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The KOSPI index is now 2347, an increase of more than 40 points in two days. During this period, the Thunder sold approximately US$40 billion in bullish positions through over-the-counter agreements and recovered US$16 billion in funds. After the replacement, it still remained in the Korean market for about US$40 billion. It's $10 billion.

In the eyes of outsiders, these bargaining chips were snatched from the tiger's mouth and forcefully pried from Thunder.

But when the Thunder continued to sell its positions in the Korean capital market, the market suddenly fell silent for a while.

When the magnitude of transactions in the capital market is too high, the cost required is not low at all. If you want to bypass those damn restrictions, you can't do it without great ability.

If the Thunder were to process those chips in the secondary market and then transfer and replace the proceeds, the time alone might take weeks.

What now? An opponent came forward, happily took over the selling offer, and helped the Thunder make a layout.

If it was known that the Thunder was going to sell these chips, and the opponent would be crazy enough to offer corresponding preferential terms, there would definitely be twists and turns in this matter.

"Retreat? Or more extreme... short selling?"

If the Thunder just withdraws, the rest of his contract will be taken over. If it is a backhand short, the problem will be serious.

"Thunder has no intention of withdrawing funds from the Korean market." Li Eun-kyung, Seoul, South Korea, hung up the phone with a hint of trembling in his tone: "The 10 billion has not flowed out, and the bullish contracts are being sold quickly, and they are closing their positions!"

"This guy...damn it, I knew it, I should have known..." Mayor had a complicated expression and muttered, but a smile slowly appeared on his face: "We were fooled."

The bullshit of exchanging positions in the Korean market for Thai baht, and the ridiculous transfer of investment direction are all fake. The Thunder did not retreat, but retracted their fists. Lei Hao's goal was to short the Korean market and manipulate the Thai baht exchange rate. , strive to independently deploy the Thai market.

"We were fooled." Mayor's tone was heavy, but also full of expectations: "Don't worry about the baht, remember our conclusion, don't use any tricks, use our funds to crush them!"

"Maybe they just backed out." Li Enjing felt guilty.

"No, with so much money in the Korean market, are the Thunder preparing to earn interest? He will definitely go short!" Mayor's premonition was extremely strong: "From the moment he rejected us, we should have known that he did not want to bow his head!"

Judging from the confrontation on the financial side, Lei Hao counterattacked. He first made a gesture of being optimistic about the Korean market. Once the chips were released, he immediately began to clear his positions and prepare for short selling.

Calculating this, the Thunder must get the Thai baht, and it is also because they are bearish on the Korean capital market. They have been ready to turn their guns. When the chips are converted into funds, the Thunder will break free from the shackles, draw out their strength and start to look at the tiger. The Thai baht exchange rate has also shown its ferocity to the Korean market.

"We did not originally reserve so much funds for the Thai market, which means that if both sides operate, the leverage will be relatively higher."

"The bulls have seized more concentrated chips, which is equivalent to releasing the power of other market participants. From this perspective, the forces we face are generally the same."

"The stock market crashed, funds either fled or escaped, and the Korean won exchange rate fell. This is our current analysis conclusion, but the exchange rate change should not be large. South Korea has enough foreign exchange reserves to cope with these fluctuations."

"The Thai baht has only one exchange rate, but due to the unsmooth entry and exit channels, the Bank of Thailand's approval of capital projects and the circulation speed of the Thai baht have a greater impact on the exchange rate. By borrowing from the inter-agency market, we can exert downward efforts on this."

"We do not have strategic-level currency reserves. Rather than manipulation, I prefer to use guidance to explain the plan."

Hong Kong Island, Thunder.

Lei Hao let out the suffocation he had felt during this period. In his own territory, he could express his opinions as much as he wanted.

The plans of financial institutions will be relatively stable in general directions, but the specific steps are constantly changing.

Now, Lei Hao is analyzing more about the general direction. Each step will be formulated by Leo, Tao Liyu, Zhao Lichen and others based on all the documents. The final plan signed by Lei Hao will be Trading plan for the day.

When the plan is passed to the person in charge of the trading department, it has a certain degree of flexibility. When it is handed over to the trader through the person in charge of the trading department, the flexibility will be further reduced. In the end, the front-line trading personnel are like soldiers, working hard to complete the tasks assigned by their superiors. given the task.

If the flexibility of the plan cannot cover the fluctuation range of the market, the director of the trading department, the director of the investment department, and the general manager of the research and analysis department will play a huge role. They can meet at any time to adjust the trading plan.

For the Thunder on November 13, the trading plan was very straightforward: sell!

Follow the steps to exchange the chips in the Korean capital market for cash, and then start to establish short positions in small amounts. Slowly, the overall short position will appear.

When the plan is implemented, the first question immediately arises, whether the KOSPI index will fall, and whether there is enough volume to support Thunder's liquidation work.

"The relevant point for changing hands of bullish positions is 2340. If we don't maintain the selling volume during the rise, we might as well follow the original plan and pursue the average position of 2350."

"But we can't wait too long, the money can't sit still."

"Selling bullish positions, selling short contracts, and starting to sell Korean won. This is a systematic operation. However, for the time being, we have to look forward to good news in the Korean market."

"It's such an irony."

In order to build a position, financial institutions hope that when they are short, they hope that the market will be positive, stimulate volume, and raise the price at which they can sell short; when they are bullish, they hope that the market will be negative. These two phenomena are very common, but relatively speaking, this kind of mentality It will appear more among the main players, because... only big funds can influence the market.

The Thunder wanted to trade long for short. In the early days, all they hoped for was that the index was high enough and the volume was high enough.

However, judging from South Korea's economic data, the index seems to be improving, but the capacity cannot meet the needs of the Thunder, which means that it has begun to show a shrinking and rising trend in recent times.

This is a very dangerous sign, proving that both upward and downward forces are hesitant.

The second Monday of every month is the time when South Korea releases economic data. By November, which is close to the end of the year, institutions are actually preparing to withdraw funds. Even if the Korean market is improving, it cannot escape this objective phenomenon.

Therefore, energy will always appear. The difference is whether it is above or below. The Thunder thinks it will be above because... it cannot fall down.