Money, currency.

The materialized embodiment of wealth.

It can be bought to eat, drink, wear and use.

Because it can buy anything you want, money becomes the goal of all on the day it appears.

Even many times, it seems that people live only for money.

And once someone's money suddenly shrinks dramatically, that gap can be as life-threatening as a person's loss of blood.

Bangkok.

Near the entrance of the Securities Exchange Building, a group of people gathered around and looked up, whispering to each other from time to time.

In the spotlight of everyone's eyes, a man in his thirties was standing numbly on the edge of the top floor of the Securities Building.

Above the rooftop, the wind was howling.

If you're not careful, you'll be blown down from above.

But instead of going down, the man moved a few steps ahead.

Anyone can see that the people on the roof are looking for a short view.

As for the reason, the people downstairs can also guess.

Nine times out of ten, jumping off a building above a securities building is related to the recent securities market.

There are a total of 345 companies listed on the Stock Exchange of Thailand, with a total market capitalization of 9.49 trillion baht.

Its indices include: SET, SET50 and SET100.

The highest point was in January '94.

The SET index rose to 1,798 points at one point.

At that time, investors in Thailand were happy.

But no one expected that the stock market would suddenly plummet after oscillating around 1700 for two years and was about to get out of the second wave of rise.

It's been less than a year.

The stock market has fallen rapidly to the current 330 points.

Under this crazy plunge, the total market value of Thai securities shrank from 9.49 trillion baht to less than 2 trillion.

Countless investors have suffered significant losses in the stock market crash.

But that's not the most unacceptable.

Amid the plunge in the stock market, Thailand's major property prices have also seen an unacceptable decline.

House prices in Sathorn area, Asoke area.

It fell by more than 60 percent.

It's desperate.

In the midst of the collapse of the room, under the collapse of the stock market, many people lost all their net worth, and even owed a lot of foreign debt.

Sixty percent of the trading volume of the Stock Exchange of Thailand is contributed by retail investors.

Twenty-eight percent of the participants came from local investment institutions, and the remaining 11 percent came from overseas investors.

About half of the trading volume from retail investors is contributed by professional investors.

Chachai is one of Thailand's professional stockholders.

Three years ago, Chachai bought a house in the form of a loan in the Sathorn area.

Twenty years of instalments.

Then, Chachai took out other funds to allocate securities assets.

The goal is to make a profit from the stock market and then repay the monthly supply needed to buy a house.

The first two years went well.

With his rich trading experience, Chachai can make a lot of money in the market every year.

In addition to being able to pay off the mortgage on time, there is a lot of room to spare.

But six months ago, that all changed.

Plunge, plunge again.

If it falls by 10 percent today, it can fall by 15 percent tomorrow.

It's down 20 percent this week, rebounds 5 percent next week, and then continues to fall.

The day is cloudy, the week is cloudy, and the moon is cloudy.

Countless big black lines, like one giant stick after another, smashed Chachai's whole person into confusion.

He went bankrupt.

In the stock market, it fell by more than 600 points in the first half of the year.

Up to 50% drop.

And in this 50 percent decline, Chachai lost 90 percent.

In desperation, Chachai refinanced the loan from the bank in the form of remortgaging the house, and also borrowed 300,000 baht from a friend to continue the investment.

The stock market has fallen so much, as long as it rebounds once, you can always recover a lot of losses.

But Chachai was disappointed.

The stock he added to at 440 points in the broader market lost 20 percent again in less than two days.

Although the Ministry of Finance and the Prime Minister's Office have promised several bailouts, the market has not only not risen, but has continued to accelerate its decline.

Chachai's desperate discovery revealed that the market had no bottom at all.

Because, last night, the central bank raised the interest rate on bank deposits and loans to 14 percent.

This historically high interest rate will have an unpredictable impact on the securities market and the real estate market.

But as you can imagine, this is definitely an epic super bearish.

Housing prices will plummet as a result of this.

The stock market, under such a big bearishness, will inevitably fall again.

There is no hope.

High in winter, the wind is cold.

The cold air that blows into the neck makes people involuntarily get goosebumps.

But Chachai didn't feel any cold.

The despair in his heart made him lose any feeling.

Chachai numbly glanced at the crowd of onlookers downstairs.

He closed his eyes slightly.

I'm sorry.

My wife and children.

I hope you will forgive me for my cowardice.

"Ahh

With one exclamation after another, Chachai jumped down from the top of the Securities Building.

Chachai's jump is not the end.

At half past ten in the morning of the same day, the stock market opened.

Affected by the sharp increase in the central bank's interest rate, the SET index opened 33 points lower by a downward gap.

10 percent drop.

Opening price, 297 points.

The air of despair spreads.

The price of 300 points was broken, so that all securities investors felt the despair that could not breathe.

Jushi Asset Management Trading Department.

Robert picked up a cup of coffee and took a sip.

He stayed up all night.

Last night, when the Bank of Thailand announced its interest rate decision, he received the top directive above.

Today will be the day of the ultimate showdown.

"SET50, buy 5,000 lots. ”

"STE100, buy 3,000 lots..."

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