Golden Spoon Investment Portfolio - Chapter 333

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This chapter was translated by Lunox Novels. To support us and help keep this series going, visit our website: LunoxScans.com
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333. I’m going to sell everything at this rate.

As Manager Choi Ho-geun set down the receiver, Assistant Manager Jung Hwan-yeop, still seated in his chair, studied his expression and asked.

“What did the president say?”

Manager Choi Ho-geun then met the eyes of his team members, who were watching him with complicated expressions, and opened his mouth.

“…He’s telling us to sell the futures at an even lower price.”
“As expected! I knew the president would approve.”

Watching Assistant Manager Jung Hwan-yeop nod as if he’d expected this, Manager Choi Ho-geun continued.

“But instead of 750, he’s instructing us to sell the futures at 650.”
“What? 650?”

In that instant, Assistant Manager Jung Hwan-yeop froze mid-gesture, his eyes widening.
Yu Seok-hyun and Hong Jae-hee were equally shocked, while Noh Hee-won, still unfamiliar with the unfolding situation, stood awkwardly to the side, her eyes darting back and forth as she tried to read the room.

“That’s right.”

Assistant Manager Jung Hwan-yeop then asked as if questioning the logic.

“The KLCI index is at 1,077 right now, and 650? Isn’t that too much of a stretch?”
“Exactly, Manager. To be honest, even 750 is a huge risk and a gamble, but 650 is…”

Hong Jae-hee also shook her head, her reaction skeptical.
In truth, Manager Choi Ho-geun shared the same thoughts, but he couldn’t reveal his inner doubts in front of his team, so he steeled himself.

“Do you remember what the president said in the last meeting? That the Malaysian stock market would fall very sharply because of this crisis?”
“Yes. That’s why we suggested selling the futures at 750.”

As Yu Seok-hyun answered, Assistant Manager Jung Hwan-yeop and Hong Jae-hee both nodded while remaining in their seats.
Manager Choi Ho-geun stood with his hands on his hips, looking at his team members’ faces as he spoke.

“It seems the president is anticipating that the Malaysian stock market will fall far more sharply than we’re thinking.”

Jung Hwan-yeop stepped forward with a furrowed brow.

“You’re saying the market will drop another fifty percent from here?”
“If that weren’t the case, you wouldn’t be giving us such an order.”
“Well, that’s true.”

As Jung Hwan-yeop fell silent, Yu Seok-hyun spoke up next, his expression clouded with concern.

“Is that even possible?”

Hong Jae-hee seemed to share the same doubt, her voice trailing off cautiously.

“The market’s already fallen so much, and now you’re saying it’ll drop below 650…”

A brief silence fell over the team.
It wasn’t that they distrusted Seok-won, but no matter how they tried, they simply couldn’t imagine the Malaysian stock market plummeting below 650.

“The Malaysian market opens soon, so we don’t have time to hesitate. Let’s just proceed as instructed.”

Choi Ho-geun clapped his hands sharply to shift the mood, then turned to Hong Jae-hee with a question.

“The orders we placed earlier still haven’t been executed, right?”
“No, they’re all still pending.”

Hong Jae-hee checked her monitor and answered.
Choi Ho-geun nodded slightly, tightened his core, and raised his voice.

“If everyone’s too frightened to accept our KLCI futures sell orders, then we have no choice but to act.”
“True. If we keep going like this, we really might end up doing nothing but twiddling our thumbs, so we might as well do something regardless.”

Jung Hwan-yeop smacked his lips.

“You said to sell futures at 650, but that doesn’t mean we have to do exactly that. Let’s use 650 as our floor and try selling futures from there.”
“Understood.”
“We agree as well.”

Following Jung Hwan-yeop, Yu Seok-hyun and Hong Jae-hee both nodded in unison.

“Alright. Then let’s start by placing sell orders at 750 as originally planned. After that, we’ll monitor the reaction and respond immediately.”
“Yes, sir!”

The team members quickly moved their hands, each beginning to place their orders.

“Sell 100 contracts at 750!”
“200 contracts at 750! Okay.”

While team members at the Eldorado Fund branches in Tokyo and Hong Kong busily entered futures sell orders, Manager Choi Ho-geun stood with his arms crossed, staring intently at the monitor displaying the trading situation.

* * *

“750, you said? Hmm. I understand.”

Yoshinori, a futures broker at the Tokyo Stock Exchange working for Goldman Sachs, hung up the phone with a bewildered expression and transcribed the order he’d just received onto a notepad.
Then, wearing a green vest and standing before the pit alongside other brokers, he called out to a colleague who was shouting at the top of his lungs.

“Muto! Hey, come here for a second!”

Muto, who had played catcher on his high school baseball team, turned around and hurried back to the booth.

“A new order?”

Yoshinori handed over the notepad he’d just written on.
After taking the notepad and reviewing it, Muto furrowed his brow and looked up at Yoshinori.

“Did you write the numbers down wrong?”
“Do I look like I’d make that kind of mistake?”
“That’s not it, but no matter how badly the ringgit is collapsing, 750 is way too far out.”
“I think so too, but what can I do if they’re asking for an order like this?”

Muto scratched his closely cropped hair with a helpless expression.

“Well, even if we take a loss, we just pocket the commission anyway, so it doesn’t really matter.”

Muto shrugged, stuffed the notepad into his pocket, and returned to the pit where the brokers were shouting, beginning to place the order as instructed.

“Sell 200 KLCI at 750!”

At that moment, all the brokers’ eyes on the Trading Floor snapped toward Muto.

“KLCI at 750?”

One broker hurriedly checked the KLCI index on the computer installed in his booth, his brow furrowing.

“The KLCI is currently at 1,077, and he’s selling futures 327 points lower than that….”
“Even if the ringgit is under attack from hedge funds, isn’t this reckless?”

The broker in the yellow vest responded to his colleague’s remark with a troubled expression.

“That’s true, but if foreign investment capital in Malaysia withdraws en masse due to concerns about exchange losses, couldn’t it drop all the way to 750?”
“Hmm. You have a point.”

Not just the two of them, but most brokers showed interest. However, with such strong downward pressure on the Malaysian stock market, an atmosphere formed where they merely watched each other cautiously rather than stepping forward to buy.

* * *

Daeheung Venture Capital, Yeouido, Seoul.

“Ten transactions completed in Tokyo!”
“Six in Hong Kong.”

At Hong Jae-hee and Yu Seok-hyun’s report, Manager Choi Ho-geun, who stood with his shirt sleeves rolled up, clicked his tongue in disappointment.
He had expected a stronger response, but the results fell far short of his expectations.

“The interest is rather weak.”

At Jung Hwan-yeop’s remark, Manager Choi Ho-geun picked up the phone and called the Eldorado Fund’s Japan branch directly.

“What’s the atmosphere on the Trading Floor like?”

The representative responded with a grim tone, relaying the situation.

[There’s interest, but they’re hesitant to commit to buying. I apologize.]
“No, I understand.”

Manager Choi Ho-geun furrowed his brow, hung up, and then connected to Hong Kong.
But the response there was similar.

[No matter how much we quote prices, the contracts aren’t being executed.]
“…I see.”

Ho-geun set down the receiver and deliberated for a moment before biting his lower lip firmly and lifting his head.

“Place the order again at 700.”
“How much volume should we use?”
“The same amount. One more time.”
“Understood!”

The team members responded tersely, then grabbed their phones and keyboards to enter the new orders.
As Ho-geun stood with his arms crossed, watching the monitors before him, the revised orders soon streamed in across the Hong Kong and Tokyo exchanges.

“Please. This time, let them bite.”

Ho-geun clenched his forearms tightly and muttered in a low voice.

* * *

“Sell 200 KLCI contracts at 700!”

Muto, standing before Pete, threw both arms up and bellowed across the trading floor.
The brokers on the Trading Floor glimmered with interest and began whispering among themselves.

“700 is worth a shot, isn’t it?”
“Surely it won’t crash by half here.”
“Right.”

As they exchanged cautious glances, someone finally made the first move.

“Buy 100 KLCI contracts at 700!”

As one broker gestured and shouted, the others surged forward as if a starting pistol had fired, beginning to purchase futures contracts en masse.

“Buy 30 contracts!”
“Buy 55 KLCI contracts at 700!”

Surrounded by the other brokers, Muto swiftly sold off 200 KLCI futures contracts.

* * *

Tension hung thick in the Office as Manager Choi Ho-geun kept his anxious gaze fixed on the monitors.
Despite placing the additional order and waiting considerable time, the lack of any significant movement unsettled me.

‘Is there still no response this time?’

My mouth grew increasingly parched as anxiety gnawed at my insides.
If this continued, I would have no choice but to lower the bid price again, which only meant greater risk for us to bear.

‘And on top of that, our profits would shrink as well.’

The moment I muttered this grave thought, the phone rang loudly with a sharp trill.
As Manager Choi Ho-geun quickly grabbed the receiver, the representative from the Eldorado Fund’s Japan branch shouted urgently.

[All 200 contracts have been executed!]

I checked the monitors in astonishment and saw that the orders which had been pending just moments before were now all showing as completed.
At that moment, Jung Hwan-yeop called out to Manager Choi Ho-geun from his seat.

“All contracts in Hong Kong have been executed as well!”

With the successive reports, Manager Choi Ho-geun clenched his fist tightly.

“I’ll place the additional order right away, so please process that as well.”
[Understood.]

The moment I put down the receiver, Hong Jae-hee raised her voice.

“The Malaysian stock market has opened!”

Manager Choi Ho-geun looked up at the large ticker board installed on the opposite wall, and I could see the Malaysian market plummeting sharply from the moment of opening.

[KLCI : 970.33 (
↓107.21)]

Though I had anticipated it to some degree, seeing the market crash over 100 points right from the start made my heart race with urgency.
But knowing that such moments were when mistakes happened most easily, I forced down the rising panic and spoke calmly.

“Sell 300 units each at 700. Do it now!”
“Yes, sir!”

The team members who had been waiting for instructions immediately began placing orders.
Choi Ho-geun felt adrenaline surging through him, his head burning hot as he leaned forward to watch the monitor intently.
The orders appeared rapidly in the trading window as instructed, but they were being executed just as quickly, and the inventory was depleted in an instant.
Seeing this, Choi Ho-geun’s eyes gleamed as he issued another command.

“Good. Add another 200 units each at 700!”
“Yes.”
“Orders placed!”

The empty spaces left by executed contracts were quickly filled with the new orders.

“That’s it. Keep selling everything just like this.”

But contrary to expectations, the execution speed gradually slowed, and then suddenly the trading halted completely.

“What’s going on here?”

Choi Ho-geun’s face hardened as he asked.

“It seems everyone is becoming more cautious as the index decline widens.”

At Jung Hwan-yeop’s words, Choi Ho-geun looked up again to check the Malaysia stock market index displayed on the large market board.

[KLCI : 952.43 (
−125.31)]

“Tsk.”

Choi Ho-geun clicked his tongue briefly and turned to his team.
Manager Choi Ho-geun clicked his tongue briefly and asked his team members.

“In Tokyo, 10 units at 750 and 314 units at 700 have been executed. In Hong Kong, 6 units at 750 and 330 units at 700.”
In Tokyo, 10 deals were concluded at 750 and 314 deals at 700, and in Hong Kong, 6 deals at 750 and 330 deals at 700.

Hong Jae-hee answered immediately.

“That brings us to 660 contracts total.”

In such a short span of time, I had sealed an impressive number of deals, yet it still wasn’t enough to satisfy me.
Choi Ho-geun checked the massive price board once more, and finally resorted to his last option.

“Looks like I’ll have to do exactly what the president suggested.”

With his resolve hardened, Choi Ho-geun shouted loudly across the floor.

“Starting at 650, place orders in 100-unit blocks and keep raising them until they stop executing. Move!”

Moments later, as the new orders appeared in the trading window, Choi Ho-geun fixed his gaze on the monitor numbers with intense focus.
Only minutes passed, yet they felt agonizingly long—then the frozen trading window sprang back to life, and the orders I’d placed began executing at a speed incomparable to before.
It was breathtakingly fast.

“Yes!”

Standing upright, Choi Ho-geun slammed his palm against the desk with a triumphant shout.

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This chapter was translated by Lunox Novels. To support us and help keep this series going, visit our website: LunoxScans.com
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