The large conference room in Hengrui Building was full early in the morning, and everyone was in high spirits. They all participated in the attack on the Latin American stock market and witnessed the birth of a miracle. Everyone felt honored to be able to participate in this event.
When Su Nuan brought several senior executives into the conference room, everyone applauded spontaneously after seeing Su Nuan, and their eyes revealed some admiration when they looked at Su Nuan.
Su Nuan was very happy to be welcomed so warmly by everyone. After she sat down, the warm applause stopped and everyone looked at Su Nuan who was in the highest seat, waiting for her to speak.
"I see everyone is here. Let's officially start the meeting. President Aiden will now report on our achievements over the past period. Please welcome him with applause."
After Su Nuan finished speaking, the conference room burst into applause again. After Aiden stood up, the applause stopped and waited for Aiden to speak.
"Our company was established not long ago, and this investment in the Latin American stock market can be considered the first successful one made by our team.
Since receiving General Manager Su's instructions, we've worked tirelessly with the Beijing Market team to collect data and information day and night, making thorough preparations for the action plan. Thanks to our thorough preparations, we were able to buy $15 billion worth of resource-based stocks at the very beginning of the Latin American debt crisis. We entered the market at the lowest price, then sold all of them at a high price after the stock price reached a critical point after a 10-fold increase. Our $15 billion profit doubled tenfold, reaching $150 billion. This plan was a resounding success!"
After Aiden finished speaking, although everyone in the conference room already knew the amount of profit, they still couldn't contain their excitement after hearing it again.
Aiden asked everyone to be quiet before speaking again.
"As resource stocks saw their upward trend accelerate, President Su decisively told us to sell everything at the tenfold return point. Many people didn't understand why we were selling when the market was so good."
"At first, I had the same question as everyone else, but the answer was given in the earliest news we received this morning."
"At five o'clock this morning, when Latin American resource stocks had risen 15-fold, they began to plummet. It was a rapid, precipitous drop until they hit the limit down. Most investors were trapped, losing all their money overnight."
"If we had sold off a little later yesterday, with such a large share of our stock, it would have been impossible to get out of it unscathed. Fortunately, President Su acted decisively and ordered the sale, which allowed us to avoid any danger and make a tenfold profit."
After Aiden finished speaking, everyone broke out in a cold sweat, but fortunately nothing was done seriously.
Among them, Qian Ming was the most excited. As the head of the national securities representative this time, he was actually under a lot of pressure. When he first received the task and learned that the country would spend 10 billion US dollars to short the Latin American stock market, he was shocked and puzzled, but his superiors ordered him to do it.
After arriving in Hong Kong, he felt even more uneasy when he saw that Su Nuan, the person in charge of the project, was so young. With the domestic economy so backward, taking out 10 billion US dollars would almost empty his family's pockets. If it failed, he couldn't imagine to what extent the domestic economy would regress.
But this mission was ordered by the highest leader, so it had to be done no matter what. During this period, Qian Ming stayed in the Hengrui Building almost 24 hours a day, always paying attention to the development of the news. After investing all 15 billion yuan in bottom fishing, Qian Ming had trouble eating and sleeping, and could only keep an eye on the development of the stock market.
Every minute and every second was extremely torturous. Fortunately, news of the increase in resource stocks soon came, and the rate of increase was getting faster and faster. My heart was like floating in the sky on an airplane. When the increase was tenfold, Su Nuan ordered a sell-off. I didn't understand it at the time, and I was also overwhelmed by the speed of the increase, but I had no say and couldn't stop it. After all the stocks were sold for ten times the profit, I was relieved that everything was settled.
When Aiden told Qian Ming the news of the stock's limit down this morning, all he felt was admiration and relief.
Su Nuan saw that everyone was frightened after Aiden spoke, so she spoke out at the right time to ease the atmosphere.
"Okay, everyone, don't be too alarmed. We exited early and weren't locked out, so we should celebrate. As for your perspective on the Latin American situation, let me ask you: if you were the investor in a Latin American country, what would you do next?"
Su Nuan's words eased everyone's fright, but everyone looked at each other, not knowing how to answer the question Su Nuan asked.
Seeing that everyone was silent, Su Nuan called Aiden's name and asked.
"Aiden, tell me."
Aiden thought for a long moment before answering.
"The most direct cause of the Latin American debt crisis is the US dollar interest rate hike. After the debt crisis broke out in Latin America, the currencies of Latin American countries depreciated rapidly. After the domestic currencies depreciated, the US dollar, after the interest rate hike, became the best and most reliable investment to avoid risks."
Su Nuan looked at Aiden with admiration.
"That's right. If I were the capital of Latin American countries, I would quickly invest in US dollars and convert my assets into US dollars to minimize the impact of losses caused by the devaluation of the domestic currency."
After Aiden and Su Nuan's analysis, Qian Ming also felt something was wrong and said what he thought directly.
"Mr. Su, Mr. Ai, are you saying that the US dollar will rise sharply in the near future?"
Su Nuan nodded affirmatively.
"Once the Latin American debt crisis breaks out, it will quickly spread to other major Latin American countries, leading to an accelerated outflow of domestic capital and a sharp depreciation of the currency. Under the Federal Reserve's high interest rate policy, a large amount of international capital has flowed out of Latin America, and the best option for these investors is to invest in U.S. stocks and the U.S. dollar. I predict the U.S. dollar will see a significant rise in the near future."
This chapter is not over yet, please click on the next page to continue reading!
Continue read on readnovelmtl.com
