The Rebirth of the Financial Hegemon

v3 Chapter 50: A mere 72 billion

The rate hike by the Bank of Thailand has become a blasting point for bears in the stock market.

As soon as the news of the rate hike was announced, many stocks on the Thai stock market were sold off wildly.

On the Bangkok Stock Exchange, the seat of Jushi Asset Management.

Liu Qiang is commanding in an orderly manner.

Compared with the past, Liu Qiang is now a little more calm.

After a year of hard work, Liu Qiang is no longer the junior trader who will shudder when he sees hundreds of millions of funds.

With the highest united front direction, Liu Qiang can already command the attack very well.

"260 sold 300,000 shares, 240 wiped out all buying orders... 1120 plus 50,000 short lots..."

"Set the price of international media to 310, clear all Thai oil, and add 100,000 hands to SET1080..."

On the big screen, countless data flashed quickly.

Under the huge selling price, the SET index fell like a waterfall from the sky.

1080…..1070…1050….1030….998…970….

Thailand's stock market collapsed.

In just two days, the most rebounded high of 1170 fell to 970.

The drop of as much as 200 points made the market gloomy and gloomy.

Countless stock market investors have been strangled to pieces in the crazy fall.

For a time, even the experts who sang a lot on time every day lost their voices collectively.

The stock price has shrunk sharply, and the market value of trillions has been evaporated out of thin air.

Thailand's stock market fell 20 percent in two days, its biggest drop in six years.

Second only to 1990's one-day drop of 25 percent.

Affected by the Thai stock market, the stock markets in the Asia-Pacific region have experienced varying degrees of decline.

The 25% decline has allowed Jushi Asset Management to obtain five times the profit.

The accumulated position has reached 64 billion baht.

Compared with the initial investment of 2.3 billion baht, it has earned nearly 20 times the profit.

The madness of highly leveraged futures lies in this.

Unlimited profit and position increase, so that this profit multiple shows a geometric multiple increase.

This short-term crazy profit can only be earned in this crazy plummeting market.

Of course, this is still nothing compared to the subsequent slump in the Huaguo market in 2015.

At that time, an account in Hong Kong earned 1 billion US dollars in a month.

New York.

Four in the morning.

Zhao Jiangchuan, who was still sleeping, was woken up by the harsh ringing of the phone.

You can imagine Zhao Jiangchuan's anger when he was suddenly awakened from a sound sleep.

Picking up the phone and ignoring it is a scolding.

Robert, who was about to take credit on the other end of the phone, scolded him for being bloody.

You're so angry, you're not having sex, are you?

The innocent-faced Robert thought sullenly, but he didn't dare to make a sound, and let Zhao Jiangchuan scold him there alone.

Finally, most of Zhao Jiangchuan's anger dissipated.

He asked angrily.

"Who?"

Robert wanted to cry without tears, and even scolded anyone without asking, and it was his boss.

Robert, who always loves to be aristocratic in Thailand, no longer has the slightest elegance of aristocrats.

He grumbled bitterly.

"Boss, it's me, carrot head."

"Old radish head, don't you know that God will blame you for disturbing people's clear dreams? Why can't you call tomorrow if something happens?"

It was sad enough that poor Robert was forced to admit that he was Radish Head, and now Radish Head has been added to the old Radish Head in front of him.

This made the old radish head truth give up.

After all, I am also an honorary knight of the dignified British Empire, how can you treat me like this.

Habit is not a good habit.

Even if he really wanted to complain about his noble status, under Zhao Jiangchuan's long-term arrogance, Robert didn't even have the courage to defend himself.

Robert knew too well how terrible the consequences of angering Zhao Jiangchuan would be.

After being scolded by Zhao Jiangchuan for a while, most of Robert's previous excitement had already been scolded away.

He endured the sadness in his heart.

"Boss, SET has fallen sharply in the last two trading days. Our book assets have reached 72 billion baht. Do you want to close some of our positions."

"Can't you wait for tomorrow for this matter? Old radish, you are also from a noble family. Don't you feel ashamed of your family?"

Oh god.

How can you say a mere 72 billion baht.

That's $3.1 billion.

Zhao Jiangchuan's words gave Robert a deep blow.

Robert felt that he was like some of the unseen farmers in his home ranch.

Zhao Jiangchuan was a real nobleman who went to the farmer's house to pretend.

Boss, you must always score 13 in math.

Enduring the resentment, Robert said helplessly.

"Boss, you haven't said whether you want to close some of your positions."

Zhao Jiangchuan did not answer.

He knew what Robert was asking.

As a senior official of the company and Zhao Jiangchuan's old housekeeper, Robert naturally knew Zhao Jiangchuan's overall strategic plan.

The exchange in Thailand is all done by Robert.

Profits of this magnitude can be leveraged by buying U.S. Treasuries again after the spot market is exchanged for dollars.

However, the Thai stock market has collapsed and fell. If you close your positions now, you will lose more than you gain.

Maybe a few days of opposites, you may miss out on bigger profits.

With the current trend of SET, it is already the time when the building's tilt will really collapse at any time.

Zhao Jiangchuan thought for a moment.

"Wait two days. At present, the Thai market is at a time when people are panicking. The defeat is like a mountain. I estimate that there will be more stampede and more kills soon, and I will close the position before the weekend."

"…"

6pm Thailand time.

Prime Minister Banhan Siba Acha spoke to the news.

Banhan Siba Acha said that policies to stabilize the financial market will be introduced as soon as possible, and he does not rule out the possibility of using up to 500 billion baht to rescue the market.

Perhaps the words of Prime Minister Banham Siba Acha played a role.

The next day, the Thai stock market gapped higher at 999 points.

It was only one point away from a thousand-point integer.

However, the price of 999 has also become the highest point in the stock market. It was only less than five minutes after the opening. Under the smashing of many heavyweight stocks, the Thai stock market plummeted again that day.

After the close, it fell 120 points and finally closed at 879 points.

The market fell into a panic ~ lightnovelpub.net ~ No matter Banhan? Siba Acha's speech or the speeches of various experts, can not save the collapse of the Thai stock market.

The panicked funds, like defeated deserters, began to flee frantically regardless of the cost.

On each stock, there are densely flashing sell orders.

Large overpriced sell orders, small current price sell orders.

A flash-in-the-pan buy simply cannot be captured by the naked eye.

All the money can't wait to have two more legs.

Even if the order is a little slow, it will not be able to be traded because the price is too high.

By Friday afternoon.

Thailand's SET index has fallen to 760 points.

This position is 50 points lower than the 1993 low of 810 points.