"In the first round, 10,000 lots were sold." Tanabe, a senior trader sent by Sumitomo's headquarters, glanced at Dorph Matsumoto. The 10,000 lots of crude oil are worth more than 140 million. Although it is not much more than Sumitomo's own heavy positions, it is also the holding volume of a large retail investor.

Dorf Matsumoto nodded, while focusing on the scenes on the trading pool and the electronic screen.

He decided to close his position, but he still prepared to stop at any time.

Ten thousand hands of crude oil were put into the market and quickly disappeared.

With the existence of Pan Asia Fund, the extra crude oil is easily eaten.

One minute later, Sumitomo Trading Company continued to sell crude oil.

Oil prices remained at $14.20, dynamically stable.

At this price, Pan Asia Fund will make two or three dollars for every barrel of crude oil closed, while Sumitomo Corporation will lose more than $2.

Seeing the position slowly dropping, the Pan Asia Fund's office was filled with tension and excitement.

The operation room of Sumitomo Trading gradually disappeared.

Matsumoto's head turned desperately.

Logically speaking, when Pan Asia Fund began to buy crude oil in the trading pool, the crude oil price naturally tended to rise.

In fact, the closing behavior of Pan Asia funds, as big short sellers, is entirely possible to cause a tsunami-like surge.

However, everyone must be sure that it really needs to close the position, not to lure it. Otherwise, if a wrong judgment, it may be difficult to extricate itself and lose a lot of losses. A typical example is the Chinese stock market. There are always many people who have learned the stock market technique of half a bucket of water, and then buy whatever they buy and sell what they sell and rise, and are harvested by the dealer in a round.

In the eyes of many traders on the London International Futures Exchange, the Pan-Asian Fund, which earned at least tens of billions of dollars, is definitely a cunning opponent.

The trick of cheating fat sheep into entering the market is carried out by Pan Asia Fund, and they are not surprised at all.

The existence of the vulture Milton is also a deterrent. The reason why this guy is called a vulture is that he often eats and doesn't even let go of the corpse.

When the vulture stands in the trading pool and shouts to buy, traders always have to think about it for a while.

At this time, Dorph Matsumoto, the head of the giants, had two choices. He took the opportunity to sell crude oil to avoid a more tragic situation, or continued to persist, expect the upward trend of crude oil to become a real rise, and then he escaped without hesitation.

The latter's procedures are obviously complex and have huge risks. The former is naturally easy to use, but it is destined to be the end of Tongjia.

If it were Hirano Hidetoshi, out of his own ideas and the idea of ​​giving up, he might continue to choose to persist and wait. In this way, the situation will probably continue to be stalemate.

But Dorph Matsumoto is different. After he took over the financial sector in London, the price of crude oil fell a little, but it could still be pushed to Hidetoshi Hirano. However, if the time goes on, the losses after taking office will become his responsibility. Instead of taking the huge risk to excuse Hidetoshi Hirano, Dorph Matsumoto would give up his plan to make meritorious contributions.

However, it takes courage to bear losses.

After closing positions above US$14, Sumitomo will inevitably lose between US$4 billion and US$5 billion. Although it is not the biggest loss in Sumitomo's history, US$4 billion is comparable to the annual profits created by tens of thousands of employees of Sumitomo and 300 billion assets.

Domo Matsumoto observed the scene in the trading pool, hoping to find a trace of flaws.

Everything looks weird and normal.

Sumitomo's traders sell, and Pan-Asian Fund traders buy.

The bulls and bears had a tacit understanding of each other, and who would have thought that just a few minutes ago, they were still fighting fiercely.

Inside the Pan Asia Fund’s office.

Most of the people were busy, but only Yang Jingshan, a further study official from France, had no one to care about it, no one to accompany him and do nothing.

He felt the solemn atmosphere and rubbed it around in a hurry. Zi finally couldn't help asking, "What should I do now?"

Except for him, only Su Cheng was an idle person. He took his eyes off the electronic screen, and took his eyes off the rest of his eyes and smiled and said, "Let's see if Sumitomo closed his position or tempted him, wait."

"It's better to test or close the position?" Yang Jingshan also had a scruple. If Su Cheng said test is good, it means he still has the confidence to lower the price. If it's better to close the position, it means that the Pan-Asian Fund has little remaining strength.

However, Su Cheng smiled and said nothing, and turned his gaze back to the electronic screen.

Yang Jingshan was so disappointed. But facing Su Cheng, he really didn't have the right to give someone a certain answer.

"Electronics, there are 2,000 orders sold." A junior trader shouted.

"Check it." Without Su Cheng's order, Qi Xiao followed the process.

"Artificial plate. Sumitomo sold 10,000 lots." The junior trader on the other side yelled again.

This time, without Qi Xiao’s words, Milton below will do it himself.

Su Cheng nodded slightly and said, "The amount sold is not small."

A transaction worth hundreds of millions of dollars cannot be considered a small amount on any exchange in the world, which also means that Sumitomo Trading Company really has the intention to close its position.

Not only did he have such an idea, but it was probably obvious that it was allies such as Sumitomo's ally.

Now, the army of multiple institutions was immediately filled with suspicion.

Sumitomo Trading Company's actions can be seen as a test of Dahua Industrial or as a surrender action of Sumitomo.

It was like a defeated dog, with a belly exposed.

When any interpretation is possible, many parties will naturally fall into a game of prisoners' dilemma.

For gentlemen from many parties, if they hold on together, the losses will definitely be smaller than direct surrender, but if one party escapes first, the guy who stays behind will have to bear more losses.

If it is an old financial institution that has been living in the City of London for many years, it will now actively contact other financial institutions from multiple parties.

But Dao Matsumoto is an outsider and he feels like a dead fellow Taoist who is not dead. You can imagine the difference in trust between the two parties.

After the third 10,000-degree crude oil transaction, Citibank closed its position in a row.

Then Industrial Bank closed its position.

Unlike Pan Asia Fund and Sumitomo Trading Company, which have heavy holdings, these institutions do not have too many positions. With leverage, which is the stock of tens of thousands of lots, they will really close the position and leave after a while.

Of course, they lost only a lot more money than Sumitomo Corporation.

It is estimated that more than half of the people in Sucheng will never come back after returning to the company.

Such obvious losses occur every year, but not every financial institution will encounter them. In an era when a scale of tens of millions of dollars can be called a huge loss, some of the more common positions here will probably lose $100 million.

There are many people who take responsibility.

Dahua Industrial silently absorbed long positions and closed its short positions.

The confrontation between bulls and bears has become so dull at this moment. It is not so much a battlefield for killing, but rather a surrender.

In the bank account of Pan Asia Fund, the profits of 11 digits have changed rapidly.

By 19:30, the manual trading ended, and the positions of the entire Dahua Industrial were reduced to one-third of the original position.

The price of crude oil is even more amazing, still between $14 and $14.30.

This also means that Dahua Industrial made about US$18 billion after the first round of profits of US$18 billion.

36 billion US dollars is just the profit earned by a position of about 70.

The shareholders who have the right to see the account are all red-eyed and are all planning to stay up late.

The electronic disk has several hours left, and now they are allowed to sleep, but no one can sleep.
Chapter completed!