章節 1452: Chapter 1452: Amazing Floating Losses! (Part 2)
Early on Tuesday morning, the Hong Kong Stock Exchange opened for trading again.
The exchange was packed with people, and amid the laughter and screams, the market once again began a trend of soaring prices across the board.
At the close of trading in the morning, the stock price of the representative Jiuding Real Estate Development Co., Ltd. had already skyrocketed to 53.18 Hong Kong dollars per share, and the company's market value reached 53.18 billion Hong Kong dollars, basically returning to its previous normal level.
The Hang Seng Index also rose due to the overall market trend, gaining another 438.5 points to reach 3071.3.
However, Xia Yu still refused to give up. He continued to trade in the afternoon, and by the time the market closed, the Hang Seng Index had risen to 3528.9.
Throughout the afternoon, the Hang Seng Index had risen by a cumulative 896 points. Although this was not as impressive as yesterday's rise of more than 900 points, it was still quite a lot.
Although the overall market was rising at an alarming rate, the trading volume for the whole day was extremely low, and almost no one was selling their shares.
In this situation, even a fool knows that they should just sit back and win, so why would they choose to sell?
During the most difficult time before, the Hang Seng Index had dropped to more than 1,600 points, and the market value of almost all companies had shrunk by more than half. Those investors had gritted their teeth and not let go of their stocks, let alone now?
For these investors, at this time, they were brainless bulls, and some even shouted the slogan 'Rush to 5,000 points'.
In short, this situation makes long positions like Xia Yu very happy. Xia Yu has already set a goal for his subordinates: to bring the Hang Seng Index back to its pre-crash peak on Wednesday!
Xia Yu and the others are happy, but the short positions are going to be bleeding.
It's just like Terence Warburg, who is still in Hong Kong and did not participate in the short position rally.
'Chairman, this is the current situation of our overall investment returns,'
The secretary of the Hong Kong branch of S.G. Warburg Company carefully handed over the summary of the statistics to Terence Warburg.
Since yesterday afternoon, the bulls have been fighting a losing battle. As the entire Hong Kong stock market skyrocketed, the floating profits belonging to S.G. Warburg Company continued to shrink.
Terence Warburg's face never showed a smile, and it was always a dead face.
Especially at the close of trading in the morning, when he saw that the share price of Jiuding Real Estate Development Co., Ltd. had risen to HK$53.18 per share, Terence Warburg was so angry that he smashed his ashtray.
'Bang!'
He picked up the summary results, quickly scanned the data, and the worse his face looked the more he looked at it, until his gaze locked on the situation of the stock of Jiuding Real Estate Development Co., Ltd. He couldn't hold back anymore, and slapped the desktop heavily, scaring the secretary next to him.
It said: short selling scale, 147.5 million shares, total recovered funds 5.81585 billion Hong Kong dollars, average selling price 39.43 Hong Kong dollars per share, the latest closing price of the stock is 64.19 Hong Kong dollars per share, total income is -3.65218 billion Hong Kong dollars.
Jiuding Real Estate Development Co., Ltd. is the largest shorted stock by S.G. Warburg, equivalent to a quarter of the company's shorting in this operation.
Terrence Warburg was hoping to make a killing on this stock, and the previous maximum floating profit had reached a high of 2.65 billion Hong Kong dollars.
However, this profit vanished in less than two days, and the profit turned into a loss of up to HK$3.65 billion!
The difference between these two figures is as high as HK$6.3 billion!
And in the entire investment, the previous maximum profit reached HK$10.27 billion, equivalent to US$1.68 billion!
But now this income statement shows that the overall income has become -HK$2.94 billion.
Although there are still some projects that are temporarily profitable, the overall result is a loss, and the stock of Jiuding Real Estate Development Co., Ltd. is the main source of losses.
This also means that the huge sum of HK$21.64 billion recovered from selling these stocks is currently not S·G·华宝's money, even though it is sitting in S·G·华宝's account. S·G·华宝 may even have to pay HK$2.94 billion back.
Of course, the prerequisite is that the corresponding amount of shares can still be bought.
As far as the current situation is concerned, Terence Warburg knows that the floating loss is definitely more than HK$2.94 billion, and how high it can reach depends entirely on how far the bulls want to push the stocks that are shorting their company!
Anyway, as far as the current stock market is concerned, Terence Warburg is at his wit's end. S.G. Warburg is like meat on a board, and it can only be slaughtered at the mercy of the bulls.
If they want to turn the tables, they must follow the plan and start with the foreign exchange market, collapse the foreign exchange system of Hong Kong, and then affect the Hong Kong stock market, and once again collapse the Hong Kong stock market!
Thinking of this, a sinister look flashed in Terence Wolfberg's eyes.
...
Wednesday.
Under the full exertion of the bulls, the entire Hong Kong stock market, the Hang Seng Index, was lifted to 4452.6, an increase of 26.17%.
The total market value of the entire Hong Kong stock market returned to the scale of 2 trillion Hong Kong dollars!
The pressure on all short positions has once again skyrocketed. In order to avoid liquidation, many short positions have to make additional margin calls.
The Rothschild family, which has suffered the most from the floating losses, has reached 13.48 billion Hong Kong dollars!
Of course, this data is only known internally, and Evelyn Rothschild is keeping it under wraps, not daring to leak it for fear of causing panic among investors and triggering a liquidity crisis at Rothschild Investment Bank.
At this point, Evelyn Rothschild's belief in destroying the Hong Kong foreign exchange system became even stronger.
Only in this way could he completely turn the tables!
Fortunately, he had successfully convinced Bear Stearns, Lehman Brothers and Goldman Sachs over the past two days.
Other allies also successively pulled some institutions onto the chariot of destroying the Hong Kong foreign exchange system!
...
Early Thursday morning, an institution led by Jiuding Securities continued to prepare for the attack and started to aggressively sell Hong Kong stocks.
But just then, he received a call from Wang Qi. An institution was attempting to short sell Hang Seng Index futures on a large scale. Hang Seng Index futures had a high trading volume, and this news came as a big surprise to Xia Yu.
Given the current situation, everyone could see that the Hong Kong stock market was set to rise, and the Hang Seng Index would definitely rise.
At a time like this, short selling Hang Seng Index futures was like a suicider hanging himself.
Which institution would be so stupid?
Xia Yu immediately asked Wang Qi to take the lead and mobilise all forces to investigate the situation.
Soon, a series of short positions were identified.
When this list came out, Wang Qi was also shocked.
Because without exception, the list was full of internationally renowned financial institutions, the five major investment banks on Wall Street, with the exception of Morgan Stanley and Merrill Lynch, Bear Stearns, Lehman Brothers and Goldman Sachs were all on it.
The pressure of this gang-up was unparalleled.
Wang Qi hastily left the affairs of Kirin Capital and handed the list to Xia Yu.
After reading the list, Xia Yu frowned, and after pondering for a long time, it seemed that he had thought of something, his eyes flickering.
At this time, Wang Qi, who had been racking his brains without any results, observed Xia Yu's change in expression and couldn't help but ask, 'Chairman, do you know why they dare to do this?'
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