Rebirth of the Strongest Tycoon

Chapter 859 Warning received by Sumitomo Trading Company

Latest Website: Sidmonger Wahlberg smiled and didn't believe Jacob Rosier's words.

Everyone is a thousand-year-old fox, and it would be boring to talk about Liaozhai.

He is very aware of Jacob Rothier's nature, and beneath his kind exterior hides a face that is more greedy than him.

If there is absolute certainty, Jacob Rothier would definitely have started a long time ago, and now it is too abnormal to divide the interests for him to come forward even against the islanders.

But anyway, the funds for shorting were provided by the Rothschild family, and there would be no risk to G.S. Warburg. He would just take the money and do it. It would be great if the truth could be found out later.

"Sidmonger, I think the current pressure is still a little small. You need to use more skills to get more profits, and efficiency is also very important."

Jacob Rosier offers personal advice.

When he came, he also paid special attention to the situation of the entire market. The situation of Barings Bank was not good and could not stand the bulls' offensive. According to the news that came back, Barrett Barings had expressed dissatisfaction, but because he had fallen into it, now Still struggling.

Jacob Rothschild can only start with Sumitomo Trading Company, forcing it to withdraw from the bullish camp, temporarily decompressing Barings Bank, and making a fortune.

Therefore, in three futures such as LME nickel futures, the greater the loss of Sumitomo Trading Company, the better for him.

Sidmonger Wahlberg raised his brows and glanced at Jacob Rosier, then smiled and nodded: "No problem, I will leave an unforgettable memory for the islanders."

"Want to see it?"

"certainly……"

...

Under the personal control of two of the world's top financial tycoons, the price of three futures such as LME nickel futures fell faster again, which caught Sumitomo Trading Co. by surprise.

Yanagawa Shuren could only respond passively, but he struggled constantly, not wanting to let G·S·Huabao play a rhythm, lest other institutions dare not easily enter the market and do more after the general trend is formed.

However, the first mover has been lost, and the capital is not as good as others, it is too difficult to struggle.

At the close of the next morning,

The price of LME nickel futures has fallen to US$7,745/ton, which is close to the original position line of US$7,500/ton for G·S·Warburg.

However, G.S. Huabao has opened too many positions and has been disrupting the situation. Although some institutions have entered the market to acquire LME futures contracts, many of them have been taken over by G.S. Huabao, which has caused Sumitomo Trading Company to flee.

Not only that, at about 10:30 in the morning, G.S. Huabao seems to be not satisfied with this profit, and once again adjusted the position sharply, from $7,500/ton to $6,500/ton.

When the market was closed at noon, Shuren Yanagawa convened a meeting with the managers of each trading team of the department to report on the situation of their respective teams.

After a circle of reports, the atmosphere in the conference room became very heavy.

LME aluminum futures and LME copper futures are okay, and there are currently floating profits.

However, the three teams of LME nickel futures, LME zinc futures and LME lead futures are not optimistic.

Among them, the largest floating loss is the LME nickel futures team, with a floating loss of US$48.7 million.

The second is the LME zinc futures team, with a floating loss of US$29.2 million.

The least happened to the LME lead futures team, with a floating loss of $21.3 million.

The three teams have a combined loss of 99.2 million US dollars!

Floating losses are about to break 100 million!

And if nothing else, as soon as the market opens in the afternoon, the three futures prices are expected to dive again, and the floating loss will break through 100 million in an instant!

According to this estimation, if all three futures are to be cleared and withdrawn, plus the combined costs of leverage costs and transaction fees drawn by the London Metal Exchange, the loss is likely to exceed US$200 million!

And the loss of money is not the most important thing. More importantly, the follow-up impact of Sumitomo Trading Company's failure will be great. There will definitely be investors withdrawing capital, and the power of Sumitomo Trading Company in the past ten years will be severely damaged.

"Tuk Tuk Tuk..."

At this moment, a hurried knock sounded on the door, breaking the silence in the office.

Shuren Yanagawa frowned and looked at Junpei Takayama, the manager of the LME copper futures trading team closest to the door. The latter understood and got up to open the door.

After opening the door, Yanagawa Shuto found that the knocker turned out to be Daichi Erchuan, assistant to the president of Sumitomo Trading Company's London branch.

Erchuan Dazhi first said hello to Gaoshan Junping, then went straight to Yanagawa Shuren, lowered his head and said a few words in his ear, Yanagawa Shuren's face changed, and after leaving the sentence "The meeting is suspended", he left with Erchuan Dazhi, leaving behind The people below looked at each other.

Soon, Yanagawa Shuto came to the office of the branch president Maekawa Taro.

"President, what are your instructions to me?"

Yanagawa Shuren stood straight and asked with his head down.

Maekawa Taro is a man with a national character face in his 50s. At this time, his face is ugly, and he asks in a deep voice, "How is the profit and loss of the metal trading department?"

Yanagawa Shuren immediately reported the data just reported by each subordinate.

When he heard that the floating losses of three sectors including LME nickel futures were about to exceed 100 million US dollars, Taro Maekawa frowned tightly.

Just when Shuto Yanagawa thought that he was going to bear the president's anger, he heard Taro Maekawa scolding him "Bagga", and then said to him, "A phone call came to me just now."

Yanagawa Shuren looked up at Kagawa Taro suspiciously, only to hear the latter continue: "It's an unfamiliar phone, and the voice is like that of a middle-aged man. After he confirmed my identity, he left me a sentence. warn!"

Speaking of the warning, Taro Maekawa thought of the tone of the caller just now, and a look of anger flashed in his eyes.

"He told me that now LME nickel futures, LME lead futures, LME zinc futures are just warnings that if we don't give up long LME copper futures and LME aluminum futures, more unexpected things will happen next."

Yanagawa Shuren's eyes widened, and after being shocked, he became furious, but with the president in front, he could only forcefully swallow what he was about to say, and suppressed his anger and said, "President, go long LME copper futures and LME aluminum futures. Sumitomo Keigo personally ordered, this..."

Of course Maekawa Taro knew this, he said to Yanagawa Shuren: "I know, I just let you know about this, continue to be vigilant, and try to complete the clearance as soon as possible, I will report to the president later, see the president I'll let you know when the time comes."

"clear!"

Yanagawa Shuren nodded solemnly.

"Well, do you have anything else to say?"

"Not yet."

"Then go on to the meeting."

After Maekawa Taro sent Shuren Yanagawa away, Jing Si took a moment to sort out the draft, and then made an international call.

The time difference between Tokyo and London is 9 hours.

It is now more than 12 noon in Greenwich, London, and nine hours earlier in Tokyo, so it is just after three in the morning in Tokyo, which happens to be the heaviest time for people to sleep.

Under normal circumstances, Maekawa Taro would not disturb the president Sumitomo Keigo's good dreams at this point in time.

But today's situation is special, and he had to bite the bullet and make this call.

In the island country of Tokyo, at Sumitomo Keigo's house, a rush of bells woke Sumitomo Keigo, who was sleeping with his sweet wife in his arms.

After comforting his wife, he rubbed his eyes to cheer himself up and answered the phone.

"This is Sumitomo Keigo's house... eh? Maekawa Taro? What's the matter with you?"

"..."

"what?"

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