The Son of Finance of the Great Age

  Chapter 64 Skirmish (2)

Singapore.

This small country of only over 700 square kilometers is composed of more than 60 small islands. It can be regarded as a place with no resources at all. The arable land area it has can't even feed the local people. Nearby Southeast Asian countries import, and even fresh water needs to be purchased from neighboring Malaysia.

It is such a resource-poor place. Its economy began to take off at a high speed in the 1970s, and it invested heavily in its infrastructure construction in the 1980s, accelerating the development of high-value industries, making it a very important export of electronic products in the world. country. In the 1990s, together with Hong Kong, Taiwan and South Korea, they were called the "Four Little Dragons" of Asia.

In addition to traditional industries, Singapore is also an important financial center, transportation center and international trade transfer station in Southeast Asia. Singapore, which is located in the Strait of Malacca, tightly holds the throat of Asian shipping and has become an extremely important transfer station for ocean trade of various countries. .

   For a long time, in the Asia-Pacific region, apart from Tokyo, an undisputed financial center, another international financial center has been fighting openly and secretly between Hong Kong and Singapore. Thanks to the port trade, Singapore has a very developed futures market, including coffee, rubber, crude oil, fuel oil and other spot markets. The Nikkei index, Taiwan index and other index markets are also extremely developed. At the same time, there are currency interest rates, Eurodollar, Euro Yen and other transactions.

  The Hong Kong market has relatively fewer varieties, but because there is the world's largest market behind it, it is far ahead of Singapore in terms of scale and growth.

  In short, the two sides have their own strengths and are good at halftime.

  In order to maintain its own local economy, Singapore tried its best to limit the development of competing areas in the same position in later generations, especially Lihai and Hong Kong. Among them, in later generations, in order to limit the development of offshore ports, the Singapore government used government public relations to delay the development of offshore ports for decades.

Back in 1989, a Mercedes-Benz commercial vehicle was on the road of the Singapore Exchange, and a stern-looking Asian man was sitting in the back seat of the car. He looked about forty years old, with a neat suit and shiny leather shoes. , A look is a successful person.

He is Kaoru Iwamoto, the agent of RB Kanto Foundation in Singapore. After graduating from the University of Tokyo, he experienced the take-off of RB economy. He took up the position of branch president, and was later favored by higher-ups. After the Nikkei 225 index futures were launched on the Singapore Exchange in 1986, he was directly dispatched to Singapore to take full charge of the futures business.

  After coming to Singapore, Iwamoto was shocked by the orderliness, cleanliness and tidiness of this country, which can surprise even RB people who follow the rules very strictly, which shows the efforts made by the Singapore government in the public environment. Singapore is known internationally as a garden city. Even if fresh water needs to be imported, the streets must be cleaned every day.

Iwamoto, who is heavily entrusted by the bank, has lived up to expectations since he came to Singapore and used sufficient funds to make a big splash in the Nikkei index market of the Singapore Exchange. In the past three years, he has been able to earn hundreds of millions of dollars in the futures market every year. The trust of the top management of the group, and the amount of funds that he let go to manage has also increased, reaching as much as one billion US dollars in 1989 or 1989.

Before the unidentified funds appeared, Kaoru Iwamoto's funds were one of the most important forces in the market. Almost everyone was watching the movements of this RB man, hoping to catch one or two, but his Positions and strategies are strictly confidential.

  In fact, Kaoru Iwamoto’s fund operation strategy is also very simple. Since he has a very large amount of funds, after doing a certain amount of hedging, he bets all his treasures on the bullish side. This is not only because he is from RB, but more importantly, he is backed by the RB consortium, and his understanding of the RB market is far better than other participants in Singapore's Nikkei Futures Index.

It’s just that Kaoru Iwamoto, who is immersed in the dream of a soaring bull market in the RB stock market, suddenly discovered recently that a large amount of funds has been quietly absorbing short orders. Previously, it was a small amount of positions, but after October, the volume suddenly increased. , a rough calculation, the amount invested every day is as high as millions of dollars.

   Kaoru Iwamoto, who suddenly woke up, came to his senses. He and his team carefully searched for the movement of this fund in the messy transaction records, only to find that this fund had quietly established a short position of hundreds of millions of dollars.

  This is simply a naked provocation, absolutely unbearable. On the second day after discovering this amazing phenomenon, Kaoru Iwamoto raised the price of the Nikkei futures index in the market, wanting to deal a severe blow to the other party. He believed that with his current amount of funds, the current Nikkei futures index The market can definitely make the other party feel enough pressure.

When there was a large number of buy orders in the market, the whole market was boiling, and the brokers in the field called in a panic to inform their clients what happened immediately. Most traders guessed that the consortium from RB made a move. More experienced traders guessed that it was Kaoru Iwamoto's action through the style of operation.

As soon as a single trigger affects the whole body, those small institutions and retail investors with small capitals immediately became active, and followed the big funds one after another, pushing up the price of the Nikkei futures index by two percentage points in an instant, and those who followed them Buy orders are also continuously squeezed into the market.

Kaoru Iwamoto, who wanted to force out the figure of the mysterious funds, was not disappointed. With the Nikkei index rising sharply, the short side resolutely took most of the long orders after a short period of silence. The Nikkei is back on track.

  It was not until the short sellers suddenly exerted their strength that most of the participants in the market realized that a big short seller had appeared in the Nikkei futures market, which had always been dominated by bulls.

   People with active minds immediately realize that the opportunity to make money is coming, while those who think further are thinking whether the inflection point of the RB market has come.

   In any case, the Nikkei 225 futures market immediately attracted the attention of most participants.

The situation was not obvious at this time, and it was the first contact between the bulls and the bears. Except for some unsuspecting investors, most of the professional institutions and funds were on the sidelines, and some people invested a small amount of money to operate flexibly. Hope to get a piece of the pie.

  After the first hand-to-hand combat, both sides gathered a lot of followers behind them, quietly waiting for the second collision.

Kaoru Iwamoto did not disappoint them. After taking a short break, a Nikkei futures long order with a target value of more than one billion U.S. dollars was thrown out. As soon as this long order appeared, the slack who was planning to fish in troubled waters on the short side The funds have switched to investing in portals one after another, following behind the long orders.

What surprised these fools was that the short side didn't lose the wind at all, and it didn't take long for them to wipe out the long orders. Not only that, the short side even threw out some short orders provocatively, showing that their funds were not in the slightest. Not bad for many parties.

  The two trials let Kaoru Iwamoto know the strength of the opponent, and he began to stand still and lurk quietly. After all, these futures still depend on the performance of the RB market.

The traders in the field were still looking forward to the third wave of confrontation, but they were disappointed by the result. The bull side actually died down, and the bear side did not take advantage of the victory to pursue it. The two sides seemed to have reached some kind of tacit agreement, and they all disappeared in the Nikkei futures market. superior.

  Traders know that they are lurking, and both sides are accumulating strength, waiting for the next wave of fighting.

And those retail investors with a small amount of funds, some have already started to cheer because they bet in the right direction, while the losers are extremely annoyed, thinking about how to clear their positions and leave the market, waiting for the next opportunity to arise, after all, they can make the Nikkei period It means that there are not many opportunities for large fluctuations.

The irony is that this multi-billion-dollar futures battle did not have much impact on the RB market with a total market value of hundreds of billions of dollars. The bullish RB stock market is still growing unswervingly. On this day, RB's stock market rose by dozens of points, and the Nikkei 225 index stood firmly above 35,500 points at the final close.

In Singapore, affected by the growth of the RB market, the Nikkei 225 index futures are still growing slowly even under the heavy pressure from the short side, which gives the bulls some hope. After experiencing the confrontation, it magnified again. Those short sides who were still celebrating their crowns became annoyed. Why didn't they take the opportunity to close the floating profit and leave the market, and those bulls who stopped the loss and left the market also beat their chests, hating themselves for not being able to hold on for a while.

  The capital market is such a wonderful place. Maybe it will turn around in the next second, or it may fall into the situation of eternal life.

   Having said that, Kaoru Iwamoto, who held a large number of long orders, did not lose much, and even had a slight surplus in his account at the close of the market, but he was not happy, and immediately connected to Tokyo's call after the market closed.

Not surprisingly, the Tokyo side had no clue about the funds, but after hearing Kaoru Iwamoto’s report, several senior bank executives held an emergency meeting and unanimously passed a resolution to add funds to Kaoru Iwamoto. That's a billion dollars.

  The other RB consortiums with seats on the Singapore Exchange also received the news immediately, and most of them, who have unlimited confidence in the RB market, also made the same moves.

  For a while, funds from RB poured into Singapore.

   Kaoru Iwamoto was not that excited about having another billion dollars in funds in his hands. In yesterday's confrontation, he was far from testing the opponent's amount of funds, which made him feel inexplicably afraid of the opponent.

  Through the analysis of yesterday's trading volume, Kaoru Iwamoto and his team found that the short positions held by that fund have not been flattened much, which means that the loss of several million dollars is nothing to them at all.

   "It's time to visit a friend who is also from RB!" Sitting in the business car, Kaoru Iwamoto said to himself in his heart, recalling the events of the previous day. (Thank you for the strong support of all book friends. Today’s recommended votes have exceeded 3,000. According to the previous promise, a new chapter will be added tomorrow, so there will be three updates tomorrow. I hope you can read it happily. Finally, special thanks to book friend huxingaa for writing reward!)

  (end of this chapter)