Chapter 985: The Tragic Island Country
Originally, with the economic strength of the island country, it was not easy for Soros to succeed. It is a pity that in this financial crisis in Southeast Asia, no matter which country is unlucky, the island countries will 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 countries such as Southeast Asia. The development of these Southeast Asian countries with finance and real estate as their pillar industries is actually facilitated by the island countries.
Isn't this model the model of the rise of the island nation in the past?
At the beginning, the island country was tricked by the United States, and the economy regressed for ten years. Later, they thought that if they invest abroad, if there is a problem in the domestic economy, they will cheat other countries. This is what they learned from the United States, and they can continue to consolidate their island country's position as the leading economy in Asia.
But they didn't expect that the economies of those countries would collapse first before they could do anything!
And those countries have many 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. The economies of those countries are growing at a high speed, and their investments can also make money, so they are still investing more every year, and the amount of investment is getting bigger and bigger.
As a result, Feng Yu and Soros teamed up to sweep many Southeast Asian countries last year, causing the financial industry of those countries to decline sharply and the currency to depreciate greatly.
It is certain that those countries have lost a lot, but every country is unlucky, and the island countries are affected.
Since the second half of last year, banks and securities companies in island countries have gone bankrupt. In the past few months of this year, more and more banks and securities companies have gone bankrupt, because companies in those countries have continued to go bankrupt.
If the loan and investment can't be recovered, how can it not go bankrupt?
Banks and securities companies in the island country went bankrupt and their business contracted, which exacerbated the financial crisis in Southeast Asia, and it can even be said to have spread to the whole of Asia.
At this time, the Japanese yen was also affected and began to fall slowly, but the decline has not been large. At the beginning of this year, it stabilized, and the exchange rate against the US dollar was 120:1, which was slightly lower than the 115:1 in last year. Still acceptable.
But today, the yen suddenly fell to 124:1, which is the biggest drop in a single day in this period of time!
The island nation is on alert. Someone must be attacking the yen, and the most likely person is Soros!
As they expected, Soros led people to slowly attack the yen. In fact, even if they do not attack, the fall of the yen is inevitable. Many of their foreign debts cannot be recovered, and the economy has suffered serious setbacks.
What's more, Soros is attacking the yen again. Although the effect is not as good as attacking the Indonesian rupiah, the decline of the yen has become a trend.
The fall of the yen has aroused the vigilance of those investing in the island countries. They did not expect the financial turmoil in Southeast Asia to spread to the island countries.
Coupled with Soros's momentum, he kept releasing news in various media, saying that the economy of the island country was about to collapse again, and persuaded investors to quickly sell the yen and replace it with a stronger dollar.
Soros' name is still very resounding, and some people responded one after another. Coupled with Soros' operations, it is normal for the yen to fall.
After Feng Yu got the news from He Zhaoji, he immediately stared at the Japanese yen curve, and then looked at the stock index curve of the island country. He was sure that Soros must have made the move!
"Old He, according to our plan, short the yen. Remember, you must do sufficient hedging, and this investment must be stable." Feng Yu warned.
He was afraid that He Zhaoji would be too greedy, and if he didn't do hedging, he would sell the Japanese yen with a large amount of money, and he might lose a lot of money due to a violent fluctuation.
Futures make money quickly, but when losing money, it is also very fast.
"Don't worry, boss, we will be careful."
After hanging up He Zhaoji's phone, Fu Rongqi called. He discussed with Feng Yu the strategy of investing in Japanese yen.
The opinions of the two are the same, using low leverage to short sell the yen, and at the same time do reverse hedging,
To prevent the yen from being pulled up suddenly and let them liquidate their positions.
The last time they made a lot of money, they all became more conservative. It really echoes the old saying: The older the world, the less courageous it is!
...
"President Dahe, our stock has fallen again today."
"I know, you don't need to remind me all the time!" Norixiong Dahe 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 some foundry companies even went bankrupt! Those companies still owe them the material fees they paid in advance!
Norio Ohga almost scratched his head because of this, and the stocks of his company listed in Tokyo also began to fall.
Of course, it's not just their Souni, the stocks of many companies in the island country are falling, and even the entire market is falling.
Originally, they all thought that they could resist it. The island country's economy has recovered fairly well, and it should be able to resist this risk.
But with the bankruptcy of banks and securities companies in the island country, the credit crisis in countries such as Thailand has become more serious, and the economic collapse has been exacerbated again.
This creates a vicious circle that inevitably spills over to the island nation's economy.
Although many of their big consortia joined forces to stabilize the stock market and the exchange rate of the yen, they also failed.
They don't dare to invest too much. If they can't bear it and all the cash is invested, it will have a greater impact on the company.
Those consortiums that own bank shares suffered the worst losses. Bank stocks plummeted and their assets shrank a lot. More than 35% of the loans have been determined to be irrecoverable, and many of them have to postpone repayment. Not many can repay the loans normally.
And those debts denominated in foreign currencies also caused them heavy losses. How did they know that the currencies of those countries would collapse so soon. △≧miào.*bi(.*)gé△≧,
Especially this month, the real estate bubbles in those countries have also collapsed. Whether it is Thailand or Nanyang, those countries with severe financial crises, real estate prices have begun to plunge. They have stabilized real estate for nearly a year, and they can no longer stabilize.
Real estate also collapsed, causing their economic collapse to be even worse, and the island nation suffered even more from it.
They originally wanted to stimulate the economic growth of the island countries through the economic growth of these countries. It can even be withdrawn one day, causing the economy of a certain country to collapse.
But unexpectedly, before they had time to make a move, Soros made the move first, and they were also implicated and suffered great losses!
...
"Feng, you said that once the yen falls unstoppably, Soros and the others will aim at Xiangjiang or Russia. Does that mean we should 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 the others will attack. At that time, we will fight back and inflict the greatest damage on them!"