Chapter 176: Southeast Asia's Financial Tsunami (Part II)
The next day, all the financial media on Wall Street also turned their attention to the financial markets of Southeast Asia as a whole. They even trumpet the crisis in Southeast Asia's financial markets, which is just a trick played by the financial giants to achieve their own ends. Wang Tianyu didn't take it to heart at all, and this was not a bad thing for Wang Tianyu, he was naturally happy to see this.
However, what the Wall Street media has done has made the governments and people of Southeast Asia even more afraid, and they have begun to make up their minds that when the stock market opens tomorrow, they must sell their stocks and even exchange their currencies for dollars.
In the next few days, the results can be imagined, the sell-off of the people of those small countries in Southeast Asia, coupled with the participation of countless international speculators, the entire Southeast Asian financial market is a piece of mourning, miserable, but helpless about it, can only watch everything in front of them, watching those international financial speculators frantically plunder.
However, Wang Tianyu did not stay idle, and while counting the money, he also kept closing his position in the Indian stock market.
As of today, it has been exactly ten days since the collapse of Southeast Asian financial markets, and eight days excluding the weekend, excluding the two days of the weekend, and his position in the Indian stock market has just been completely emptied.
Wang Tianyu looked at his account, and finally breathed a sigh of relief in his heart, and the corners of his mouth couldn't help but rise slightly, revealing a smile.
Wang Tianyu didn't expect that everything would go so smoothly, and the effect was even better than he imagined.
Now the Indian SenseX index is around 20,500 points. Among them, the lowest once reached 19,000 points, but overall, the average position of Wang Tianyu's closing position was about 21,000 points, which not only did not reduce the previous profits, but also increased a lot, which is really an unexpected gain.
Wang Tianyu now only has short positions in the Indian foreign exchange market in all his accounts, and there are quite a few positions, which should be comparable to the previous positions in the Indian stock market. Of course, the positions in the Southeast Asian financial markets have not been closed, and there are not many positions in them. However, this is only relative to Wang's position in the Indian foreign exchange market. Looking at the entire Southeast Asian financial market, his short positions are not small.
"It's time." Wang Tianyu looked at his computer monitor and muttered to himself.
"Now is the beginning of closing the positions in the financial markets of the small countries in Southeast Asia." Wang Tianyu then instructed Concubine Ling Fei.
"Brother Yu, now the entire Southeast Asian financial market is still falling, isn't it a pity that it is flat now?" Concubine Ling Fei was puzzled.
"Huh. Now, before those international financial speculators have yet to appear, let's play first. After all, our position is not small relative to the entire Southeast Asian financial market. Even if you stay, you won't make much money, so it's better to take it when you see it! Wang Tianyu said with a smile.
Concubine Ling Fei saw Wang Tianyu say this. did not continue to ask questions, but passed on Wang Tianyu's orders, and then the operators of the funds and banks that Wang Tianyu secretly controlled began to get busy again.
However, Wang Tianyu is not worried at all about the liquidation of these short positions in the Southeast Asian financial market, after all, there are those international financial speculators taking the lead, and the momentum of the short positions is strong, and the closing of the positions is naturally very smooth.
In just two days, Wang Tianyu's short positions in other financial markets in Southeast Asia were all liquidated. Now Wang Tianyu only has a short position in the Indian foreign exchange market on his account, Wang Tianyu has no intention of closing the position, he is waiting, waiting for the best time, and then scrape the Indian government hard, after all, such an opportunity is still very rare. And now the funds in all of Wang Tianyu's accounts have become 7.555 trillion US dollars.
Sure enough, as Wang Tianyu expected, two days after Wang Tianyu closed the positions in the Indian stock market and the financial markets of those small countries in Southeast Asia, those countries in Southeast Asia finally couldn't help it, and the first to make a move was the Indian government.
The Indian government has stepped up to save the Indian stock market, on the one hand, it has begun to cut interest rates, and on the other hand, it has set up a disk protection fund, with a total amount of 1.8 trillion rupees, equivalent to 300 billion US dollars.
The fact that such a large amount of money from the Indian government has entered the stock market has really played a good role for the entire Indian stock market, which has begun to stop falling and then slowly recover.
However, the Indian government's interest rate cut has once again intensified the outflow of private funds, and more importantly, how did the 1,800 billion rupees of the disk protection funds come from, which must have been printed by the Indian government, and the Indian government printed money aggressively, and the result was the depreciation of the Indian rupee, so because of these two reasons, India's currency rupee fell by 1,000 points in one day.
Wang Tianyu showed a smug smile on his face when he saw it, because this day made Wang Tianyu earn another 450 billion US dollars, and now the funds in his account have become 8 trillion US dollars.
Wang Tianyu knew that it was almost scraped now, and it was time to prepare to leave. Wang Tianyu holds such a large position, it is impossible to wait until the rupee bottoms out to close the position. So Wang Tianyu ordered to start closing the short positions in the Indian foreign exchange market, but the speed of closing was very slow, and Wang Tianyu planned to complete all the closing work in two or three months. Wang Tianyu only needs to arrange the plan, and the rest will naturally be implemented, so the current Wang Tianyu can be said to be idle again.
The rescue methods of other countries in Southeast Asia are similar to those of India, but the effect is pitiful.
The foreign exchange markets and stock markets of Southeast Asian countries and regions have been violently turbulent by the looting of international financial speculators, and the stock markets of all countries have shrunk by more than one-third. The exchange rate of currencies against the US dollar fell by 10 to 70 percent, and the hardest hit were Thailand, India, the Philippines and Vietnam, whose currencies depreciated by 39 percent, 40 percent, 72 percent and 61 percent, respectively.
At the same time, a large number of enterprises and financial institutions in Southeast Asian countries have gone bankrupt and failed, India alone has closed 56 financial institutions, 4 of the top 20 enterprise groups have gone bankrupt, the credit rating has generally declined, and the number of unemployed people in India is as high as 400000. In the Philippines, more than 10,000 bankrupt companies and enterprises have gone bankrupt, and the number of unemployed people has reached 2.7 million.
Of course, the least loss this time is Indonesia, because Indonesia has been looted by Wang Tianyu and is so destitute that it cannot attract those international financial speculators at all.
People call this looting by international financial speculators the "Southeast Asian financial tsunami." Of course, this is all an afterthought, and now those international financial speculators are preparing to withdraw from the financial markets of those Southeast Asian countries after they have looted those small countries in Southeast Asia.
After those small Southeast Asian countries were ransacked by those international financial speculators, they have become a mess, economically depressed, and lifeless.
The tragic situation of those small countries in Southeast Asia has made people in those countries and regions in Asia that have not been affected tremble and are deeply afraid that those international financial speculators will sweep in. Even in some small countries, those international financial speculators did not come, but they themselves were in chaos, leading to a sell-off frenzy.
Concubine Ling Fei stretched out very comfortably, and sighed at Wang Tianyu: "Finally busy!" ”
In the past half a month, Wang Tianyu and Concubine Ling Fei have basically spent time in this study, and they are not in the mood to relax even on weekends, and now they can finally breathe a sigh of relief.
"yes, it's finally done." Wang Tianyu also sighed with a smile, Wang Tianyu can't remember how long it has been since he was so busy.
But as soon as Wang Tianyu was free, he thought about Wu Luoyi a little, and he had not been in contact with Wu Luoyi during this time, I don't know if Wu Luoyi is okay in the United States? Wang Tianyu knew that it shouldn't be too good, but that was the path Wu Luoyi chose by himself, so he should support her and believe in her.
"Brother Yu, are you missing Sister Luoyi?" Seeing Wang Tianyu's expression, Concubine Ling Fei couldn't help but speak.
"Well, I guess she's going to be thin now, and she needs me too." Wang Tianyu nodded and said.
"I'm done here, I'm going to go to the United States tomorrow, you go and clean up!" Wang Tianyu then said with a smile on his face.
Wang Tianyu originally planned to sneak back to the United States with Concubine Ling Fei, and the things had already been packed, but the next day he couldn't make it. (To be continued......)