The Son of Finance of the Great Age

  Chapter 351 Fighting openly and secretly

Zhong Shi here did not expect that a seller would appear to fight against him. From the board, it can be clearly seen that as long as his side sells the buying amount shortly after, the other party throws almost the same amount of Korean won Selling for the amount was a complete tit-for-tat. This situation took up more than half of the transaction time, but for some reason, the other party finally retreated.

   It's just that the other party just retreated, and the space left was immediately filled by the seller who had been eager to try, which made Zhong Shi heave a sigh of relief. In this way, in the process of continuing to close positions, Zhongshi, the largest buyer in the market, managed to maintain the exchange rate of the Korean won at the level of 1719.50 won to 1 US dollar before closing the transaction. Although it did not fall to the stop of trading, it was almost the same.

   After calculation at the close of the market, Tianyu Fund bought a total of 1,445 billion won this day, accounting for about 80% of the trading volume of the buying side of the Korean won transaction throughout the day. After two days of large-scale liquidation, the current Korean won spot held by Tianyu Fund has reached 2,345 billion won, which is almost half of the short position established before.

These Korean won cost Tianyu Fund a total of 1.342 billion U.S. dollars, while the US dollars obtained after the previous sale were as high as 2.392 billion U.S. dollars. That is to say, between one purchase and one sale, Tianyu Fund made a full profit of 1.05 billion U.S. dollars. as much.

  According to the estimates of the traders, if the Korean won continues to fall, this time they can at least earn more than 2 billion US dollars in the Korean won market. When the news was announced, almost everyone was smiling, and the entire trading floor was filled with joy, the decibels were so high that almost the entire building could hear it.

"Zhong Sheng? Zhong Sheng?" After finally squeezing through the crazy crowd, Andrew, who was already sweating profusely, leaned in front of Zhong Shi, shouted twice in Zhong Shi's ear, and then pulled Zhong Shi out of the door. Pulled back from the state of contemplation.

"What's the matter?" Zhong Shi shook his head and rubbed his aching ears from the shock. Then he noticed the joyous scene around him and asked in astonishment, "What's wrong with them? What's the matter?"

Andrew's eyes widened, and he looked at Zhong Shi in disbelief. After a while, he smiled wryly, shook his head helplessly, pulled Zhong Shi to a quieter corner, and said quietly: "Zhong Sheng, according to the current price of the Korean won The trend, maybe there will be a new low tomorrow, is it too hasty for us to close the position now?"

   Actually, it wasn't Andrew who had doubts in this regard, but other people also had them. But they can't speak in front of Zhongshi, and the current yield close to 50% is enough to satisfy most people. Only some analysts and traders still wanted to make more money, so they encouraged Andrew to speak in front of Zhong Shi.

Naturally, the careful thinking of Andrew and the people behind him could not be hidden from Zhong Shi. He took a deep breath, took out a cigarette case from his pocket, and just took out one in his mouth. On fire. After taking a deep breath and slowly exhaling wisps of green smoke, Zhong Shi said: "Greed is a good thing, but it depends on the circumstances. Andrew, I must remind you that you are really It’s too greedy, you must know that the current Korean won’s plunge will not last forever, and the Korean general election is coming, no matter which faction the candidate is, it is impossible to sit idly by and ignore the current situation.”

Andrew still did not give up. He lowered his head and thought hard for a while, then asked: "Isn't it possible that they will go back on their word? You must know that the current South Korean government has gone back on its word once or twice. Moreover, today there was a demand to abolish the agreement with the IMF." What about the demonstrations!"

"Really?" Zhong Shi sneered, and said disdainfully, "If... what if this so-called demonstration was created by a certain group in order to short the Korean won? Have you ever thought about this possibility? You must know that the total There were only a few dozen people who took to the streets to march, and they did not represent the so-called public opinion at all.”

Having said that, Zhong Shi glanced at Andrew and found that his face was full of shock, and he stood there in a daze, as if he had been petrified. Then he flicked the cigarette ash in satisfaction, and then said: "There are many intrigues in the capital market. It’s over, this simple method should not be too common. Just tens of thousands of dollars is enough to encourage some so-called overall teams to jump out and make trouble, and then skillfully take advantage of the current mentality of jittery and frightened birds in the market. It will be difficult for the Korean won not to fall!"

   "Then...then why are they doing this?" Andrew, who took a long time to recover, patted his chest with lingering fear, and then stammered.

   "For what?" Zhong Shi sneered again, "Of course it's for better profit. Is it just giving money to the Koreans for nothing? You idiot!"

After scolding Andrew, Zhong Shi touched his nose and said thoughtfully: "You have also seen the market today. If I hadn't killed it, I am afraid that the Korean won will immediately drop to the point where trading is suspended. Although I will buy it later Entered, but the other party also made a move, and sold tens of billions of won in spot, hoping to kill me as a buyer, but you have seen it all, and they will immediately flash away when they see something wrong , Isn’t this a conspiracy?”

   "What will they do next?" Andrew's mind was blank, and he just asked mechanically. For him, today's market is at most more complicated than in the past, and the transaction volume is larger. He never thought that there are so many complicated things in it.

   This time Zhong Shi didn't answer immediately, but sighed leisurely, threw the cigarette **** away, and said something inexplicable: "I don't know either!"

  Andrew was dumbfounded immediately, staring blankly at Zhong Shi, seeing that his expression was dignified and not fake, he sighed for a long time, shook his head and walked away.

  After Andrew left, Zhong Shi quietly returned to the office, dialed the South Korean phone number, and said: "Hey, Mr. Luo, now I have a good opportunity for you to make meritorious service. How about it? Do you want to do it?"

  …

   "Boss, I have personally delivered the money to them as you ordered."

  Although it was late at night Eastern Time, Julian Robertson still didn't rest. He was waiting for a call, a call from South Korea.

   Not long after the market closed, the call came as promised. Julian Robertson quickly picked up the phone, did not speak, but quietly listened to what the other person said.

Yes, just as Zhong Shi expected, today's demonstration by the so-called "Trade Union Party for National Democracy and Korean Unification Alliance" was driven by someone with a heart, and the price was a mere 50,000 U.S. dollars, according to today's exchange rate , that is 85 million won, and each participant can get about 2.8 million won. Just go to the Blue House to shout a few voices, and then accept interviews from TV media to earn such a large amount of income. Naturally, these people It is scrambling to be the first, regardless of the impact.

"In addition, I also heard a piece of news, I don't know if it is useful." The voice on the phone paused, and seeing no response here, he boldly continued, "A company called Dongxi Securities here in South Korea has closed down. , it will be announced recently. When I was chatting with them, one of the Koreans complained to me, saying that the parent company doesn’t care what they do, and saying that they will soon follow the example of Koryo Securities. I checked later After a while, I found that the company of Dongxi Securities is very large, and it seems to be the fourth largest securities company in South Korea. How could such a company collapse at will? Boss, what do you think?"

Julian Robertson here immediately became excited, the arm holding the microphone trembled slightly, and said repeatedly to the phone: "Well done, well done, Jimmy. As for whether it will go bankrupt, who cares? Jimmy , you remember, everything is possible. If there is nothing else, then hang up first, I have to deal with some things."

   There was a "hmm" on the other end of the phone, and then hung up.

Although there was a blind voice of "beep" in the microphone, Julian Robertson was not in a hurry to hang up the phone. What he never expected was that a chess piece that he had inadvertently placed before could play such a crucial role. function, so important news can be inquired casually.

Yes, the other end of the phone is Jimmy, a black young man who once had a relationship with Julian Robertson. After going to South Korea, he used his vacation time to frequently contact local associations and political parties. Under the circumstances, he quickly made friends with the leaders of some political parties through financial connections, and today's demonstrations were also planned by him under the instruction of Julian Robertson.

   As for why Julian Robertson took advantage of this opportunity to plan this operation, Zhong Shi had a vague guess, but he did not tell Andrew. In fact, Julian Robertson was satisfied with the current situation of shorting the Korean won, as Zhong Shi expected, and was ready to stop. Before closing the position, he just wanted to cause panic in the market in this way and further expand his income. This is how the previous scene happened. When Zhongshi bought, Julian Robertson regardless of cost. Fund fight.

  As an excellent fund manager, one must keep a clear head and strict logic at all times, not to be dazzled by profits, and not to be frightened by losses. Julian Robertson has all of these, but others may not. Therefore, when Tianyu Fund made a move to buy in the market, Julian Robertson's first reaction was to use a huge amount of funds to scare away opponents, so he directly ordered the traders. Tianyu Fund confronted each other head-on. The ideal was beautiful, but the reality was very skinny. Instead of being scared away, the other party took all of their selling orders.

  In this way, as the position increases, the exchange rate risk faced by Tiger Fund also increases. Seeing this situation, Julian Robertson decisively ordered the traders to stop and see the situation clearly first.

The result naturally left him dumbfounded. Even after the Tiger Fund stopped, the other party still bought a lot of money in the market, almost keeping the Korean won from falling below the 10% limit by itself. This made Julian Robertson shocked. A little more puzzled: Who is such a powerful organization?

  But now there is another news from Jimmy from South Korea. It doesn't matter who the agency is. He has made up his mind to take this opportunity to continue his plan to the end.

   "Who is afraid of whom!" Julian Robertson yelled secretly in his heart, and suddenly closed the phone with a "snap".

  …

  Traders were naturally puzzled by what happened in the market that day. They didn't know what the state was like, and they didn't know the identities of the two parties. But they are not in a hurry, knowing that news will come out soon under such circumstances. Sure enough, a piece of news from unknown sources began to circulate in the market soon, saying that in order to curb the fall of the Korean won, the Bank of Korea sold more than 200 million U.S. dollars today. The news also pointed out that if the Korean won fell again, the The possibility of another shot by the Bank of Korea.

  Traders are skeptical, but this is indeed the most likely explanation. What makes them wonder is, when will the Bank of Korea have capital to intervene in the foreign exchange market?

   Thanks to MOTO-V3, luoyanwin, the core of reincarnation, Bingzhou 109... and so on, all book friends who voted monthly! Thank you for your great support! The new month has begun again, and the author will continue to work hard. I hope everyone will continue to support~

  (end of this chapter)