Chapter 119: Self-destruction of the Great Wall

"Damn, you're so tough, you just broke your stomach in public?"

Seeing the scene of the Korean holding a knife on TV, the employees of Tianyu Fund were directly stunned, and they subconsciously rubbed their eyes, for fear that it was the illusion caused by dazzle. And Zhong Shi, who had been sitting at the front and staring at the TV, directly burst into a foul mouth.

Inside the Tianyu Foundation, corresponding televisions are installed on the ceiling, which can receive satellite signals from all over the world. At this point, the analysts stopped what they were doing and watched intently the live broadcast from South Korea's KBS TV.

Although we have long been aware of the paranoid character of South Koreans, and have often heard of suicide and hunger strikes when South Koreans protest against certain Japanese actions, after all, these are major national affairs and have a bearing on the principles of the entire South Korean government. But in retrospect, this approach is not necessarily the specialty of politicians.

"Are Koreans really so patriotic?"

Jong Seok tilted his head and thought for a long time, and a slightly strange scene appeared in his head, that is, soon after, all the Korean people donated their gold and silver jewelry, including rings, necklaces, earrings and even teeth, to the country in order to save the country's currency, as an endorsement of the won. They naively thought that with the gold as a backing, the won's value would not be as much as depreciated.

Zhong Shi was silent on the side, and the other analysts and traders were dumbfounded. Where have they seen this scene, especially South Korea, which has not been very obvious. If you want to talk about Japan, it is known that there is a tradition of breaking the abdomen, but in Japan, it was during World War II, and in recent years, I have rarely heard of someone breaking the abdomen in public.

The researchers' hearts burned with the thought of Japan, which for them was a shopping paradise and a place to play with women. However, at this time, they obviously didn't have the heart to think more about Japan, and began to talk about the scene they had just seen.

"Isn't it? Koreans are so terrible? Even if you look ugly with these people with collapsed noses and single eyelids, how can you think of using a broken stomach to demonstrate? "This is said by someone who obviously doesn't like the looks of Koreans.

"If the people of the HKMA were to march in the streets like that. I'm sure I'm not going to stand in the way. I will also watch some of them commit suicide by breaking their stomachs! This is said by someone who has complaints about the Hong Kong Monetary Authority, but I don't know why he has such a big dissatisfaction with the HKMA.

"What are the chances of this bill passing? How much pressure is there from public opinion? What will happen to the public operations of Korean banks in the market? And thoughtful people quickly think of the follow-up reaction and can't wait to ask the questions in their hearts.

As soon as this statement came out. The trading floor, which had been noisy, fell silent. But the silence didn't last long. Soon the analysts began to talk about it again.

"If there is a related situation in Hong Kong, I'm afraid even the chief executive will not be able to sit still, right?"

"Hey, don't take it too seriously. In South Korea, there are several cases of similar demonstrations every day, and although not every suicide is committed by breaking the abdomen, there have been similar cases before, which should have little impact on the votes of parliamentarians. ”

"Not necessarily, it's going to kill people, are those people in the Blue House still standing by and watching? South Korea is also a democracy, and any change in public opinion will affect the decisions of politicians! ”

"Politicians, will they care if an ordinary person lives or dies? Moreover, this time it is obviously not ordinary people, and the number of people who demonstrate is also a little smaller, I am afraid that it will not play a big role in the overall situation, you must know that there are tens of millions of people in Seoul alone. ”

……

For a while, there were different opinions and arguments one after another, but even if they blushed and had thick necks, it was difficult to convince each other.

When Zhong Shi saw this scene, he shook his head helplessly, glanced at Ren Ruowei beside him, and then entered his office without looking back.

Seeing that the big boss left, the researchers, who had been arguing endlessly, stopped talking one after another, for fear that their words and deeds would cause Zhong Shi's displeasure, but after the door of Zhong Shi's room was slammed shut, they looked at each other again and started a new round of arguments.

"What do you think about the current situation?" As soon as Ren Ruowei walked into Zhong Shi's office, Zhong Shi immediately asked, without a word of nonsense.

"This ......" Ren Ruowei pondered for a long time, then looked at Zhong Shi's face again, and then replied cautiously: "It depends on the situation that the Bank of Korea is also involved in this dispute, although it seems that their behavior is very extreme and occupies the righteousness, but I still have a skeptical attitude about the effect they can have." ”

Ren Ruowei's statement is undoubtedly a bit ambiguous, and it also avoids the point. Zhong Shi's face was as usual, but his tone of voice was unconsciously much harsh, and he said, "I didn't ask you about the political situation in South Korea, and besides, I don't care about this." What you should be answering is about the analysis and judgment of the current trend of the Korean won, and this is the point of our discussion! It doesn't matter whether the Blue House has a relationship with the parliament or whether this bill can be passed or not! ”

"Not important?" Ren Ruowei's face was full of bitterness, how could this not be important? If the Bank of Korea retains its current independence, then it is likely that they will continue to intervene in the market; If this bill is passed, South Korea's securities banks and other financial systems will face a reshuffle, which will inevitably have a significant impact on the trend of the foreign exchange market.

However, to be able to be cultivated by Zhong Shi as a manager, Ren Ruowei obviously has two brushes, but after thinking about it for a while, he immediately reacted and blurted out: "Zhong Sheng, do you know what you said?" ”

Originally, he thought that the boss would deny it, but Zhong Shi just nodded slightly, glanced at him approvingly, and said, "Not bad." I did receive some inside information. The New Korea Party, which now holds the majority of seats in South Korea's parliament, is preparing to pass 13 bills to warm up for the upcoming financial reform bill. At the same time, South Korea's Ministry of Economy and Finance is also conspiring, and after the bill is passed, it will announce another set of measures to rectify the financial system. ”

After a pause, Zhong Shi continued: "It's just that today's episode probably disrupted their intentions. Don't underestimate the demonstrations of these thousands of people, but know that they are all employees of the central bank, representing the will of the entire central bank, which will put strong pressure on the MPs to some extent. ”

"What else?" After listening to it for a long time, Ren Ruowei still didn't hear the information he wanted. I can't help but be a little disappointed. The words unconsciously brought a bit of resentment.

Seeing that he was so breathless, Zhong Shi sighed slightly in his heart, but his face did not show anything, and then said: "The situation has become clearer. The central bank and Congress are locked in some kind of squabble. Although we don't know what the inside story is. But isn't this our chance to short the KRW? ”

Ren Ruowei's eyes rolled for a long time, obviously thinking about something quickly in his heart, and he mustered up his courage after a long time. He looked at his face and said, "Zhong Sheng, do you have inside information that you think the bill can't be passed or can be passed?" If anything, say it, stop torturing me, I'm going to be suffocated to death. ”

Zhong Shi couldn't cry or laugh, picked up the paperweight in his hand and was about to smash it, but when he thought that this paperweight had been bought for a lot of silver, he retracted his hand in a daze, pointed at the tip of Ren Ruowei's nose and scolded: ", you know the inside information of the Dao every day, can't you analyze it with your own judgment?" If nothing else, let's just say how many won have we sold in the market so far? In addition, following our Hong Kong consortium, there is also an eyeing American consortium and how many won have been sold? Think about it with your brain, even if they pass the bill, how much foreign exchange reserves will the Bank of Korea have to back up the won? ”

"I'll do the math!" Even though he knew the number of positions, Ren Ruowei still looked ignorant, tilted his head and thought for a long time, and then said in surprise: "We sold at least $5.4 billion worth of won, and now we have $5.076 billion in cash on hand. ”

"Come less!" Zhong Shi glanced at him with disdain, and didn't care about his little trick, and said: "Even if there are ten times as many funds sold in the market as ours, I am afraid that it has consumed more than 50 billion US dollars of foreign exchange reserves of the South Korean side so far, and you think about how long the South Korean side can support it." If South Korea can't support it, they will have to ask the International Monetary Fund for help, and the International Monetary Fund has basic requirements for foreign exchange reserves. ”

As soon as he said this, Ren Ruowei's face showed a look of surprise, and he couldn't wait to say, "Zhong Sheng, do you mean that we have cleared all our Korean won positions in the past two days?" Sell at any cost? ”

Zhong Shi glanced at him speechlessly, turned his head and didn't say anything again, but his meaning had been fully expressed, and what to do depended on Ren Ruowei's understanding.

After Ren Ruowei came out with a smile on his face, Zhong Shi sighed slightly, and said in an imperceptible voice: "There are things about self-destruction of the Great Wall everywhere, I really can't imagine that Korean capitalists would be so greedy and desperately run away regardless of the overall situation." It's just that now the big boat of Han Won, which is leaking everywhere, can't carry them, even if they are lucky enough to board the ship, I'm afraid it won't be long before they will taste the consequences and die at the bottom of the sea! ”

Jong-seok is very clear about what will happen to South Korea in the future, and these people who are clamoring for liberalization and independence have only scratched the surface of Western economics, and they are not looking at how hard they are now, and when the crisis really comes, they will still have to rely on government control to get through.

"Self-destructing the Great Wall? Belch...... It's as if they don't have the Great Wall! Zhong Shi, who was pondering, suddenly thought of such a question, and a sneer involuntarily appeared on his face.

……

With such a joke made by the South Korean side, the entire won market sold much more strongly than before, and the Bank of Korea also began to reduce the amount of support, although the won market was still at the exchange rate of 987 won to 1 US dollar on this day, but all the short won were gearing up and waiting for the arrival of the next trading day.

On November 15, it was rumored that some South Korean consortia asked the government to stop the current behavior of South Korean banks to protect their disks, and their reason was that the government should now give priority to issues such as the reduction of foreign exchange and the inability to repay bank loans, rather than considering macro financial control and regulatory reasons. According to statistics, the amount of dollar loans that the South Korean consortium needs to repay to foreign banks in the short term is as high as 20 billion, and these funds can only be exchanged through Korean banks, because the credit rating of South Korean companies has been downgraded by rating agencies, making it difficult for them to roll over their debts, and even if they can do so, the cost is unbearable for them.

Under the influence of this news, the won fell rapidly, and soon fell below the 980 range that the Bank of Korea had finally pulled up, and by the end of the Asian trading session, the exchange rate of the won against the US dollar returned to the 990 range, closing at the level of 994.50 to 1 US dollar, and continued to approach the important threshold of 1000 won for 1 US dollar! (To be continued......)

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