Chapter 825 Plunder
The family unanimously decided to go all out to protect the market.
After all, the Park family is also one of the top regiments in South Korea. How can people laugh at it?
But they didn't know that a wrong decision would make the entire family pay.
There are several other chaebols like them at this moment. They firmly believe that their strength can withstand the opponent's attack.
Unlike other places, the entire South Korean economy is almost controlled by them. In a sense, shorting South Korea is also equivalent to shorting them.
Therefore, their core interests are consistent, so several major families united to hold a meeting.
At all costs, he counterattacks strongly and knocks out the shorts.
But they found a problem: a large amount of South Korean won in the bank was borrowed by foreign capital. When the loan was made, some of them were helping, and some even did not hesitate to do illegal operations.
When they did this, they must have never expected that they would be today, right?
Someone took your money to smash your place.
What should I do if I don’t have enough foreign exchange?
Sell gold.
When using gold for foreign exchange, these chaebols have a lot of gold in their hands, and the current price of gold is rising, which is the time to take action.
So they exchanged a lot of gold for foreign exchange.
You should know that their behavior is completely transparent in front of Chen Fan.
Because any operation may cause market changes.
They sell gold for foreign exchange, and the price of gold falls, which is the basic law of the market.
Seeing that the gold price was about to fall, Chen Fan could of course anticipate their next move.
"Mr. Ning, cut down the international gold price in advance."
After the last round of fluctuations, Feifan Group repeatedly operated in the market, and now they have too much gold in their hands. In addition, the five major gold mines have accumulated a large amount of gold.
Therefore, without waiting for these chaebol families in South Korea to take action, Ning Xuecheng took the lead in selling gold in the international market.
When these chaebol families were about to take action, they took a look at the international gold price, darn!
Damn, the price of gold fell sharply.
The group of people looked at each other, how could they play?
Is it sold at a low price?
You should know that they rely on gold to exchange for foreign exchange. The lower the price, the less foreign exchange they can exchange for.
So they hesitated.
Zhao Linlin took this opportunity to short their stock market and foreign exchange, and Davidson was also increasing his investment layer by layer.
When they encountered this situation, what made them most desperate were the clever guys who scrambled to buy at the bottom the day before. They were still glad yesterday that they had picked up the cheapest chips, but they continued to plummet at the opening today.
They also got involved, and some people who added positions were also involved. They didn’t lose much, but now they make up for it more and more losses.
The foreign exchange market fell sharply, and the stock market fell continuously...
The entire financial market was in chaos, and the big chaebols gritted their teeth and had to sell their gold at a low price in exchange for foreign exchange.
At this time, the most magical scene in the world appeared.
A large number of Donghua aunties flocked to South Korea, and their tourism industry actually rose against the market. I don’t know how many Donghua aunties come and go to South Korea every day.
These people flocked to South Korea's gold and silver jewelry store and sold out all the gold in the store.
This scene was so amazing. South Korean chaebols were once worried that they would throw out so much gold and no one would take over it. As a result, when Aunt Donghua came, they were in vain.
"Close the position! Go long with the backhand, and then short."
Chen Fan issued an order to ask Davidson and others to switch quickly.
Because after they sold the gold, they had a lot of foreign exchange in their hands, and they would definitely protect the market.
In fact, the same is true of the market that Chen Fan saw.
There will be a rebound for at least two days next, and take this opportunity to harvest them again.
But the stock market is still in control because this rebound is limited and there is not much room for it.
Moreover, this operation is not cost-effective, allowing them to rebound a little, release the pressure and then make a second wave.
With the joint efforts of these chaebol forces to protect the market, the exchange rate was pulled back little by little by little, but there was still a big gap from the previous normal exchange rate.
Davidson kept looking at the disk, and this time he felt a lot.
But he couldn't control this scale and was confused.
His state is similar to most investors, and investors don’t know where the low point is or where the high point is?
If you are not careful, you will fall into it.
This wave of foreign exchange rebound only rose by 700 points.
Next came wave after wave, vigorously suppressing.
Countless short positions swept over, with a bigger and stronger momentum than before.
Many foreign exchange speculators can feel the suffocation and despair through the screen, which is described as a lyric from Donghua.
I can't escape, I can't love...
If this continues, the South Korean won will collapse and turn into a piece of waste paper.
This will directly cause the entire financial system to collapse.
South Korean management and several major chaebols held an emergency meeting to discuss countermeasures overnight.
As a last resort, we can only decouple.
Otherwise, it will cause domestic prices to rise, inflation, and cause immeasurable losses.
Ordinary people must use their own currency, but their currency is no longer valuable. If they take one dollar of international currency, they can exchange your countless South Korean won and then buy your stuff that is originally worth more than one dollar.
This is a kind of plunder!
The meeting lasted for two days and two nights, but still did not achieve effective results.
Someone discovered a problem at this moment, "No, they are acquiring our assets."
Upon hearing this news, several major chaebol families could not sit still.
It was not until now that they suddenly realized that they came for this.
Crash the entire financial system and then take the opportunity to acquire their cheap assets.
Then these enterprises become foreign-funded enterprises.
It's really a good plan.
At this moment, Park Yahee was very excited. The short orders she threw in had already achieved a lot of profits.
Because of the large leverage, I can get at least fifty times the profit.
This woman is also smart and talented. She doesn't care about the market she is coming, she just closes her position and leaves.
At present, the funds in her hand have reached about one-third of the peak of her entire family.
This also means that even if the entire family collapses, she can still preserve one-third of her strength for the family.
At this moment, other families are probably bleeding and terrible.
So in this battle, she is also a winner.
Of course, she can't say such things, otherwise she will be attacked by other families.
Although her actions are selfish, they are a way to protect herself.
Park Yahee doesn't want to announce the money for the time being. She needs to find a suitable opportunity to show off with the family.
It can also be said that this is her life-saving talisman.
Use this money to exchange for your absolute freedom and power.
Chapter completed!