The Bank of Thailand's interest rate hike became a breaking point for bears in the stock market.

As soon as the news of the interest rate hike was announced, many individual stocks on the Thai stock market were sold off.

Bangkok Stock Exchange, the seat of Jushi Asset Management.

Liu Qiang is commanding in an orderly manner.

The current Liu Qiang is a little more calm than in the past.

In a year of hard work, Liu Qiang is no longer the low-level trader who will tremble when he sees hundreds of millions of funds.

With the highest united front direction, Liu Qiang can already command the offensive very well.

"260 sells 300,000 shares, 240 sweeps away all the buy orders 1120 plus 50,000 short lots"

"Hit the international media price to 310, clear all Thai oil, ET1080 plus 100,000 empty lots"

On the big screen, countless data is flashing rapidly.

Under the grand sell-off, the ET index is rampant like a waterfall falling from the sky.

Thailand's stock market has collapsed completely.

In just two days, the highest rebound of 1170 fell to 970 points.

The drop of up to 200 points made the market gloomy.

Countless stock market investors have been strangled to slag in the rampant decline.

For a while, even the experts who sang more on time every day collectively lost their voices.

The stock price has shrunk sharply, and trillions of market value have evaporated out of thin air.

In two days, the Thai stock market fell by 20 percent, the biggest drop in the Thai stock market in six years.

This is second only to the 25 percent drop in 1990.

Affected by the Thai stock market, the stock markets in the Asia-Pacific region have experienced varying degrees of decline.

The 25% decline allowed Jushi Asset Management to gain five times the profit.

The cumulative position has reached 64 billion baht.

Compared with the initial investment of 2.3 billion baht, it has earned nearly 20 times the profit.

This is where the rampant nature of highly leveraged futures lies.

Infinite profit increases, so that this profit multiplier emerges geometric multiple.

This kind of short-term rampant profits can only be earned in this rampant plunge market.

Of course, this is still a drop in the bucket compared to the subsequent collapse of the Chinese market in 2015.

At that time, an account in Hong Kong, 10 million US dollars, earned 1 billion in a month.

New York.

Four o'clock in the morning.

In a shrill phone ringing, Zhao Jiangchuan, who was still asleep, was woken up.

Zhengxiang was suddenly woken up by someone who was sleeping soundly, and Zhao Jiangchuan's anger can be imagined.

Picking up the phone and ignoring it is a scolding.

Robert, who was preparing to invite credit on the other end of the phone, scolded the dog's bloody head.

With such a big fire, it can't be hehe, right?

Robert, who was full of innocence, thought sloppily, but he didn't dare to squeak, and let Zhao Jiangchuan scold there alone.

Finally, Zhao Jiangchuan's anger spread to most of it.

He didn't have the heart to ask.

"Who. ”

Robert wanted to cry without tears, and scolded him without even asking anyone, and he was his boss.

Robert, who always likes to pose as an aristocrat in Thailand, no longer has the elegance of an aristocracy.

He said bitterly.

"Boss, it's me, Carrot Head. ”

"Old turnip, don't you know that God will blame you for disturbing people's dreams?

Poor Robert was forced to admit that he was a turnip head, and now the turnip head has been added to the old turnip head in front of him.

This made the old radish head pick and choose.

I'm also an honorary knight of the British Empire, how can you do this to me.

Habits are not good habits.

Even if he wanted to complain about his aristocratic status, but under Zhao Jiangchuan's long-term obscenity, Robert didn't even have the courage to defend himself.

Robert was too clear about how terrible the results of angering Zhao Jiangchuan were.

was scolded by Zhao Jiangchuan for a while, and Robert's previous excitement had already been scolded for most of it.

He endured the sorrow in his heart.

"Boss, in the last two trading days, the ET has plummeted, and the assets on our books have reached 72 billion baht, do you want to close some of the positions. ”

"Can't you wait for tomorrow for this little thing? Old radish head, you are also from a noble family, and a mere 72 billion baht will excite you like this, don't you feel ashamed of your family?"

Oh, God.

How can it be said that it is only 72 billion baht.

That's $3.1 billion.

Zhao Jiangchuan's words hit Robert deeply.

Robert felt that he was like the farmers on his old ranch who had never seen the world.

Zhao Jiangchuan is the real aristocrat who pretends to be forced at the farmer's house.

Boss, you must always score 13 points in math.

Holding back the resentment, Robert said helplessly.

"Boss, you haven't said if you want to close some of your positions. ”

Zhao Jiangchuan did not answer.

He knew what Robert was asking.

As a senior official of the company and Zhao Jiangchuan's old housekeeper, Robert naturally knows Zhao Jiangchuan's overall strategic plan.

The exchange in Thailand was done by Robert.

With such a large amount of profits, after the spot market is converted into dollars, it is possible to buy US Treasury bonds again to leverage leverage.

However, the Thai stock market has collapsed and fallen, and if you understand how to close the position now, it will be a little more than worth the loss.

Maybe a few days of reversal, you may miss out on a bigger profit.

With the current trend of ET, it is already the time when the building tilts and will really collapse at any time.

Zhao Jiangchuan thought for a moment and said.

"Wait two more days, the Thai market is now a time of panic, the defeat is like a mountain of falls, I estimate that there will be a stampede and more kills soon, and wait until the weekend to close the position. ”

“”

6 p.m. Thailand time.

Prime Minister Banhan Siba Acha spoke at the news.

Banhan Siba Acha will introduce policies to stabilize the financial market as soon as possible, and does not rule out the possibility of using up to 500 billion baht to rescue the market.

Perhaps it was the words of Prime Minister Banhan Sipacha who played a role.

The next day, the Thai stock market opened higher with a 999-point gap.

The interval of 1,000 points is only one point off.

However, the price of 999 also became the highest point of the stock market, and the opening was less than five minutes, and the Thai stock market plummeted again on the same day under the smashing of a number of heavyweight stocks.

After the close, it fell 120 points and finally closed at 879 points.

The market was in a panic.

Neither the speeches of Banhan Sipacha nor the speeches of various experts can save the Thai stock market from crashing.

Panicked funds are like defeated deserters, and they start to flee rampantly regardless of their capital.

On every stock, there are dense flashing sell orders.

A large over-priced sell order and a small current sell order.

A short-lived purchase that can't even be captured with the naked eye.

All the funds are eager to have two more legs.

Even if the order is a little slower, it will not be filled because the price is too high.

By Friday afternoon.

Thailand's ET index has fallen to 760 points.

This position is 50 points lower than the lowest point of 810 points in 1993.

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