Chapter 0171: Full Outbreak

During the period of Hong Kong Island's return to the motherland, it was also a time for international tourism funds to make waves in Southeast Asia.

In late June, Soros raised a huge amount of money and launched another fierce attack on Thai Rail, causing chaos on major exchanges, the Thai baht plummeted, and traders frantically sold Thai baht.

The Thai government has used $30 billion in foreign exchange reserves and $15 billion in international loans in an attempt to turn the tide. However, this meagre $45 billion is a drop in the bucket compared to the sky-high level of international travel funds, and it is of no avail.

On 2 July, the day after Hong Kong returned to the motherland, the Thai government, unable to compete with Soros anymore, had no choice but to announce that it would change the currency-linked exchange rate system that had been in place for 13 years and implement a floating exchange rate system.

After hearing the news, the Thai baht fell even more.

Soros was not satisfied with his first victory, and he decided to sweep the whole of Southeast Asia and make another profit.

Hurricane Soros soon swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries. The Indonesian rupiah, Philippine peso, the kyat, and the Malaysian ringgit have depreciated sharply, leading to factory closures, bank bankruptcies, and rising prices.

Hurricane Soros, which swept through Southeast Asia, swept away tens of billions of dollars of wealth in one fell swoop, turning decades of economic growth in these countries to ashes.

The Asian financial crisis also quickly spread to foreign exchange earners and securities markets in Latin America, Eastern Europe and other Asian countries, and the foreign exchange and securities markets in Brazil, Poland, Greece, Singapore, Wanwan and other countries and regions also experienced turmoil, and the value of currencies and securities fell one after another.

Governments have also had to use their national coffers to support their currencies and stock markets. Many countries have reached the point where they have changed their color in terms of "cord".

Soros's attack on the financial market has caused many developing countries' debt and trade deficits to surge, which is extremely destructive, and countries have begun to strengthen financial supervision and guard against Soros at all times, which has also made Soros's actions less easy.

During the period of Hong Kong Island's return to the motherland, it was also a time for international tourism funds to make waves in Southeast Asia.

In late June, Soros raised a huge amount of money and launched another fierce attack on Thai Rail, causing chaos on major exchanges, the Thai baht plummeted, and traders frantically sold Thai baht.

The Thai government has used $30 billion in foreign exchange reserves and $15 billion in international loans in an attempt to turn the tide. However, this meagre $45 billion is a drop in the bucket compared to the sky-high level of international travel funds, and it is of no avail.

On 2 July, the day after Hong Kong returned to the motherland, the Thai government, unable to compete with Soros anymore, had no choice but to announce that it would change the currency-linked exchange rate system that had been in place for 13 years and implement a floating exchange rate system.

After hearing the news, the Thai baht fell even more.

Soros was not satisfied with his first victory, and he decided to sweep the whole of Southeast Asia and make another profit.

Hurricane Soros soon swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries. The Indonesian rupiah, Philippine peso, the kyat, and the Malaysian ringgit have depreciated sharply, leading to factory closures, bank bankruptcies, and rising prices.

Hurricane Soros, which swept through Southeast Asia, swept away tens of billions of dollars of wealth in one fell swoop, turning decades of economic growth in these countries to ashes.

The Asian financial crisis also quickly spread to foreign exchange earners and securities markets in Latin America, Eastern Europe and other Asian countries, and the foreign exchange and securities markets in Brazil, Poland, Greece, Singapore, Wanwan and other countries and regions also experienced turmoil, and the value of currencies and securities fell one after another.

Governments have also had to use their national coffers to support their currencies and stock markets. Many countries have reached the point where they have changed their color in terms of "cord".

Soros's attack on the financial market has caused many developing countries' debt and trade deficits to surge, which is extremely destructive, and countries have begun to strengthen financial supervision and guard against Soros at all times, which has also made Soros's actions less easy.

During the period of Hong Kong Island's return to the motherland, it was also a time for international tourism funds to make waves in Southeast Asia.

In late June, Soros raised a huge amount of money and launched another fierce attack on Thai Rail, causing chaos on major exchanges, the Thai baht plummeted, and traders frantically sold Thai baht.

The Thai government has used $30 billion in foreign exchange reserves and $15 billion in international loans in an attempt to turn the tide. However, this meagre $45 billion is a drop in the bucket compared to the sky-high level of international travel funds, and it is of no avail.

On 2 July, the day after Hong Kong returned to the motherland, the Thai government, unable to compete with Soros anymore, had no choice but to announce that it would change the currency-linked exchange rate system that had been in place for 13 years and implement a floating exchange rate system.

After hearing the news, the Thai baht fell even more.

Soros was not satisfied with his first victory, and he decided to sweep the whole of Southeast Asia and make another profit.

Hurricane Soros soon swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries. The Indonesian rupiah, Philippine peso, the kyat, and the Malaysian ringgit have depreciated sharply, leading to factory closures, bank bankruptcies, and rising prices.

Hurricane Soros, which swept through Southeast Asia, swept away tens of billions of dollars of wealth in one fell swoop, turning decades of economic growth in these countries to ashes.

The Asian financial crisis also quickly spread to foreign exchange earners and securities markets in Latin America, Eastern Europe and other Asian countries, and the foreign exchange and securities markets in Brazil, Poland, Greece, Singapore, Wanwan and other countries and regions also experienced turmoil, and the value of currencies and securities fell one after another.

Governments have also had to use their national coffers to support their currencies and stock markets. Many countries have reached the point where they have changed their color in terms of "cord".

Soros's attack on the financial market has caused many developing countries' debt and trade deficits to surge, which is extremely destructive, and countries have begun to strengthen financial supervision and guard against Soros at all times, which has also made Soros's actions less easy.

Soros was not satisfied with his first victory, and he decided to sweep the whole of Southeast Asia and make another profit.

Hurricane Soros soon swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries. The Indonesian rupiah, Philippine peso, the kyat, and the Malaysian ringgit have depreciated sharply, leading to factory closures, bank bankruptcies, and rising prices.

Hurricane Soros, which swept through Southeast Asia, swept away tens of billions of dollars of wealth in one fell swoop, turning decades of economic growth in these countries to ashes.