Urban: I Am God

Chapter 324 Explosion

"Quick! Let's do it!" Malaysia's financial department, when seeing more than a dozen short-selling orders appear, the person in charge broke out in a cold sweat.

Just now, the other party has been fighting with those hot money who are doing more for so long, and now there is such a terrifying power. Could it be that there is a new force to attack?

But regardless of whether they have it or not, they must make a move. If they don't make a move, the exchange rate will drop, and it will be really difficult to get up again.

The Malaysian government immediately began to use foreign exchange reserves to quickly enter the market to control the speed of short selling, and their foreign exchange reserves quickly began to go long, using US dollars to buy ringgit from short sellers to stabilize the exchange rate.

They don't dare to use too high a leverage, and they all maintain a leverage of 1:10. 10 billion US dollars is equivalent to a 100 billion US dollar order. Under this kind of leverage, the margin is 10%. If you eat it, the exchange rate will drop by 10%, and if you don't pay enough margin, you will instantly liquidate your position.

This is the so-called forced liquidation. Once the position is forced to liquidate, your $10 billion margin will be wiped out in an instant. But in such a large-scale operation, it is impossible for them to leave too much margin in each account, because if you leave too much margin, the number of accounts you can operate will be reduced, and the range you can operate will be directly leveled by the enemy.

How to maintain an appropriate margin amount is a science, which is why, many people say that financial speculation is even crueler than the battlefield! In it, billions of dollars are lost in minutes.

At this moment, the Malaysian government has invested 30 billion US dollars in foreign exchange reserves to maintain stability, and more funds are ready to enter the market at any time, but their foreign exchange reserves are only about 120 billion US dollars, which is already a quarter of their total foreign exchange reserves .

But what they didn't know was that part of the funds used to disperse the firepower on Tian Zhong's side was used to do more, and it was to collect ammunition.

The premise of short selling is that you have enough ringgits in your hands. In fact, ringgits and US dollars in the foreign exchange market are like goods. If you have enough ringgit in your hand, you can sell ringgit at a low price, and lower the exchange rate while selling short, so that your short selling order can be traded.

There is still an hour before the market closes, and the exchange rate of the ringgit seems to have stabilized, but what no one knows is that at this moment, with the assistance of a huge supercomputer, Tian Zhong has collected enough ammunition here.

"Attention everyone, after three minutes, let's do it collectively, and I will blow up their accounts in the shortest possible time!" Tian Zhong said in a deep voice.

Following Tian Zhong's order, the entire network seemed to be ready to go, and three minutes passed in a flash. When the last second of the three minutes was skipped, the Malaysian Ministry of Finance, the traders who had just breathed a sigh of relief Limp on the chair, the situation just this morning was too tense.

But a trader just slumped on the chair, suddenly, dozens of short-selling orders of ringgit popped up on the foreign exchange market.

"Quick! There are a lot of short-selling operations!" The trader screamed directly. Under the tense atmosphere, even his voice was a little distorted.

"The position has entered the warning line! New funds are needed to enter the market soon!"

"Quick, quick, increase the margin! Increase by 20% each!"

"It's too late! The other party has taken all the orders... It's over!" As a trader lost his mind for a while, his account was directly on the verge of liquidation, and the margin was insufficient, and he was directly forced to close the position by the system.

"Quick! Increase the deposit for other accounts, double the deposit!" The person in charge shouted loudly.

The keyboard was constantly crackling, and the atmosphere in the entire hall was as frenzied as gunpowder.

"I am done!"

"I'm about to blow up my position here! Hurry up!"

An hour flies by,

When the market was finally closed, all the traders slumped on their chairs, and everyone breathed a sigh of relief, but soon, most of them immediately turned into mournful expressions.

Because most of their accounts, at least half of them were directly forcibly liquidated! Although part of it was saved! But when the market was closed in the morning, the exchange rate fell by more than 18% from yesterday! This means that they have suffered heavy losses!

"How much was lost?" Standing on top, the person in charge asked hoarsely.

"We currently have a total of 28.7 billion U.S. dollars in accounts that have been forcibly liquidated. With new positions and increased margins, the current loss plus the use of foreign exchange reserves is 63.2 billion U.S. dollars!" The assistant next to him immediately swallowed his saliva, and then said nervously road.

Half of the foreign exchange reserves are gone!

"Master, we have won a phased victory for the time being." Tian Zhong said with a smile.

"Oh?" Hu Fei is actually a bystander here, but several people in charge of the operation still couldn't help cheering, and Hu Fei knew he had won.

"How much did you earn?" Hu Fei couldn't help asking.

"The current profit is 24 billion U.S. dollars. Of course, it does not count the funds we have invested in it. If you count the funds invested in it, these are not considered profits." Tian Zhong said with a smile.

It's because Hu Fei is used to the terrifying funds, but he still couldn't help but gasp. In just one morning, he made a profit of 24 billion U.S. dollars? Fuck! How much did Soros earn in 1997? Of course, in 1997, Southeast Asian countries did not have so much foreign exchange reserves.

Moreover, Soros did not have that much capital at the time, but it was precisely because of this that Soros appeared to be awesome. Soros’ capital was only more than 20 billion U.S. dollars at the time, but it was more than 20 billion U.S. dollars in funds that just leveraged Southeast Asia. The foreign exchange markets of all countries have almost cut the foreign exchange reserves of Southeast Asian countries.

In the end, Japan and South Korea were all unlucky. If Xiangjiang was not backed by the country, Xiangjiang would not be spared. How could it be possible to win in the end, and Soros and the others suffered a dark loss and ran away.

The reason why Hu Fei was able to achieve such a terrifying effect in such a short period of time was because Hu Fei had too much money in his hands.

Don’t say that Soros back then had Hu Fei’s so much money, even if Soros had 200 billion U.S. dollars back then, it’s still unknown whether Xiangjiang can resist.

No wonder the financial battlefield is so terrifying, Nima, what a morning. Just made a profit of 24 billion U.S. dollars... It is not surprising that trillions of U.S. dollars of assets were divided up when the Soviet Union collapsed.

But that's just halftime.

Hu Fei's place was full of jubilation, but the Malaysian government's place was already covered with dark clouds. Mahat's face was gloomy and ugly. He never expected that even if he used foreign exchange reserves, he still couldn't resist the opponent and was directly exploded by the opponent. There is a wave of warehouses, which means that they have less money in their hands, but the other party has more money!

Under such circumstances, Mahat couldn't help thinking of the words Hu Fei brought back, "The value of these companies is very good, if you have any funds in the future, you can come to me. Would mind buying those shares back."

Thinking about it now, this is a blatant warning!