Chapter 324 Liquidation

"Hurry up!" Malaysia's financial sector, when he saw more than a dozen short-selling orders appear, the person in charge here broke out in a cold sweat.

Just now, the other party has been killing those long-term tour capital, and now there is still such a terrifying power, could it be said that there is a new force to do it?

But whether there is a shot or not, they have to make a move, if they don't make a move, the exchange rate will fall, and if they want to come up again, it will be really difficult.

The Malaysian government immediately began to use its 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 the ringgit in the bears' hands and stabilize the exchange rate.

They don't dare to use too high leverage, they all maintain a leverage of 1:10, $10 billion is equivalent to a $100 billion order, under such leverage, the margin is 10%, if the other party instantly eats all your orders directly, the exchange rate drops directly by 10%, and in the case that you do not pay enough margin, you will be liquidated instantly.

This is also known as forced liquidation, once forced liquidation, your $10 billion margin will be lost 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 they leave too much margin, the number of accounts you can operate will be reduced, and the range of operations you can operate will be directly leveled by the enemy.

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

At the moment, the Malaysian government has invested $30 billion in foreign exchange reserves to maintain stability, and there are more funds 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 all their foreign exchange reserves.

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

The premise of short selling is that you have enough ringgit in your hand, but in fact, the ringgit and the dollar in the foreign exchange market are like the same goods. You have enough ringgit in your hand to sell the ringgit at a low price, and at the same time smash the exchange rate at the same time, so that you can sell the short order.

There was still an hour before the market closed, and the exchange rate of the ringgit seemed to have stabilized, but what no one knew was that at this moment, under the premise of a huge supercomputer-aided situation, Tian Zhong had collected enough ammunition here.

"Everyone's attention, after three minutes, I will make a collective move, I will let their accounts be liquidated in the shortest possible time!" Tian Zhong said in a deep voice.

With Tian Zhong's order, the entire network seemed to be ready to go, and the three minutes flashed by, and when the last second of the three minutes skipped by, the Malaysian Ministry of Finance, the traders who had just breathed a sigh of relief slumped in their chairs, and the situation just now was too tense.

But a trader had just slumped in his chair when suddenly, dozens of short ringgit orders popped up on the foreign exchange market.

"Hurry! There are a lot of short selling operations!" the trader screamed directly, and in the tense atmosphere, he even had some distortion in his voice.

"The position is on the alert! New funds are needed to enter the market!"

"Hurry up, increase the margin!

"It's too late! The other party ate 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! The other accounts will increase the margin, double the margin!" the person in charge above shouted loudly.

The keyboard was crackling, and the atmosphere in the hall was as feverish as gunpowder.

"I'm done!"

"I'm about to blow up here!

An hour passed in a flash, and at the end of the market break, all the traders collapsed on their chairs, and everyone breathed a sigh of relief, but soon, most of the people's faces immediately turned into a sad expression.

Because at least more than half of their accounts were directly liquidated! Although some of them were saved, the exchange rate fell by more than 18% compared to yesterday when the market closed in the morning! This means that they have suffered heavy losses!

"How much have you lost?" asked the person in charge standing on it in a hoarse voice.

"We are currently liquidated a total of $28.7 billion in accounts, and the current losses and increased margins are $63.2 billion!" the assistant next to him immediately swallowed his saliva, and then said worriedly.

Half of the foreign exchange reserves are gone!

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

"Oh?" Hu Fei was actually a bystander here, but a few people in charge of the operation couldn't help but cheer, and Hu Fei knew that he had won.

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

"The current profit of $24 billion is not counting the funds we have in it, and if we count the funds in it, these are not profits. Tian Zhong said with a smile.

Hu Fei was accustomed to seeing terrifying funds, but he still couldn't help but gasp, and in just one morning, he made a profit of $24 billion? How much did Soros make in '97? Of course, in '97, Southeast Asian countries did not have so many foreign exchange reserves.

And Soros didn't have that much money at that time, but it was precisely because of this that Soros seemed to be awesome, and Soros's funds at that time were only more than $20 billion, but it was more than $20 billion in funds that leveraged the foreign exchange markets of all Southeast Asian countries, and almost sheared the foreign exchange reserves of Southeast Asian countries.

In the end, Japan and South Korea were unlucky, if Xiangjiang was not because of its backing to China, Xiangjiang would not be spared, how could it be possible to win in the end, let Soros and them suffer a dark loss and run.

And 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 many funds in his hands.

Soros back then, not to mention having so much money from Hu Fei, even if Soros had $200 billion in funds back then, it is estimated that it is unknown whether Xiangjiang can resist it.

No wonder the financial battlefield is so terrifying, Nima, one morning. made a profit of $24 billion...... When the Soviet Union collapsed, it is not surprising that trillions of dollars in assets were divided.

But that's just halftime.

Hu Fei was jubilant here, but here in the Malaysian government, it was already a cloud, Mahat's face was gloomy and ugly, he never thought that even if he used foreign exchange reserves, he still didn't resist the other party, and was directly liquidated by the other party, which means that they have less money in their hands, but the other party has more money!

Under such circumstances, Mahatt couldn't help but think of the sentence that Hu Fei brought back, "The value of these companies is very good, if you have any funds in the future that can't be turnover, you can come to me, I don't mind buying these shares back." ”

Now that I think about it, this was a naked warning!