The Rebirth of the Financial Hegemon

The Bank of Thailand's interest rate hike has become a breaking point for short sellers in the stock market.

As soon as the news of the interest rate hike was announced, many stocks on the Thai stock market suffered frantic selling.

Bangkok Stock Exchange, Jushi Asset Management’s seat.

Liu Qiang is directing in an orderly manner.

Liu Qiang is now a little more calm than in the past.

After a year of hard work, Liu Qiang is no longer the junior trader who trembles in fear when seeing hundreds of millions of funds.

With the highest united front direction, Liu Qiang can already command the offense very well.

"Sell 300,000 shares at 260, wipe out all buying orders at 240...1120 adds 50,000 short lots..."

"Hit the international media price to 310, clear all Thai oil, add 100,000 short positions to SET1080..."

On the big screen, countless data flashed rapidly.

Under the huge selling, the SET index fell crazily like a waterfall falling from the sky.

1080…..1070…1050….1030….998…970….

The Thai stock market collapsed.

In just two days, the highest rebounding high of 1170 fell to 970 points.

A drop of as much as 200 points has made the market gloomy.

Countless stock market investors were wiped out in the crazy decline.

For a time, even the experts who sang on time every day collectively lost their voices.

Amidst the sharp decline in stock prices, trillions of market values ​​were evaporated out of thin air.

In two days, the Thai stock market fell by 20%, the largest decline in the Thai stock market in six years.

This was second only to the one-day drop of 25% in 1990.

Affected by the Thai stock market, stock markets in the Asia-Pacific region experienced varying degrees of decline.

The 25% drop allowed Jushi Asset Management to gain five times its profit.

The cumulative positions held have reached 64 billion baht.

Compared with the initial investment of 2.3 billion baht, it has earned nearly 20 times the profit.

This is the craziness of highly leveraged futures.

Unlimited profit replenishment will increase the profit multiple exponentially.

This kind of short-term crazy profits can only be made in this kind of crazy plummeting market.

Of course, this is still nothing compared to the subsequent plunge of the Chinese market in 2015.

At that time, one account in Hong Kong earned one billion US dollars in one month from US$10 million.

New York.

Four o'clock in the morning.

Zhao Jiangchuan, who was still sleeping, was woken up by the harsh ringing of the phone.

Zhao Jiangchuan was suddenly awakened from his deep sleep, and one can imagine how angry Zhao Jiangchuan was.

Picking up the phone and ignoring it is just a curse.

Robert, who was on the other end of the phone ready to take credit, was scolding him bloody.

With so much enthusiasm, it's not just having sex, right?

Robert, who looked innocent, thought dirtyly, but he didn't dare to say anything and let Zhao Jiangchuan curse by himself.

Finally, most of Zhao Jiangchuan's anger was gone.

He asked angrily.

"Who?"

Robert was on the verge of tears and scolded no one, except his boss, without even asking.

Robert, who always liked to pretend to be an aristocrat in Thailand, now no longer has any elegance of an aristocrat.

He laughed bitterly.

"Boss, it's me, Carrot Head."

"Old Carrot Head, don't you know that God will blame you for disturbing someone's dream? If something happens, you can't call tomorrow?"

It was tragic enough for poor Robert to be forced to admit that he was a carrot head, but now he had an old carrot head in front of him.

This made the old carrot head give up his job.

After all, I am also an honorary knight of the British Empire. How could you do this to me?

Habit is not a good habit.

Even though he wanted to complain about his noble status, under Zhao Jiangchuan's long-term power, Robert did not even have the courage to defend himself.

Robert knew all too well how terrible the consequences of angering Zhao Jiangchuan would be.

Robert was scolded for a while by Zhao Jiangchuan, and most of Robert's previous excitement had already been scolded away.

He said, holding back the sadness in his heart.

"Boss, SET has fallen sharply in the past two trading days. Our assets on the books have reached 72 billion baht. Do you want to close part of the position?"

"Can't you just wait until tomorrow for this matter? Old Carrothead, you are from a noble family after all, and a mere 72 billion baht has excited you like this. Don't you feel that you have brought shame on your family?"

Oh, God.

How can it be said that it is only 72 billion baht.

This is 3.1 billion US dollars.

Robert was deeply hit by Zhao Jiangchuan's words.

Robert felt like he was like the unseen farmers on his home ranch.

Zhao Jiangchuan is a real nobleman who goes to the farmer's house to show off.

Boss, you must always get 13 points on your math test.

Enduring his resentment, Robert said helplessly.

"Boss, you haven't said yet whether you want to close part of your position."

Zhao Jiangchuan didn't answer.

He knew what Robert was asking.

As a senior official of the company and Zhao Jiangchuan's old butler, Robert naturally knew Zhao Jiangchuan's overall strategic plan.

All the exchanges in Thailand were done by Robert.

With such large profits, after being converted into U.S. dollars in the spot market, U.S. Treasury bonds can be purchased again to leverage.

However, the Thai stock market has collapsed and fallen. If we close our positions now, we will lose more than we gain.

Maybe after a few days of misalignment, you may miss out on greater profits.

With the current trend of SET, it is already at a time when the building is tilting and will truly collapse at any time.

Zhao Jiangchuan thought for a moment and said.

"Wait for two more days. The Thai market is currently at a time when people are panicking. The army is defeated like a mountain and falling. I estimate that there will be a stampede and a lot of killings soon. I will close the position before the weekend."

"..."

6pm Thailand time.

Prime Minister Banhan Siba Acha spoke on the news.

Banhan Sipa Acha said that policies to stabilize the financial market will be introduced as soon as possible and he does not rule out the possibility of using up to 500 billion baht to rescue the market.

Perhaps the words of Prime Minister Banhan Siba Acha had an effect.

The next day, the Thai stock market gapped higher and opened higher at 999 points.

It is only one point away from the whole number of one thousand points.

However, the price of 999 also became the highest point in the stock market. Less than five minutes after the market opened, the Thai stock market plummeted again that day as many heavyweight stocks crashed the market.

After the market closed, it dropped 120 points and finally closed at 879 points.

The market was in panic.

Neither Banhan Sipa Acha's speech nor the speeches of experts from all walks of life can save the collapse of the Thai stock market.

Panic funds, like defeated deserters, began to flee frantically regardless of the cost.

On every stock, there are sell orders flashing densely.

Large overpriced sell orders and small current price sell orders.

A short-lived purchase cannot even be caught by the naked eye.

All the money makes me want to have two more legs.

Even if the order is placed a little slowly, the transaction will not be completed because the price is too high.

By Friday afternoon.

Thailand's SET index has fallen to 760 points.

This position is fifty points lower than the lowest point of 810 points in 1993.