a wall was being built around 4300 yuan to withstand the onslaught of short sellers.

"Sir, we've traced the large order's IP address to Hong Kong," the trader immediately reported. "But our system can't pinpoint the specific company."

David listened and whispered to Michael, "Use our informants within the LME. I want to find out which company has the audacity to do this!"

Investment banks and fund companies like these have planted their own informants in the LME, using unconventional methods to transmit data.

Michael nodded, walked out of the trading room, took out his phone and made a call. Two minutes later, he came back in and whispered to David, "From Topway Technology Hong Kong Branch."

David was taken aback. When did such a company appear? He'd never heard of it before.
“I’ll check.” Michael hurriedly left the trading room again, and came back in ten minutes later with a strange expression: “I found it. This company mainly engages in foreign exchange, stock and futures trading, but it has always been based in the Japanese and American securities markets. The legal representative of Tuofang Technology’s headquarters is Bai Ou, a Chinese woman.”

"Oh."

"I checked the resume of this woman named Bai Ou. Do you know whose wife she is?"

"Who?"

"Fang Qingye!"

"Fang Qingye, why does that name sound familiar?" David wondered.

"The name of the president of Jinghai Bank appeared on the list of attendees at a secret meeting of the International Copper Forum held in western China a month ago!"

David suddenly realized: "So that's it! That's why Fang Qingye attended that meeting; he's also an investor!"

"Yes, and what's even more unexpected is that he actually stepped in at this crucial moment!" Michael exclaimed.

"What are you afraid of?!" David grinned maliciously. "I don't believe his family alone can withstand this!"

"Sir, another big order has arrived!"

Sure enough, a huge order of 10000 lots suddenly appeared on the screen!

This time, without David's instruction, the trader immediately started checking on the computer again.

"This time it's from Shanghai in mainland China."

David's expression changed upon understanding the trader's words.

1 lots, $1.075 million!
Yet another company has emerged that welcomes flying knives!
Fang Qingye in Nanxin also discovered this large order.

Today, it was pouring rain in Nanxin. Fang Qingye sat in his office at Jinghai Bank, drinking tea and looking at the LEM copper futures spot market.

Upon seeing this sudden order of 1 lots, Fang Qingye immediately thought, "Shi Guangrong's company?"

Sure enough, Fang Qingye's WeChat pinged, and when she opened it, she saw that it was a message from Shi Guangrong.

"Qingye, I've poured all my money into this one go. My mission is complete. Time to go fishing, haha!"

This guy.
Fang Qingye smiled and replied, "Don't become the Air Force Commander."

Throughout the morning, bulls and bears fiercely battled around the $4300 resistance level, causing a surge in LEM copper futures trading volume.

Unlike domestic copper futures, LME trades all day. Around noon, trading volume begins to decrease, and both bulls and bears cease their efforts. But Fang Qingye knows this is just a brief respite in the storm.

The short sellers this morning were mostly small retail investors following the trend; the real major short sellers haven't appeared yet!

During lunch, Ouyang Shaoqiang from Hong Kong called Fang Qingye: "Boss, we've already invested $2 million this morning."

According to the earlier plan, Fang Qingye was prepared to invest US$5-6 million, totaling HK$35-42 billion, which is the largest amount of funds that Topway Technology's Hong Kong branch can currently use.

After all, a portion of the funds are used to purchase foreign exchange, gold, bonds, time deposits, etc., which cannot be cashed out immediately.

But in just one morning, they spent 2 million!

"Don't worry, as long as we get through today, there's nothing to fear. If it's not enough, just call me anytime, and I'll have the headquarters in Shanghai allocate funds!" Fang Qingye reassured her.

On the other end of the phone, Ouyang Shaoqiang hesitated, as if he wanted to say something but couldn't.

(End of this chapter)