The Rebirth of the Financial Hegemon

money, currency.

The material manifestation of wealth.

It offers food, drink, clothing and supplies.

Because it can buy anything you want, money became the goal that everyone pursued the day it appeared.

Many times, people seem to live just for money.

And once the money in someone's hand suddenly shrinks significantly, that gap can be as life-threatening as losing blood.

Bangkok.

Near the entrance of the Securities Exchange Building, a group of people gathered together and looked up, whispering to each other from time to time.

At the center of everyone's attention, a man in his thirties was standing numbly on the edge of the top floor of the Securities Building.

On the roof of the building, a strong wind roared.

Maybe it will be blown down by the wind accidentally.

But instead of going down, the man moved a few steps ahead.

Anyone can see that the person on the roof is seeking suicide.

As for the reason, the people downstairs can also guess it.

Jumping off a securities building is most likely related to the recent securities market.

There are 345 companies listed on the Thailand Exchange, with a total market capitalization of 9.49 trillion baht.

Its indices include: SET index, SET50 index and SET100 index.

The highest point was in January 1994.

The SET index once rose to 1,798 points.

At that time, investors in Thailand were happy.

But no one expected that the stock market, which had been oscillating around 1,700 for two years and was about to rise in its second wave, would suddenly plummet like a cliff.

Just less than a year.

The stock market was cut in half again and again, and quickly fell to the current 330 points.

Under this crazy plunge, the total market value of Thailand's securities shrank from 9.49 trillion baht to less than 2 trillion.

Countless investors have suffered huge losses during the stock market crash.

But that's not the most unacceptable thing.

Amid the plunge in the stock market, Thailand's major property prices also experienced unacceptable drops.

House prices in Sathorn area, Asoke area.

It fell by more than 60 percent.

This is despairing.

In the plummeting housing market and the plummeting stock market, many people lost all their wealth and even owed a large amount of foreign debt.

Because, 60% of the trading volume of the Stock Exchange of Thailand is contributed by retail investors.

Twenty-eight percent of the participants are from local investment institutions, and the remaining 11% are from overseas investors.

About half of the trading volume from retail investors is contributed by professional investors.

Chachai is one of the professional investors in Thailand.

Three years ago, Chachai bought a house with a loan in the Sathorn area.

installments over twenty years.

Then, Chacai took out other funds to allocate securities assets.

The purpose is to earn profits through the stock market and then repay the monthly loan required to buy a house.

The first two years were pretty smooth.

With his rich trading experience, Chacai can make a lot of money in the market every year.

In addition to being able to repay the mortgage on time, there is still a lot of room left.

But six months ago, all this changed.

Plunge, plunge again.

If it falls by 10% today, it could fall by 15% tomorrow.

It falls 20 percent this week, rebounds 5 percent the next week, and then falls again.

Day Yinxian, Zhou Da Yin, and Moon Da Yin.

Countless big negative threads, like giant sticks one after another, knocked Chachai's whole body into confusion.

He is broke.

The stock market has fallen by more than 600 points in the past six months.

A drop of up to fifty percent.

Of this 50% decline, Chachai lost 90%.

In desperation, Chachai borrowed another loan from the bank in the form of a remortgage of his house, and also borrowed 300,000 baht from a friend to continue investing.

The stock market has fallen so much that as long as it rebounds once, a lot of losses can always be recovered.

But Chachai was disappointed.

The stock he added to the market at 440 points lost another 20% in less than two days.

Although the Ministry of Finance and the Prime Minister's Office have promised several bailouts, the market has not risen but has continued to accelerate its decline.

Chachai desperately discovered that the market had no bottom at all.

Because, the central bank raised bank deposit and loan interest rates to 14% last night.

Such high interest rates, unprecedented in history, will have an unpredictable impact on the securities and real estate markets.

But as you can imagine, this is definitely an epic super negative.

House prices will plummet as a result.

The stock market will inevitably fall again under such a huge negative situation.

There is no hope anymore.

In the high altitude in winter, the wind is biting.

The cold air blowing into the neck makes people get goosebumps involuntarily.

But Chachai couldn't feel any cold.

The despair in his heart made him lose all feeling.

Chachai glanced numbly at the crowd of people watching downstairs.

He closed his eyes gently.

sorry.

My wife and kids.

I hope you can forgive me for my cowardice.

"ah!"

With one exclamation after another, Chachai jumped down from the top of the Securities Building.

Chachai's jump from the building was not the end.

At 10:30 that morning, the securities market opened.

Affected by the sharp increase in interest rates by the central bank, the SET index jumped 33 points lower.

A decrease of ten percent.

Opening price, 297 points.

The air of despair is spreading.

The price broke through 300 points, making all securities investors feel the despair of being unable to breathe.

Jushi Asset Management Trading Department.

Robert picked up a cup of coffee and took a sip.

He stayed up all night.

When the Bank of Thailand announced its interest rate decision last night, he received the highest order from above.

Today will be the day of the ultimate showdown.

"SET50, buy five thousand lots."

"STE100, buy three thousand lots..."

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