Although speculating on currencies is a big deal, there is nothing else to say about the current Hong Kong capital. In a month's time, the net value of the entire fund industry investing in the stock market has generally plummeted by more than 30%, although the general environment is very unbearable, but investors will only use these statements as an excuse, because although the entire market is sluggish, it is impossible to stand up to the profits of short-selling funds, or to maintain the net value is not so bad. In contrast, investors will naturally choose to redeem the shares of loss-making funds and invest in those funds that resist declines or make profits against the market.

Without management fees, some foundations will soon be liquidated, fund managers will be unemployed, and it will not be easy to make a comeback in a fund world where track performance is very important.

It's a death horizontally and vertically, so it's better to fight.

There is no shortage of gamblers in the financial industry.

Although the capital of these funds is not abundant, they cannot withstand the large number, and the dripping water can also converge into a monstrous wave. After Andrew hinted that international hedge funds would attack the South Korean currency, except for a small number of funds that are still holding on to the currency, most of the funds that have lost money in this wave have begun to contact South Korean financial institutions to discuss short-term borrowing.

Everything is ready, only one signal is missing.

……

On October 30, China announced an interest rate cut, which was intended to boost the mainland economy, and the external effect can be understood as a shot in the arm for the sluggish Asia-Pacific market. However, the market has not reacted strongly, either because the economic ties between Hong Kong and the mainland are not strong enough, or investors are busy dealing with stock market volatility. In short, the news of China's interest rate cut did not cause good interaction at the first time.

On October 31, the International Monetary Fund announced that it would provide up to $23 billion in a multilateral financial rescue fund to help Indonesia stabilize its financial system. This is another IMF intervention to save the currencies of Southeast Asian countries since Thailand and other Southeast Asian countries.

In Washington, IMF managing director John Condessus said Australia, China, Hong Kong, Japan, Malaysia, Singapore and the United States are all donors to the bilateral aid fund, and they stand ready to provide more additional assistance if necessary, and the overall bailout is expected to exceed $30 billion.

On November 2, Indonesia also announced that it would close 16 banks. This is part of the agreement to accept the IMF's bailout plan. As soon as the news came out. There was an immediate run on these banks, and despite the government's promise to deliver on them, the public did not seem to believe it and still lined up in front of the relevant banks and ATMs.

Meantime. There are also rumors in the market. The Indonesian government will announce its economic reform package tomorrow. The main thing is to deregulate economic activities. These include the reduction of import and export taxes, the opening of markets, financing subsidies, etc.

After news of Indonesia's acceptance of the economic package, markets across Asia were shaken and investors regained confidence. The Hang Seng Index surged 631 points, or 5.9%, on November 3 to close at 11,255 points, a new high in recent times. Indonesia's stock market rose 7.4 percent, Malaysia's 7.8 percent, Thailand's 2.9 percent and Yizhou's 4.6 percent......

In addition to the performance on the stock market, the currencies of Southeast Asian countries have also rebounded in the foreign exchange market, and investors have re-entered the market. The Indonesian rupiah once soared to a new high of 3,280 rupiah to US$1, 8.37% higher than the 3,580 rupiah to US$1 that closed on Friday, while the Singapore dollar rose to 1.5575 from 1.5855 on Friday, the Philippine peso from 35.42 to 35.15, and the Malaysian ringgit from 3.4200 to 3.2950......

The following day, as Thai Prime Minister Chawalit announced his resignation, the Thai baht rebounded on the "positive" news, soaring 3.4%, becoming the largest gainer among Southeast Asian currencies on the day. Prime Minister Chawalit became a cancer in the eyes of investors, and his resignation was once again in the spotlight after a proclamation joke to defend the baht.

The Indonesian rupiah rose to 3,245 points on the spur of the double news, rising for three consecutive days, with currencies such as the ringgit and the Singapore dollar also rising, while stock markets in various regions also rose by varying degrees.

Compared with the general rise in Southeast Asian currencies, the market trend of the South Korean won is more strange. In fact, not only did the won not improve significantly in this rally, but even hit a new low of $969.95 per dollar. Hyundai Group's Economic Research Institute took the opportunity to cut its forecast for South Korea's economic growth rate in '98 from 6.3% to 5%, a staggering contraction. In addition to this, the institute also raised South Korea's inflation rate from 4% to 5% next year, which also means that South Koreans will face an expectation of high inflation.

The Hong Kong market has also performed unusually in this wave of market, although the Hong Kong dollar is still strong, but the Hong Kong stock market is somewhat unsatisfactory. Although Hong Kong stocks have risen for two consecutive days since November, on November 5, Hong Kong stocks, known as the "roller coaster", fell again because of the increase in mortgage interest rates, falling 473 points, or 4.2%, to close at 10,780 points.

"Depending on the situation, Hong Kong stocks are going to hover around 11,000 points for a while!" Zhong Shi looked at the numbers on the computer and shook his head disappreciatively, not knowing whether Lu Dao was sympathetic to investors in Hong Kong stocks or helpless about the market.

However, if the market does not outperform in the short term, the pressure on fund managers will be greater, and they will be forced to choose a more aggressive investment method, and there are not many investment methods that can reap huge benefits in the short term in the market.

"The won is very cooperative, and there is no outstanding performance when the currency of the whole region rebounds, which saves us a lot of trouble." Seeing the performance of Hong Kong stocks in the past two days, Ren Ruowei was also obviously relieved.

Since Zhong Shi revealed all the plans to attack the Korean won, Ren Ruowei has been worried that there is no Hong Kong capital to follow. Now it seems that to achieve a return to the original net value level in the short term is definitely an impossible task for most funds.

Zhong Shi nodded in agreement, glanced at Ren Ruowei approvingly, and said, "It seems that it's time for Andrew to let out some more noise!" ”

Before he finished speaking, there was a knock on the door outside Zhong Shi's office, and then the door was pushed open from the outside, and it was Andrew.

"Say Cao Cao, Cao Cao arrives!" Zhong Shi smiled, pointed to the sofa and said, "Andrew." I'm getting ready to find you for something. How's it going, it's been a busy two days, right? ”

Andrew was sweating profusely and panting, and sat down on the couch. I picked up the coffee in front of me and drank it in a big gulp. The capacity of the coffee cup is not large. He swallowed the whole cup of coffee in two or three sips. After drinking, it was obviously not enough, so he stood up again and went to the rest room outside to get a drink. After pouring a few mouthfuls, he wiped his mouth, and said to Zhong Shi with a wry smile: "Zhong Sheng, something is wrong!" ”

"What's wrong?"

Zhong Shi and Ren Ruowei heard this sentence at the same time, but their performances were very different. Ren Ruowei's face changed greatly, and he hurriedly walked in front of Andrew, grabbed his shoulders with both hands, and even his body trembled slightly because of nervousness. Zhong Shi, on the other hand, only frowned slightly, with a thoughtful expression on his face.

It is no wonder that Ren Ruowei is so nervous, after all, this time he is the one who takes the lead, if he can excel in the won incident, then he will undoubtedly have the upper hand in the direct dialogue with Ma Jiarui.

Seeing Ren Ruowei suddenly appear in front of him, Andrew's face was a little strange, and after looking Ren Ruowei up and down, he suddenly popped up: "Ren, how did you appear?" I don't think I saw you walk through the door! ”

Ren Ruowei almost collapsed, and Andrew had already walked back and forth in the room twice, but he didn't even see him, which made him feel very frustrated, but at this time, he didn't care about the loss in his heart, and asked quickly: "Andrew, what did you just say that the big thing is not good, is there a problem on the Korean side?" Or is there a communication problem with the fund? ”

He was very anxious at this time, but Andrew was the "old man" next to Zhongshi after all, so he had to always be a little polite when he spoke.

"South Korea? No problem! Andrew's eyes widened, and he looked at Ren Ruowei again, and suddenly laughed out loud, "I said Ren, there is no problem with the Korean side, what I said is not what you imagined, you are still ......" Before he finished speaking, he pointed directly to the location of the gate.

Obviously, what Andrew was about to say was inconvenient to hear, so he was motioned to leave. However, Andrew didn't know what euphemism was, so he let Ren Ruowei go so straightforwardly.

Although he was very dissatisfied in his heart, after hearing that there was no problem with the Korean side, Ren Ruowei also settled down in his heart, and he didn't care about Andrew's rudeness, and left the room with a smile. He is very knowledgeable, and he will not fall behind if he should know the Dao, and he will hide away at the first time if he should not know the Dao.

"Didn't you want to tell me about the rupiah? Is this worth the fuss about? Zhong Shi, who had not spoken for a long time, glanced at Andrew dissatisfiedly, then picked up the cigarette case on the table in front of him, and as soon as he took out a cigarette, he saw Andrew stumbling to the front and lit the Zippo lighter in his hand with a "click".

Zhong Shi glanced at him, took a deep puff of smoke on the flame, and then said slowly: "Do you think that the Indonesian rupiah has appreciated by as much as 10% in the past few days, and according to the position we sold to Soros, we have lost at least $200 million now." Even after that, with the increasing appreciation of the rupiah, we will lose even more, right? ”

Unexpectedly, Zhong Shi had already guessed his thoughts, and Andrew didn't care about the shock, he just nodded vigorously like a chicken pecking rice. In fact, since he met Zhongshi, this little guy has shocked him so much that now Andrew is a little numb.

"You should look at it, you're still too young and naïve!"

Bell Stone puffed a puff of smoke into Andrew's face, choking him and coughing. Zhong Shi Haluha, who made a prank, laughed for a long time, and then said unhurriedly: "There are many people who want to put me together, but it is definitely not Soros, he is not qualified yet!" ”

"What? What kind of scenery? What's the outlook? Zhong Sheng, can you be a little more clear? Andrew's eyes widened, and he looked puzzled.

Zhong Shi originally wanted to explain, but when he saw Andrew's appearance and remembered his identity as a foreigner, he suddenly felt that he was simply looking for nothing to do, and obviously "played the piano to the cow", so he had to give up in despair, waved his hand weakly, and said: "Don't have too much hope for the Indonesian government, I am gambling with Suharto's bureaucracy." Don't look at the situation now, but who can predict what these corrupt bureaucrats will do? Have they done less to self-destruct the Great Wall? ”

Andrew blinked, his expression sometimes bewildered, sometimes surprised, apparently digesting Zhong Shi's words. However, after being stunned for a long time, he couldn't help but ask, "The Great Wall?" Does Indonesia also have the Great Wall? ”

Zhong Shi was suddenly furious, picked up the cigarette case in front of him and smashed it at Andrew, scolding viciously while smashing: "You get out!" Get out of here! Keep rolling! As far as your thoughts go, you roll! (To be continued......)

PS: Thank you Lantian, jjhk2006, kalm god, romantic snail, sarm and other book friends for voting for the monthly pass! Thank you for your support!