【The first update today!】

The next day, before the stock markets of Southeast Asian countries opened, Liu Yihua and others were eyeing each other and waiting for the robbery again!

As soon as the market opened, the stock markets of several Southeast Asian countries fell sharply! The Thai baht exchange rate is really like a dive on the high platform, which is really shocking!

Of course, as long as the Thai government does not announce the abolition of the Thai baht, the Thai baht will have the value supported by its national economy. High-quality updates, so the Thai baht at this time is not waste paper.

"This is simply robbing money!" In this moment, sweat oozed out from Song Feng's forehead. You know, when money flowed over like flowing water, this shock and impact were also very powerful!

"Yihua, should we run away if we do it, or should we occupy the mountain and become king for a long time?" Song Feng subconsciously glanced at Liu Yihua. Liu Yihua seemed to know Soros' every move, and Song Feng must listen to Liu Yihua's suggestions.

Liu Yihua thought for a while and said, "It's not good to occupy the mountain and be the king? After all, they are all brother countries, right?"

Song Feng rolled his eyes and said, "I have never seen you so shameless. Since you are a brother country, why do you take advantage of the situation? Okay, I know how to operate it!"

Song Feng is a master of trading in this field, and Liu Yihua just needs to take the overall situation into consideration.

Song Feng's face turned red with excitement. At this time, his eyes looked bigger and brighter than usual, as if a hungry wolf saw a sheep! The computer screen showed! Real-time data of foreign exchange trading markets in Japan, South Korea, Thailand, Singapore, Hong Kong and other places. Liu Yihua and Han Fengjun did not speak out, but just asked Song Feng to firmly operate according to the original plan.

The financial center is in a mess. Song Feng and Xu Xin are constantly in charge of high-quality updates, and they are very busy!

Liu Yihua knew that this time the Thai government was really out of business and was about to go bankrupt.

The easiest way to make a profit by speculating on the Thai baht is to short the Thai baht in the foreign exchange spot market.

It is expected that the Thai baht will depreciate against the US dollar at a certain moment in the future. You will borrow a large amount of Thai baht from relevant channels in advance and sell Thai baht in the foreign exchange spot market to obtain US dollars. After the Thai baht depreciates, you will buy Thai baht from the foreign exchange spot market to repay the loan. The remaining US dollars after repaying the principal and interest will constitute speculative returns.

The trading method of foreign exchange spot contracts is actually similar to the above process, only by amplifying the transaction amount through the leverage of margin, which is also called deposit trading.

In addition to speculating on the Thai baht to make profits in the foreign exchange spot trading market, another common way to attack a domestic market is to borrow Thai baht forward contracts from investment banks and sell them. Before the forward contract is delivered, the Thai baht depreciates and closes the position in reverse. You can make a profit.

Forward contract trading is similar to futures contract trading. However, before the crisis comes, futures contracts lack buyers. The trading volume is extremely sluggish. In addition to being able to establish short positions three to five months in advance, currency speculators rarely involve them.

A more complex speculative method is to short Thailand's bonds, stocks and stocks in the Thai securities market, and then short the Thai baht in the foreign exchange spot and forward markets. When the Thai baht depreciates and the Thai securities market collapses, it makes double profits.

Quantum fund and other funds are fully prepared to attack the hot money of the Thai baht land. They will inevitably establish a large number of short positions at the same time through various trading methods. Finally, through spot, spot contracts and forward contracts, the Thai government's defense will be completely defeated. High-quality updates

It can be said that after the Thai government gave up defense, it was a carnival feast for bears.

After the Thai government gave up its resistance, the central bank of Thailand will not continue to take over the foreign exchange market within a tolerable range. After the short position is closed, the financial giant lost its target of ravage in the Thai baht line. However, the Philippines, Indonesia, Malaysia, and countries that were originally known as the four Asian tigers together with Thailand, naturally became new prey.

Unfortunately, the risks hidden in the violent fluctuations of the Thai baht and Southeast Asian countries have significantly increased the interest on offshore lending of bank local currencies to punish those European and American investment banks that lend money to currency speculators.

Investment banks borrow money to speculators to collect commissions to make profits, but during the period of strict supervision, they must lend money from the central bank of currency banks to ensure their own currency adequacy ratio, and the borrowing interest rate has increased significantly. The cost of investment banks that are accused of speculators is also increased. In addition, currency speculators are coming, the demand for contract transactions has increased sharply, and the currency holdings of European and American foreign banks in Southeast Asia are not unlimited, so they are forced to significantly reduce the leverage ratio of contract transactions, and it is inevitable to increase commissions.

At this time, international currency speculators are almost forced to go to the spot market to trade short, but the blood spilled out of the first victory of the Thai baht will attract more profit-seekers.

If there is no leverage tool or the sharp reduction of leverage tool does not mean that the attack power suffered by other Southeast Asian countries will be weakened, but the profit margin that spreads to each currency speculator will drop significantly.

Liu Yihua knew all this very well, so how could he give up this good opportunity to take advantage of the situation?

The only pity is that the largest depreciation period for the Indonesian rupiah was after the first round of financial storm. Ah! The Indonesian rupiah had the largest depreciation among the goods markets of Southeast Asian countries. At that time, Indonesia had abandoned the fixed exchange rate system. After Indonesia gave up the fixed exchange rate system, the Indonesian central bank would no longer enter the foreign exchange market to take over, and long-term contract short positions cannot be established. Most of the short positions for the Indonesian rupiah in their hands were established in March. Since the delivery period restrictions cannot be extended by the end of this year, it is naturally impossible to catch the largest depreciation.

Now, Thailand's foreign exchange and financial markets are in chaos and dismal.

The Thai stock market and the real estate market collapsed. The economy fell into a complete recession.

Liu Yihua read a report. The Thai securities trading market began with the economic crisis. In three years, a total of 77 listed companies were forced to withdraw. No company was able to successfully list on the Thai securities trading market. The largest oil company owed tens of billions of dollars in foreign debt.

The violent chaos in Thailand's financial market has also affected the entire Asian financial market, and the Hang Seng Index in Hong Kong Island has continued to fluctuate and downward trend some time ago.

Liu Yihua remembers the history he experienced. The Southeast Asian economic crisis has been outbreak for almost a month. The Hang Seng Index is still trying to hit a record high, which just allows international speculators to return to the Hong Kong stock market after ravaging Southeast Asian countries. The futures index market has established a large number of short positions - surprisingly, during that time, Hong Kong Island financial media completely ignored the scale of Southeast Asian economic crisis and the impact on the Hong Kong Island capital market. International speculators who entered the Hong Kong Island financial market in advance were even more fueled, which made the Hong Kong Island financial market become an ATM for international speculators from October 1997 to July 1998!

The market is closed and the money is made! Song Feng, Han Fengjun, and Xu Xin are going to take Liu Yihua to the Victoria Hotel to celebrate!

Liu Yihua looked at her watch and called Li Yuting, asking her to celebrate together at the Victoria Hotel.

Xiao Ruoting, Xiao Ruoqing and Li Shishi are busy with other things.

When Xu Xin heard that Li Yuting and a female staff member of the working group, Hu Qian, told Liu Yihua to let Li Yuting and Hu Qian come together. Hu Qian is Xu Xin's girlfriend, but Xu Xin seems to have not completely solved it.

The Victoria Hotel is surrounded by famous shopping, business and entertainment centers.

When Liu Yihua arrived at the hotel, he left Song Feng and Xu Xin went downstairs to the lobby of the Victoria Hotel waiting for Li Yuting and Hu Qian to come back.

Liu Yihua helped Li Yuting and Hu Qian ordered drinks and snacks at the teahouse. It would take more than ten minutes for them to come.

Xu Xin must have been shocked by the scene of making money today, and he always showed a look of thinking, a little silent.

Liu Yihua smiled faintly and asked Xu Xin: "What do you think about? You want to make more money? Alas, this world is a ceasefire! Now, hehe, there are always people going to heaven and some people falling into hell!"

Liu Yihua just finished speaking, and the cell phone placed on the coffee table vibrated. Liu Yihua answered the phone. Li Yuting and the others were about to arrive at the hotel and asked him where he and Xu Xin were waiting for them. "You can come into the hotel lobby and see me waving to you!"

Liu Yihua smiled and said, "Or would you like to come out and greet you in person?"

"ah!"
Chapter completed!