Tao Liangchen

Chapter 866 Rounding Down

Su Yehao had indeed invited Nong Qingying, but she didn't want to come.

It was fine to hang out occasionally, but living together would inevitably lead to some conflicts. Although she was slightly tempted, Nong Qingying ultimately chose to stay in the mansion on Barker Road.

It would still take some time to completely control the situation, and sporadic outbreaks would probably be difficult to avoid.

Tang's mother's several Berg hospitals were all on high alert, and they had encountered three patients in just two days.

According to Su Laodie, the foot traffic at the Shenzhen Sihai International Shopping Center was less than a fifth of what it used to be. Su Yehao suggested waiting for a while and then waiving the rent for the merchants for two or three months to build up the reputation of their own mall.

The Kai Tak · Sihai Shopping Center had only been open for more than two months.

In recent days, foot traffic had also sharply decreased. Faced with a disease with a fatality rate of more than ten percent, people were frightened for a while. Even the usually lively Lan Kwai Fong bar street had become empty. The departure of a large number of tourists led to a surge in air ticket prices, which also led to some sporadic cases in other places in the following days.

Over in Europe and America...

The songs still played, and the dances continued.

The ambition to provoke disputes was already plain as day. Many cities began to protest the war, but in the end, the arms couldn't twist the thighs.

Su Yehao consciously worked from home for the tenth day.

That is, on March 30th, the Americans really took action.

He had originally hoped to make a quick profit and run.

In the past two months, oil prices had risen by more than six dollars, especially the surge in the past week, which had brought Su Yehao a paper profit of more than 560 million US dollars.

However, to Su Yehao's surprise, after the news came out, oil prices actually plummeted from a high level. Hedge funds and big speculators took advantage of the realization of expectations and massively sold off, triggering a collapse in oil prices.

Although the managers reacted in time and quickly sold their long positions and turned bearish, they were ultimately unable to do so in time.

Because the positions were scattered across several exchanges.

When oil prices plummeted, some exchanges were not in trading hours, so they could only operate in the New York Futures Exchange. The others could only fall inertially, hedging risks by increasing short positions.

In just over ten hours, Su Yehao experienced what it was like to go from great joy to great sorrow. The floating profit suddenly shrank from more than 500 million US dollars to only 140 million US dollars.

If he hadn't sold quickly and bought short positions to hedge, he might have lost money...

Another day passed.

By the time he quickly cleared his positions and cashed out, he only had more than 80 million US dollars left.

Rounding it off.

It was almost like working for nothing, wasting time and emotions.

Su Yehao couldn't sleep in the middle of the night, so he held a meeting with the employees in the three assistant offices to predict the future trend of oil prices.

He clearly remembered that this incident caused international oil prices to soar to an exaggerated number, and it had appeared on exam papers many times.

However, seeing oil prices plummet, Su Yehao was not sure if he had misremembered.

At this moment.

He was sitting in front of the computer. The squares on the screen contained Feng Tiancai, an international financial analyst named Cao Fengming, and a trading manager in charge of trading, named Lin Zhenglang.

The three people opposite him were all wearing suits and leather shoes, while Su Yehao was wearing black silk pajamas, which felt very smooth and comfortable to the touch.

He failed to seize the windfall.

This made Su Yehao a little depressed, and he asked, "Tell me, why did oil prices plummet so quickly?"

Feng Tiancai didn't know how to read people's faces, so he said directly:

"The previous rise in crude oil prices was largely due to uncertainty. As expectations were realized, coupled with the sluggish US economy, large orders were smashed, which led to the sharp drop in oil prices. Also, the strength of the two sides is too different, and people don't think the chaos will last too long, but it will ultimately have some impact, so there may be a rebound opportunity in the short term."

Now it sounded like he was just stating the obvious after the fact.

However, someone had indeed advised Su Yehao to hedge before, but he thought about running away as soon as he got the news, so he didn't take it to heart.

Who would have thought that others thought the same way? The bulls had the advantage before, and everyone rushed to sell,根本没给苏业豪跑路的机会。

Fortunately, Su Yehao had enough funds and did not go all in on long positions. He also had funds to diversify risks, otherwise he would have been trapped, and the loss would have been at least 600 million US dollars or more.

Now it was considered good luck to have more than 80 million US dollars in profit left.

The financial analyst surnamed Cao, who was almost fifty years old this year, had a slightly large face and wore black-rimmed glasses, told him at this moment:

"The crude oil futures market is ever-changing. My suggestion is to slow down and wait and see for a few days. It is easy for the Americans to defeat the other party, but the chain reaction that will be generated will still be reflected in oil prices. The medium- and long-term expectation of rising prices has not changed, but it is best to bet on both sides to reduce risks."

Su Yehao had no reason to shirk responsibility.

The previous floating profit of more than 500 million US dollars made him a little carried away, so he didn't think about hedging risks.

He said listlessly, sighing, "It's really difficult for people to earn money beyond their own knowledge. Even a sure win can be lost. The main reason for this incident is my own fault. Many projects are short of cash injections, so I was a little anxious."

Lin Zhenglang, who was in charge of trading, secretly breathed a sigh of relief when he saw that Su Yehao didn't shirk responsibility.

His internet connection was a bit laggy, and his head flickered on the screen, and his voice couldn't keep up with the opening and closing of his mouth. He said, "Actually, there is also good news... The foundation of the US petrodollar has been consolidated, further laying the foundation for its own strength. Nasdaq rose sharply by 3.12% today, mainly because funds flowed back into the US stock market again to avoid risks, which is likely to be the beginning of the next round of tech stock bull market."

Feng Tiancai really didn't know how to read people's faces, and said to himself, "It's true that Nasdaq rose, but if there were no accidents, we could have earned an extra 500 million US dollars."

Lin Zhenglang's expression was very awkward when he heard this, but he followed Su Yehao's instructions, so the responsibility was not too great.

He only heard Feng Tiancai continue to say, "I will study it recently and convene a team to make a prediction. The good thing is that crude oil prices have once again fallen to a reasonable price, and the possibility of rising is still very high. It is indeed a good investment area."

Su Yehao took out 1 billion US dollars in principal, but the actual amount used was not that much.

Calculating it, it took about two months to earn more than 10% in return, which didn't seem too bad, but it was the loss of a windfall that made him feel bad.

After looking at the oil price trend, Su Yehao made a decision and replied, "Forget it, instead of betting on oil in the short term, it is better to go long on Nasdaq. I will look for other speculative opportunities. Let's call it a day for today."

After chatting for a few simple sentences, he exited the video software.

Flipping through the Nasdaq component stocks, it felt pretty good. Since making a quick buck in the short term had become a luxury, he could only continue to be patient and spend more time to re-layout.

It was after twelve o'clock in the middle of the night. Staying at home had messed up his biological clock, and he was not sleepy yet. He went downstairs to burn incense for the Jadeite carved God of Wealth, murmuring that he shouldn't have neglected the old man recently.

Su Yehao quickly put this matter behind him and was thinking that after nearly two weeks of control, it shouldn't be too much of a problem to go out and wander around, avoiding the crowds.

He couldn't just stay at home until the end of the trouble, wouldn't that be cutting off one's nose to spite one's face...