The Great Sage Returns from Ten Years of Imprisonment
Chapter 244 The Mad Market
At 2 p.m., the Japanese stock market closed down 4.25%, while the South Korean stock market fell by more than 5%.
Following closely behind the opening of European stock markets, they opened lower and continued to decline rapidly and smoothly.
The speed and magnitude of the decline in European stock markets were far more dramatic than those in Asia-Pacific stock markets.
Seeing that the European financial markets offered no resistance, panic in the international financial markets immediately amplified exponentially.
Countless investors and institutions accelerated their selling, fearing they would fall behind others or even suffer margin calls and lose everything!
As the sell-off rapidly swept across the international financial markets, global stock markets began to decline at an accelerated pace.
It's like dominoes falling one after another, quickly becoming unstoppable, heading straight for the largest domino.
Needless to say, the biggest domino is the US stock market.
Amidst the commotion, it was already past seven in the evening.
After having dinner at the designated restaurant downstairs, Lingyun and President Chen returned upstairs together, chatting and laughing.
Just as I entered the office area, Chairman Zhao suddenly called.
Ling Yun took out his phone, glanced at the caller ID, and then said to President Chen and the others:
"I'm going back to my office to take this call. You guys go to the conference room first, I'll be there soon."
Mr. Chen and his colleagues naturally had no objections and nodded with smiles.
"Okay, let's have some tea and rest in the conference room for a while, and then discuss the harvesting plan for tonight later."
Ling Yun smiled and nodded, then walked briskly toward the office by herself.
Upon entering the office, he quickly answered Chairman Zhao's call.
"Chairman Zhao, has something gone wrong with the betting agreement with Goldman Sachs and Barclays?"
As soon as he finished speaking, Chairman Zhao's voice came through the phone.
"That's right. Seeing that things aren't going their way, the guys at Goldman Sachs and Barclays are getting a little anxious!"
"From this morning until now, executives from Goldman Sachs and Barclays have been trying to contact Wang Mian and his team, and have even sent people to stake out their Hong Kong branch."
"But Wang Mian and his group never showed up, claiming they were in a meeting on the mainland and wouldn't be able to get back to Hong Kong Island until the evening. At that time, they were in Kowloon, across from Central."
"They won't be able to cross the harbor back to the Hong Kong Island branch until around 9 p.m., and that little time left is simply not enough to terminate this stock index option betting agreement."
Hearing this, Ling Yun couldn't help but chuckle.
"This arrangement is excellent. It's entirely conceivable that when Wang Mian and his team return to the Hong Kong branch, the executives at Goldman Sachs and Barclays will be furious enough to vomit blood when they see them."
"But there is one thing we need to be careful about: to prevent Goldman Sachs and Barclays from taking revenge on Wang Mian and his associates after their bets failed, we must strengthen their protection from now on."
"If necessary, I can contact SZ to report the situation and get the relevant departments of the Liaison Office involved. Also, after the results of the betting agreement are released, I can have my legal team handle the settlement."
Chairman Zhao was stunned for a moment, somewhat unable to react.
He responded after three or four seconds.
"Goldman Sachs and Barclays wouldn't be so underhanded, would they? With the outcome already decided, would they really retaliate?"
"Heh, we have to abandon all illusions about those bastards on Wall Street; there's nothing they're incapable of doing."
Ling Yun shook his head with a cold smile.
As he said this, he recalled the case from his previous life where Huipu had wiped out the entire family of a British conman.
If Goldman Sachs uses such tactics, it would not be surprising at all!
Hearing Ling Yun's confident words, Chairman Zhao also began to take this issue seriously.
"Okay, I'll call Wang Mian later and have them raise the security level immediately."
"If I really need the Liaison Office's help, I will call you again."
After finishing that, he changed the subject.
"Goldman Sachs and Barclays couldn't get in touch with Wang Mian and his team, and they were very eager to do so, so they set their sights on our headquarters."
"Goldman Sachs headquarters contacted a high-ranking official in Shanghai's financial system through the economic counselor at the US consulate in Shanghai, and asked that person to contact us."
"This deputy director just called me and said that senior executives at Goldman Sachs want to get in touch with us to discuss this stock index options betting matter."
"From the message Goldman Sachs sent through a middleman, it's clear that Goldman Sachs sensed something was wrong and wanted to cancel this stock index options bet to avoid even more staggering losses..."
Upon hearing this, Ling Yun's expression instantly froze.
After Chairman Zhao finished explaining the situation, he immediately responded with a cold smile.
"Is this high-ranking official in Shanghai's financial system biased? It seems necessary to report this situation to the authorities."
"As for how to deal with Goldman Sachs and Barclays' demands to withdraw their stock index option betting, it's the same old method: drag it out until those bastards are worn out..."
Before he could finish speaking, Chairman Zhao on the other end of the phone burst into laughter.
"Haha, just as I thought, this delaying tactic is incredibly effective!"
Ten minutes later, Ling Yun left the office and went to the conference room next door.
When he entered the conference room, Mr. Chen and the others were drinking tea and chatting, and the atmosphere was quite relaxed.
Because of the dramatic market volatility caused by today's super black swan event, Chairman Lou, General Manager Wang, and General Manager Sun all came over and are chatting with everyone.
Several large-screen TVs hanging in the conference room were showing financial news on some screens, and real-time quotes from European stock markets and other sub-sectors of the financial market on others.
Looking around, the stock markets in various European countries are all in dire straits, with each country experiencing a more dramatic drop than the last.
Behind such a staggering drop, heaven knows how many investors and institutions have lost everything, and some have even lined up to jump off rooftops!
As Ling Yun entered, everyone immediately turned to look at him.
The next second, Chairman Lou pointed to a large-screen TV hanging on the opposite wall and joked:
"Lingyun, the stock markets in European countries have plummeted beyond recognition, with most falling by more than 6% and still continuing to decline. This is far more dramatic than the Asian financial markets today."
"In your opinion, when is the right time for our team to close out our positions? If I were in charge, I would have ordered the positions to be closed out as soon as major European stock markets fell below -3%."
"In this respect, few people can remain as unmoved as you! And what do you think the US stock market will do when it opens tonight? When should we close our positions and exit the market?"
With these questions, everyone looked at Ling Yun with great interest.
"You flatter me too much, Chairman Lou. I am unworthy of such praise."
Ling Yun smiled and exchanged a few polite words.
He then glanced at the stock market trends in various European countries and confidently gave his answer.
"Based on the analysis of the trends in major European stock markets, and combined with the impact of the opening of the US stock market, once the decline in major European stock markets exceeds -8%, we can close our positions and exit the market."
"The US stock market is larger and has more serious problems. Tonight's drop will definitely be dramatic. If the Dow Jones Industrial Average falls by more than 6%, we will immediately close our positions and lock in profits from this short selling..."
One stone caused a thousand waves!
The two liquidation lines he gave startled everyone.
"My God, all major European stock markets have fallen below -8%, and US stocks have dropped by more than -6%. This is a sign of a market crash!"
"Wow! No wonder you called today a super black swan event; this kind of plunge is truly terrifying!"
Amidst gasps of surprise, everyone became even more excited.
They're all eager for a good show, hoping the US stock market will open and crash immediately!
In that case, numerous state-owned asset teams, including the United Securities investment team, could reap profits again with impunity!
In the blink of an eye, it was already around 8:50 pm.
Thousands of miles away, on Hong Kong Island.
Bathed in the gentle sea breeze, several vans emerged from the Cross-Harbour Tunnel and headed straight for the brightly lit Central district.
Just then, four SUVs parked at the tunnel exit suddenly started their engines and quickly followed.
In a short while, they had quickly approached several commercial vehicles.
Upon witnessing this scene, the senior executives of Yuanda Hong Kong Island Branch, sitting in several commercial vehicles, all felt a chill run down their spines.
"Mr. Wang, what's with those SUVs outside? Could they be from Goldman Sachs? What are those foreign devils up to?"
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