Please enter the text "Today we will throw another 5% of Singapore dollars." Feng Yu ordered.
He Zhaoji and others continued to slowly sell off Singapore dollars. Feng Yu's strategy was not to be the main force, but to let Soros' Quantum Fund do the main force. Like other hot money, he just followed the trend.
Nanyang also reacted quickly and is still adjusting slowly. Although the Singapore dollar has fallen, it does not seem to have fallen below the fluctuation range allowed by Nanyang.
However, there is good news. Nanyang sold the Thai baht to absorb the Singapore dollars. In this case, the Singapore dollar has stabilized slightly, but the Thai baht exchange rate has once again fallen.
After the floating exchange rate system was adopted, although the Thai baht's exchange rate fell below 30:1, it has slowly stopped its decline. However, Nanyang sold a large amount of Thai baht for the sake of its own currency, causing the Thai baht's exchange rate to fall again.
As a result, Nanyang, which was originally helping Thailand, has now become the helper of Quantum Fund, causing the Thai baht, which had just become stable, to start falling again.
Any national strategic cooperation is just a cloud when it comes to national interests. When they have no time to take care of themselves, who cares whether other countries' economies will collapse? The most important thing is to keep their own economy from collapsing first.
Turning on the TV, Feng Yu started to watch Xiangjiang's financial news.
The Hang Seng Index just rose a little at the opening of the market today, and then started to fall. A well-known stock commentator commented on TV that the Hong Kong stock market was artificially high.
"Looking at these data, the stock markets of various countries in Southeast Asia are falling rapidly, and Hong Kong has gone against the trend and risen, which is very abnormal in itself. But now the Hang Seng Index has fallen, and many stocks have fallen by more than 5%, which shows that some funds are also rising. get away… "
Stock commentators on TV talked eloquently and seemed to be pessimizing the Hong Kong stock market. However, Feng Yu knew that this stock commentator was very famous, but he also had a famous crow's mouth. Whichever stock he says will go up will immediately fall, and whichever stock he says will fall will immediately rise. Many stock traders among the public call him a street tycoon!
But unfortunately, the ratings of this stock commentator's program are still very high. Maybe many people are buying the opposite of what he said.
But today, what this stock commentator said still makes some sense. Fu Rongqi and others are selling stocks, including many blue-chip stocks, and the Hang Seng Index will not rise.
…
"Hey, Po Jie Tsai said today that the Hang Seng Index will continue to fall. Should we sell the stock? Anyway, we made so much before, and if we sell it now, we will still make a profit." A waiter in a tea restaurant said.
"You've already said that he's a street tycoon. Are his predictions accurate?" Another clerk said disdainfully.
At this time, many people in Xiangjiang were trading in the stock market, and the clerks in the tea restaurants all joined the stock market army. Some even quit their jobs directly and devote themselves to stock trading, which is comfortable and makes a lot of money.
"But this time he didn't predict any stock. Instead, he predicted the Hang Seng Index. Do you remember how he became famous? He became famous because he was right in predicting the rise of the Hang Seng Index."
Another guy also started to hesitate. Yes, today Pudi Tsai did not predict any stock, but predicted that the Hang Seng Index would fall.
It fell a bit yesterday, and it is also falling today. He said that the Hang Seng Index will continue to fall for some time in the future. If this is the case, if they don't sell it, they will be trapped in it!
"How about we ask Liu Caishen next door?"
Liu Caishen is the owner of the store next door. He was originally a waiter, but later he made a fortune by trading in the stock market. Now he owns a store and sells some fruits.
Many people followed Liu Caishen to buy stocks, and they all made money. However, Liu Caishen had a bad temper and they couldn't afford to be filial, so Liu Caishen had never given them any guidance before.
The two of them agreed to take advantage of the fact that there were not many customers and pretended to take out the trash and ran to Liu Caishen's shop. After they entered, they saw Liu Caishen holding a computer and looking at the screen while reading financial news.
"Liu Caishen, I'm looking at stocks."
"Why are you two running here? Even if it's not lunch time, your boss won't let you go out on business, right?"
"Liu Caishen, we brothers are begging you to come here. Do you think the stock market will continue to fall?"
Liu Caishen glanced at the two men. If these two boys didn't always help him take out the garbage, he would really not want to say anything.
"Throw it away. I advise you not to buy stocks this year. There is an economic problem in Southeast Asia. The stock market this year may be very exciting. With your level, it is easy to be trapped."
"Hey, thank you Liu Caishen. We took out the bag of garbage outside for you."
After the two went out, they immediately called and sold their stocks. Anyway, I have made money, and I can buy some things for my family this time.
These two people were lucky, they dumped it, but there were still some people who saw that their stocks were still rising and even made some additional investments.
However, the decline of the Hang Seng Index has also inhibited those who raise funds in financial companies to a certain extent. When the market goes down, they are not so bold to raise funds.
Once the market falls sharply, they will easily lose all their money.
…
Soros looked at the news reports in Hong Kong. The Hang Seng Index was still falling. Some stock commentators believed that the Hang Seng Index would fall below 13,000 points. This news was very bad.
The more the Hang Seng Index falls, the smaller the space for operations will be after short selling, and the harder it will be to make money. He had previously boosted the Hang Seng Index, but he also took the lead in investing a large amount of money, and now he has lost money.
It seems that Xiangjiang really has experts. Such a slow decline will have little impact on Xiangjiang's economy and will not cause any panic.
In two or three months, it is very possible that the Hang Seng Index will fall below 13,000 points, and it may even fall more, but he will not make any money at all.
Soros is considering whether to take advantage of the decline in the Hang Seng Index to open a short position in Hang Seng Index futures. Then maybe he can make a steady amount of money without making a move.
But if they are discovered and they pull it up in the opposite direction, the contract is likely to be liquidated directly. Then he has to make a margin call. Wouldn't it be easy to be dragged into the Xiangjiang market
How about giving up on the Xiangjiang market for the time being and waiting two months to see what happens
Thinking of this, Soros summoned his four kings and asked them for their opinions.
Three of the Four King Kong believe that they should wait and see. Their main battlefield at this time should be on other currency markets, and it is not appropriate to provoke Xiangjiang.
However, Zhuken Miller, the chief analyst, has a different opinion. He believes that now is the time to short-sell the Hang Seng Index in Hong Kong, which can hold back the wealthy people in Hong Kong.
Because he suspected that the wealthy people in Xiangjiang were cashing out, and they were cashing out in large quantities to raise funds and also go to the foreign exchange market to make money.
If all these people join in, then Quantum Fund will certainly be able to make money more easily, but it will be even more difficult to attack the Hong Kong market!
Soros couldn't make a decision for a while. He suddenly realized that he shouldn't provoke Xiangjiang first.
…
If you are short of books, you can read some of the books recommended by Lao Si. They are very good, such as Lao Si’s old book "Spiritual Gourd Space" (to be continued.)
(End of chapter)