Chapter Thirty-Seven: The Seesaw Is Fun
Grunuhaka is the heart of the Helsinki Design District and the economic and financial centre of Finland.
Nearly 30,000 people work here in just two miles of Finland's tallest skyscraper complex because at its heart is the location of the Helsinki Stock Exchange.
The Grunuhaka Building, more than 30 storeys high, stands on the upper floor of the building and looks into the distance through the turquoise glass curtain wall, the natural scenery of the Baltic Sea can be seen, if you look at it with a high-powered telescope, you can see various boats floating on the Gulf of Finland and even sexy girls in bikinis on the beach.
Slender and proud, fair or creamy wheat, the ups and downs are exciting as the girls frolic and chase on the beach.
On the twenty-eighth floor of the building, Yulia Sidorov held a high-powered telescope, scanning the girls on the beach back and forth, and from time to time, looking down at her imposing figure with the potential of torn clothes, a sense of pride suddenly arises.
The office is huge, not far away, and Qina Kanovski sits in front of the computer, excitedly typing on the keyboard, and under the continuous tapping of her slender five fingers, the display screen is densely refreshed with a series of red numbers.
feelings sold for 2000
feelings sold for 2000
Storaenso sold for 2000
Nokia sells 1000
......
Short selling, all short selling orders.
Since the Finnish stock market does not prohibit naked shorting, it is theoretically possible to sell unlimited securities as long as there is sufficient funds.
feelings sold for 2000
Storaenso sold for 2000
Nokia sells 1000
......
It was as if she had found a fresh toy, and she was excited, because every time a series of short stocks were traded, the corresponding stocks would fall a little bit.
Of course, the volume of Yina's input is not even a drop in the bucket in the market, but the problem is that in addition to the small volume of Qina's beating, there are also large sums of money that are frantically selling.
feelings sold for 20000
Storaenso sells 30000
storaenso buy 300
Nokia sells 10000
......
MetsΓ€, Stora Enso and Nokia are all big names in Helsinki, but they all have one thing in common: they are all forestry and real estate companies.
As Stora Enso's performance was affected by the drastic changes in the Soviet market, it was almost at a standstill, and as soon as the second quarter profit and loss report was released, it was subjected to a large number of market sell-offs; Nokia was similar, in order to survive the death, cut a large amount of high-tech research and development for the transformation of forestry structure, and immediately suffered serious financial pressure and became the object of capital abandonment.
Fenlin was no better, with house prices falling by 40 percent, which was a huge blow to Fenlin's paint sales, and Fenlin even had to lay off employees to reduce costs to reduce costs.
This is only a fundamental problem, the central bank suddenly raised the overnight lending rate several times, the total amount of funds in the market can be imagined, a lot of liquid capital in the bank loan maturity, have to return the borrowed funds to the bank, and some financial companies, in the central bank to raise the call rate at the same time, also raised the short-term call rate.
When many companies need to temporarily bridge when their accounts are due, the cost paid suddenly increases several times.
After all, stock prices are driven by capital, and the central bank's decision has almost made capital liquidity sluggish, and the securities market is like an abandoned child, which immediately becomes the object of all capital abandonment.
Bang Bang Bang β
Qina Kanovski was happily typing on the keyboard, and she had a good time, because the Helsinki index has fallen by 1.3 percent under various weights, and the short position of HEX in the company's account has increased by 30 million assets.
Suddenly, Feelings' transaction market smashed a 99999 sell, and under the blow of this large order, Feelings' stock price seemed to have suffered a Waterloo, and it was smashed down by 0.3%.
"Yulia. Come and see. β
Qina Kanovski shouted excitedly.
Yulia Sidorov put down her binoculars and walked over, and when she saw the bright red stock price, she was also excited.
21.33, is the lowest point of the stock price that feelings has been hovering in the near future, the company team has calculated, this price, is the last risk line of feelings, if feelings can't get the funds to buy, wait until the stock price is broken through, then feelings shares will trigger the bank's risk control system.
At that time, feelings will no longer be able to come up with funds to save it, and the bank will only be able to deal with the risk in the market according to the procedure.
Smack-
Excited, Yulia kissed her on the cheek.
One can imagine the consequences of having the shares of Feelings in the bank disposed of, which would be a disaster for the Finnish stock market and even the banking system.
"Yulia. What do we do now. β
Qina Kanovski said excitedly, her green eyes shining like emeralds. Yulia smiled wickedly and grabbed her jaw.
"I think. We should get down to business now, you say. Didn't that bastard say, keep the blood in his head? β
"Oh......"
"Most of Metham's shares are pledged in the Reserve Bank of Actia, and I think that once Methrin triggers the liquidation line, then Metsian Reserve Bank will definitely make a decision, and at that time, Metse will most likely collapse completely. β
"Yulia..."
"Qina. Don't be distracted, for now, you need to stay calm and close all your positions on HEX. β
"Hmm... Didn't you say that Fen Lin would collapse completely....."
"But I think An Ning will definitely make the right choice. β
β......β
MetsΓ€ is Finland's largest company of paints and decorative paints, employing nearly 10,000 people and employing nearly 30,000 people in the related industry chain.
The mood of tranquility has become very bad, and the whole person is also anxious, Nokia Group has cut a large part of the forestry structure, which has caused a large number of unemployment, if Stora Enso Group goes bankrupt and Metten also files for bankruptcy, then at least nearly 50,000 people will lose their jobs because of this.
If the situation of these companies deteriorates, it will also deal another heavy blow to the already stressed securities market, and even cause the banking industry to suffer irreparable losses.
"Damn! Damn. How so. β
Hanging up the phone, An Ning rubbed her hair and cursed.
"President. We must now help Mether through this crisis. β
"I know. But even if we help Mether solve the problem, other companies will soon have problems, and we simply can't deal with it. β
"So what do we do now. β
What to do!
An Ning covered his head, grabbed the cigarette on the table and smoked it, smoking three in a row, his irritability could be regarded as forcing him to calm down.
"Those international capitals have been temporarily pushed back by us, and I believe that they are not afraid to attack our exchange rate system again in the short term when they are not sure whether we will raise interest rates again, so now, I think, we can return the overnight call rate to normal levels. β
"But what will we do if they come again. β
"I think that Britain and Italy, as well as the rest of the European Community, will be able to detect the crisis and put pressure on the Bundesbank. β
β......β