Reborn in Hong Kong as a Tycoon

Chapter 185 Market Value Breaks HK$50 Billion

"I want to buy 300 shares of Hutchison Whampoa!" "I want to buy 600 shares of Hutchison Whampoa, which is 0.5 Hong Kong dollars higher than the current price!" "I want to buy 1000 shares!".
In the exchange, a large number of investors are queuing up to buy Hutchison Whampoa shares.

At the same time, there are also many people in the middle and large households who trade with more capital are queuing up to buy Hutchison Whampoa stocks, and none of the funds purchased is less than 10 Hong Kong dollars.

There are also dedicated traders on the floors where the Nakato room and Oto room are located are responsible for transactions. In the past, the transactions here were not busy. After all, there are not many people who can trade here, and they rarely happen to trade together.

But this time, after learning the truth announced by Hutchison Whampoa, everyone here wants to buy Hutchison Whampoa stocks, so naturally they need to queue up.

7 Hong Kong dollars! 8 Hong Kong dollars! 9 Hong Kong dollars! 10 Hong Kong dollars!

In less than 10 minutes, the stock price of Hutchison Whampoa broke through the price of 10 Hong Kong dollars. Many people could not buy stocks at all, and the stock price rose immeasurably.

At this time, almost no one is selling stocks, there are very few selling orders, and there are a lot of people buying stocks, so despite the continuous rise of stock prices, in fact, there are not many orders at all, and naturally there is no capacity.

It is precisely because of the small number of transactions and a large number of people buying that the stock price is pushed up extremely fast and rises rapidly.If this can be replaced by a computer, it may double the stock price in just one minute.

Retail investors are not stupid. After knowing that Hutchison Whampoa made a huge profit of 5 million Hong Kong dollars from its investment, they knew that the company's stock would definitely rise sharply, so none of them sold their stocks.

It wasn't until the stock price of Hutchison Whampoa broke through the price of 12 Hong Kong dollars, and the total market value broke through close to 50 billion Hong Kong dollars, that the selling orders began to increase, but this did not stop the pace of stock price rise.

"Go up! Continue to go up!" "Rush! Go for me!".
The stockholders holding Hutchison Whampoa stocks in their hands were so excited that it was hard to describe when they watched the stock price continue to refresh and rise.

"Sent it! I'm going to post it this time!"

Chen Baocai was trembling with excitement. Although it was a pity that he sold the 4 Hong Kong dollars stock that he covered up his position yesterday when the stock price soared this morning, he also successfully sold the original 8 Hong Kong dollar stock at a cost price of 3 Hong Kong dollars. about.

Judging from the current stock price trend of Hutchison Whampoa, it will be a matter of time before it breaks through 15 Hong Kong dollars, which means that his 8 Hong Kong dollars can be multiplied by at least five times, becoming 40 Hong Kong dollars, an amount that is more than his entire net worth .

Some people were happy and others were angry. Those who shorted Hutchison Whampoa stock, seeing the rising stock price, felt despair in addition to anger.

Especially for those who shorted below HK$5, all the funds with 5 times leverage will be liquidated, and even those who use 3 leverage will also usher in the fate of liquidation.

The short-sellers liquidate their positions, and the brokers are actually uncomfortable, because in the end, no matter what, the brokers have to buy the stocks back from the stock market.It’s okay if the short-selling person has money, no matter what, let the other party buy the corresponding number of stocks. How much it loses is the business of the short-selling person, and has nothing to do with the brokerage.

But if the short-seller has insufficient assets, he will not have much money after liquidation, and if the remaining money is not enough to buy a sufficient number of stocks, he will go bankrupt. The brokerage company can only pay for the debt first, and then go to the bankrupt person to ask for the debt.It's okay if you can get the money, but if you don't, then this account is a loss for the brokerage.

At twelve o'clock, the early trading ended. Hutchison Whampoa's stock price closed at HK$14.25, with a total market value of HK$57 billion.

In the big VIP room.

The employee in charge of the transaction reported to Feng Jinxi: "Mr. Feng, we bought a total of 3 million shares in the range of HK$6 to HK$420 in the stock price of Hutchison Whampoa in the morning. The cost price was HK$4.8, which cost a little more than HK$2000 million. Later The stock price soared, and there were hardly any stocks bought between HK$6 and HK$10, and then there were gradually sell orders, but the quantity bought was not much, only 60 shares, and the cost price was HK$13.2. Nearly 800 million Hong Kong dollars."

"That is to say, I spent 2800 million Hong Kong dollars in the morning, but only bought 480 million shares."

Feng Jinxi's face was very ugly, let's not talk about the 2.2 million Hong Kong dollar option short order, but they later sold 3 million Hong Kong dollars in securities at a price of 4000 Hong Kong dollars in order to smash the market. This is more than 1300 million shares, and now they have spent more than half of it. Funds only bought about one-third of the number of stocks.

And most importantly, the stock price of Hutchison Whampoa will continue to rise in the future, and the cost of buying stocks will only increase. I don’t know how much it will cost just these 1300 million shares, let alone the 2.2 million Hong Kong dollars. options are empty.

Niu Bijian said solemnly: "This time we have lost a lot!"

"Damn it!"

Bob swung his fist fiercely. If he didn't have something in his hand, he would have to smash something.Among all the people, he lost the most, because he originally held 5% of Hutchison Whampoa's shares, but sold them at a low price, and now he still faces huge losses from short selling.

Li Jiacheng's expression was also not good. Although his loss was the least among the four, it seemed that it must be a large sum now, so big that it made him feel heartbroken.

"Mr. Niu Bijian, I would like to trouble you to contact the Japanese Iwasaki Mineryu. It is best to negotiate a price with him to close the short order. This is the big deal."

Feng Jinxi told Niu Bijian that if they couldn't agree on the price to close the short order with Mineryu Iwasaki, then they had to buy a corresponding number of stocks in the stock market and hand them over to Mineryu Iwasaki on the delivery day.For an empty order of 2.2 million Hong Kong dollars, the exercise price is 6 Hong Kong dollars, and more than 3660 million shares need to be purchased. Based on today's stock price, it has exceeded 5 million Hong Kong dollars.

What's more, Iwasaki Mineryu is definitely not stupid, it is impossible to deliver at the current price, and the price they need to pay will only be higher.

Fortunately, this is divided equally between the four, otherwise what they think about now is not how to close the empty order, but how to run or decide whether to jump off the building.

"I will go to him again, but I don't think he will accept an exercise price lower than HK$20."

Niu Bijian nodded. In fact, he was in the best situation among the four, because it was Jardine's funds that were lost, not his own.Although in this way he will definitely not be able to be the chairman of Jardine and may even face a lawsuit from Jardine, but the loss in terms of money is not a lot.

With their energy, they naturally found out over the weekend that the opponent of their short order was Iwasaki Mineryu, a member of the Iwasaki family who controlled the Mitsubishi Bank in Japan. They also approached Iwasaki Mineryu to discuss the delivery, but Iwasaki Mineryu Refused, not even a specific price was given.

(End of this chapter)