Chapter 985: The Tragic Island Country
Originally, with the economic strength of the island country, it was not easy for Soros to succeed. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć infoUnfortunately, in this financial crisis in Southeast Asia, no matter which country is unlucky, the island countries will have to bear part of the losses.
The banking industry of the island countries is highly developed, and there is a surplus of currency, so they invest in Southeast Asia and other countries, and these countries in Southeast Asia have developed finance and real estate as pillar industries, which are actually promoted by the island countries.
Isn't this model the model of the rise of island nations in the past?
At the beginning, the island country was pitted by the United States, and as a result, the economy regressed by ten years. Later, they thought that if they went abroad to invest, once there was a problem in the domestic economy, they would pit other countries, which they learned from the United States, and they could continue to consolidate their position as the economic leader of the island country in Asia.
But they didn't expect that if they didn't need to do it, the economies of those countries would collapse first!
And those countries have a lot of island country banks, and the island country banks have also invested a lot of money in those countries and repaid a lot of loans.
This was originally a good investment, and the economies of those countries are growing rapidly, and their investments can also make money, so they are still investing more and more every year, and the investment amount is getting bigger and bigger.
As a result, last year, Feng Yu and Soros joined forces to sweep many countries in Southeast Asia, causing a sharp decline in the financial industry of those countries and a large depreciation of currencies.
It is certain that those countries have lost a lot, but every country is unlucky, and it has affected the island countries.
Since the second half of last year, banks and securities companies have begun to go bankrupt in island countries, and in the past few months of this year, more and more banks and securities companies have gone bankrupt, because companies in those countries continue to go bankrupt.
If you can't recover your loans and investments, can you still not go bankrupt?
The bankruptcy of banks and securities companies in island countries and the contraction of business have exacerbated the financial crisis in Southeast Asia, and it can even be said that it has affected the whole of Asia.
At this time, the yen was also affected and began to fall slowly, but the decline has not been large, and it stabilized at the beginning of this year, and the exchange rate against the dollar was 120:1, a slight decline from 115:1 in the middle of last year, but it was acceptable.
But today, the yen suddenly fell to 124:1, which is the largest single-day drop in this period!
The island nation is alert, this must be someone attacking the yen, and the most likely person is Soros!
What they expected was that Soros led people to slowly attack the yen. In fact, even if they do not attack, the fall of the yen is inevitable, and many of their foreign debts will not be recovered, and the economy will suffer a serious setback.
What's more, Soros is attacking the yen again, although the effect is not as good as attacking the Indonesian rupiah or something, but the yen has fallen, which has become a trend.
The fall of the yen has alarmed those who invest in island countries, who did not expect the financial turmoil in Southeast Asia to reach island countries.
Coupled with Soros's momentum, he constantly released news in various media, saying that the island country's economy was going to collapse again, and persuaded investors to quickly sell the yen and replace it with a stronger dollar.
Soros's name is still very loud, some people have responded, and coupled with Soros's operation, it is normal for the yen to fall.
After Feng Yu got the news of He Zhaoji, he immediately stared at the yen curve, and then looked at the stock index curve of the island country, he could be sure that Soros must have made a move!
"Lao He, according to our plan, short the yen. Remember, you must do sufficient hedging, and this investment must be stable. Feng Yu advised.
The first few times the income was so high, he was afraid that Ho Shau-kee would be too greedy, and if he didn't hedge and shorted the yen in a big way, he might lose a lot of money if it fluctuated violently.
Futures make money quickly, but when you lose money, it's just as fast.
"Don't worry, boss, we'll be careful."
Hanging up He Zhaoji's phone, Fu Rongqi's phone called, and he discussed with Feng Yu the strategy of investing in the yen.
The two of them agreed on the same opinion, using low leverage to short the yen, and at the same time hedging in the opposite direction, so as to avoid the yen suddenly rising and causing them to liquidate.
The last time they made a lot of money, they all became more conservative. It really responds to the old saying: the older the rivers and lakes, the less courageous they are!
ā¦ā¦
"President Oga, our stock fell again today."
"I know, you don't have to remind me all the time!" Norio Ohga said angrily.
This damn financial crisis has caused the economies of many countries in Southeast Asia to collapse, and their investments in Southeast Asia, especially factories and branches, have been severely impacted.
The output is reduced, the products are unsalable, and there are even some foundry companies that go bankrupt directly! Do those companies still owe them the material fees they paid in advance?
Norio Oga is about to break his head for this, and their company's shares listed in Tokyo have also begun to fall.
Of course, it's not just them, but many company stocks in island countries are falling, and even the entire market is falling.
Originally, they all thought that they could resist it. The island's economy is recovering fairly well and should be able to withstand this risk.
But with the collapse of banks and securities companies in the island country, the credit crisis in Thailand and other countries has become more severe, and the economic collapse has been exacerbated again.
This has created a vicious circle that inevitably affects the economy of the island nation.
Although many of their big conglomerates joined forces to stabilize the stock market and stabilize the yen exchange rate, they also failed.
They don't dare to invest too much, in case they can't bear it, and all the cash is invested in it, the impact on the enterprise will be greater.
Those consortia that own shares in banks suffered the most losses, with bank shares plummeting and their assets shrinking a lot. More than 35 percent of the loans have been confirmed to be unable to be recovered, and many have to postpone repayment, and there are not many loans that can be repaid normally.
And those debts denominated in foreign currencies also cost them a lot, how did they know that the currencies of those countries would collapse so quickly.
Especially this month, the real estate bubble in those countries also collapsed, whether it is Thailand or Nanyang, those countries with serious financial crises, real estate prices have begun to dive, they have stabilized real estate for almost a year, and can no longer stabilize.
Real estate also collapsed, causing their economic collapse to be even worse, and the island nation suffered more as a result.
Originally, they wanted to use the economic growth of these countries to stimulate the economic growth of the island countries. It can even withdraw investment one day and collapse the economy of a certain country.
But unexpectedly, before they had time to make a move, Soros made the first move, and they were also implicated and suffered great losses!
ā¦ā¦
"Feng, you said that once the yen falls unstoppable, Soros and they will aim at Xiangjiang or Russia, so are we going to start preparing?" Kirilenko asked.
"No, we have to wait, if the stock market rises abnormally and the currency appreciates abnormally, it means that Soros and they have attacked, and at that time, we can give them the biggest blow if we fight back!" (To be continued.) )