Chapter 330 Great Harvest
May 10th
ten o'clock in the morning
When the election results were announced, Mitterrand was so excited that he couldn't help singing the "Internationale" in front of the Elysee Palace.
At the same time, as the French TV media broadcast the event live, a thunderous sound exploded directly above the head of the French stock market.
In just ten minutes, the stocks of all major French stock exchanges and listed companies fell across the board, like a flood that could not be stopped no matter what.
Although everyone was prepared, the magnitude of the stock market decline still caught everyone off guard.
Seeing that the entire stock market was falling across the board, Yang Chen and several traders who came from Xiangjiang couldn't help but show excitement on their faces.
As for several French traders, they didn't know whether they should laugh or not.
Fortunately, the decline in France is only temporary. The reason why it is falling so fast now is nothing more than investors' distrust of Mitterrand.
Although this will bring huge losses to major listed companies in France, it will not cause a devastating blow. At most, it will only hurt the muscles and bones.
This time in the French stock market, there is no so-called cutting of leeks. It is all a battle between big crocodiles and big crocodiles, and then the big crocodiles work together to cut the flesh of major French listed companies.
Other small investors had already exited the market right from the beginning. No one is stupid. When predators fight, if they get close to each other with a small shrimp, they will definitely be swallowed up without leaving any residue.
In just one and a half hours, CAC 40 plummeted by 7%. The speed was jaw-dropping. The stock price of the entire Paris Stock Exchange was like Waterloo, falling crazily.
Seeing the stock price of cac 40 plummeting, Yang Chen felt extremely happy. There were still a few hours left for the stock price to fall by 20%.
In the previous life, when Mitterrand was elected president, the CAC 40 index immediately fell by more than 20%. As a weather vane for the French stock market, the CAC 40 index fell, driving the entire French stock market to fall.
It is impossible for all parties in France to remain indifferent to this kind of stock market turmoil caused by confidence issues.
Therefore, Yang Chen chose to run away immediately after making one vote.
Otherwise, once you are trapped, you won't be able to escape even if you want to. You will only need to eat the meat, and there is no need to take away the bones as well.
At lunch, Yang Chen couldn't help but eat two more bowls of rice because he was so happy.
But Laura, who had been staying close to him, seemed a little absent-minded and didn't even take a few bites of the meal.
She didn't know if it was a woman's sixth sense or something else, but she felt that Yang Chen would leave Paris soon.
In the past few days, her relationship with Yang Chen has not made any progress. Since returning from Chinatown that day, Yang Chen has not left the hotel except arriving at the bank on time every day.
She has been studying French in her room. Taking advantage of the opportunity to learn French, Laura saw what it means to be a language genius.
Yang Chen's astonishing language talent made it difficult for Laura, an authentic French Parisian, to tell that the other person could only speak a few simple words a few days ago without looking at the other person's skin color.
one o'clock noon
The Paris Stock Exchange opened on time, and the stock market continued to fall. The Paris Stock Exchange did not make any move to suspend the market, but allowed the stock price to continue to fall.
At this time, any action is in vain. Rather than causing a greater decline after the market is suspended, it is better to release this wave of torrent.
At 2:30 in the afternoon, the CAC 40 index had fallen by more than 20%, and the downward trend was no longer as obvious as before.
began to gradually weaken.
Without any hesitation, Yang Chen chose to close the position in the last half hour.
Faced with Yang Chen's order, everyone was somewhat surprised. They didn't understand why Yang Chen didn't continue to wait for two more days. According to the current downward trend, in the next few days, as long as you pay attention, there is still a certain profit margin.
Yang Chen didn't explain much about this.
As a descendant, Yang Chen knew very well how powerful the old man who was elected president was.
If the stock market plummets, it will definitely attract the attention of the other party. If the old man is not successfully elected as president, whether the stock market falls or not has nothing to do with him.
However, the current decline in the stock market is caused by a large number of investors not having confidence in him, so he has to step forward.
If he withdraws now, he can leave calmly. Once any old man takes action, it is difficult to say what will happen in the end.
Take people's money and eliminate disasters for them.
Yang Chen decided to close his position. Whatever others said, they could only swallow it in their stomachs.
In the last ten minutes, all transactions were completed, and everyone breathed a sigh of relief. Finally, several Xiangjiang traders calculated the final gains, and everyone else left the trading room voluntarily.
Next, it was time to sit in rows and divide the fruits. With such a huge harvest, Yang Chen naturally couldn't lose to them.
…
Standard Chartered Bank
Paris branch president Bill's office
Looking at the report in his hand, Bill swallowed and couldn't believe his eyes.
This time, Yang Chen's gains from the Paris stock market, excluding various taxes, have reached one billion US dollars.
In the middle, the other party only spent a few days.
In this regard, Bill felt not only admiration, but also admiration.
Everyone knows that this French presidential election is a rare opportunity that can only be met but not sought.
But there are not many people who dare to really go to the end.
And in the end, it is even rarer for someone to dare to bet on such a big deal.
Three hundred million US dollars, leveraging twenty times, if Mitterrand fails to move into the Elysée Palace, the consequences can be imagined.
This is completely a 50-50 bet, the winner will eat meat, and the loser will lose everything.
Now the winner was sitting leisurely in front of him drinking tea. Bill wiped the sweat from his forehead and didn't know when it had appeared.
He smiled dryly and said, "Mr. Yang, what can I do for you?"
He is just the branch president of a region. There are many people like him in Standard Chartered Bank, but he doesn't dare to offend a big customer like Yang Chen.
In a capital society, whoever has money is the boss. As a client of Standard Chartered, Yang Chen, in the words of some companies, is God.
Yang Chen smiled faintly and said: "I would like to trouble Mr. Bill to help me transfer a sum of money to HSBC Bank."
"Uh." Hearing this, Bill was stunned for a moment, then without any hesitation, he nodded and said: "Okay, Mr. Yang, I will handle it for you right now."
Yang Chen was talking about transferring a sum of money to HSBC, not transferring all the funds harvested this time to HSBC.
Naturally, Bill had no reason to refuse and could not refuse.
Although Standard Chartered and HSBC are in a competitive relationship, this does not mean that the two banks do not cooperate.
Bill, the president, personally handled the transfer procedure and Yang Chen didn't have to wait long, but he still had to wait a day for the funds to arrive.
Chapter completed!