109 Asian Financial Crisis Process-3

Malaysia has abandoned its efforts to defend the ringgit. The Singapore dollar, which has always been strong, has also taken a hit. Although Indonesia was the last country to be "infected", it was the hardest hit.

In late October, international speculators moved to Hong Kong, an international financial center, to check the weather forecast for Hong Kong and more cities, and pointed the finger at Hong Kong's linked exchange rate system. The Taiwan authorities abruptly abandoned the exchange rate of the new Taiwan dollar, which depreciated by 3.46% in one day, increasing the pressure on the Hong Kong dollar and Hong Kong stock markets. At this time, the Hang Seng Index has fallen to 9560 points.

Luo Tiancheng's cash in his hands reached more than 170 billion Hong Kong dollars, and it is conceivable that Luo Tiancheng has so many shares in his hands, and there are still a huge number of stocks that have not been sold. Of course, Luo Tiancheng can't sell it, no matter how much he sells, his Hong Kong people can't bear it in the first place, and he will lose countless assets! …… It must be the jumping off the building that should be jumped, and the wrist cutting that should be cut.

You can only take advantage of the trend to sell stocks that may be acquired by the other party! The lower the stock price, the greater the loss of the other party's suppression of the stock......

October 20 marks the 10th anniversary of the tragic "Black Monday" on Wall Street. It was on this day that the Hong Kong stock market began to fall again.

On October 21 and 22, Hong Kong's Hang Seng Index fell sharply for two consecutive days, with a cumulative decline of nearly 900 points, or about 9%, which was described as a small stock market crash by local market participants; On the 23rd, Hong Kong's Hang Seng Index fell as low as 8360.7 points, down as much as 1202 points, and the Hang Seng Index closed at 8460.3 points, down 500 points, down 11.5%, falling below the 8500 point mark.

Luo Tiancheng is quietly looking at the trend of the stock, not yet when he makes a move, seeing that he has reached more than 220 billion Hong Kong dollars in his hands, and his practical Franklin is more than 30 billion, which is a drizzle for Luo Tiancheng's current worth. The public identity has reached 18 billion Franklin, ranking 17th in the Forbes rankings.

In the face of the fierce attack of international financial speculators, the Hong Kong SAR government reiterated that it would not change the current exchange rate system, and the Hang Seng Index rose to 9,000 points.

In mid-November, Luo Tiancheng paid attention to the beginning of fluctuations in South Korea's finance, Luo Tiancheng remembered Li Zaixing a few years ago, but the news that the miniature reconnaissance bug he sent out came back was that Li Zaixing belonged to the son of Hong Kong Four-Star Group, Luo Tiancheng's eyes looked at the projectile land on the map coldly, and this time he will give you a good push.

On November 17, the exchange rate of the won against the franklin fell to a record 1,008:1.

On the 21st, the South Korean government had to ask the International Monetary Fund for help, temporarily controlling the crisis.

On December 13, the exchange rate of the won against the Franklin fell to 1,737.60:1. At this time, Luo Tiancheng, who had been dormant for a long time, sold a large number of South Korean currencies that had been stored in the world.

On December 16, the exchange rate of the won against Franklin fell directly to 2953:1, causing a large number of South Korean companies to fail, and the four-star group shrank by a quarter, on the verge of bankruptcy, and the won crisis also hit the Japanese financial industry, which has a large investment in South Korea.

A series of banks and securities companies in Japan have gone bankrupt one after another, and the Japanese companies that had been looted by Luo Tiancheng in 90 years have become tragic again. Snowballing, the financial turmoil in Southeast Asia turned into a financial crisis.

The international financial elite has already seen that there is a huge amount of money operating in the South Korean incident, and in order not to offend the other party, they have stopped fighting and have not squeaked.

It was only at this time that Soros suddenly woke up, and he was followed by a prehistoric beast, Soros quickly asked his subordinates and contacted the financial giants involved in the incident to find out who had such a powerful power, and although he and the others had gone smoothly so far, they had only reached 1737 to 1 and had stopped.

This human brother has reached 2953 to 1, and the difficulty is not ordinary! The South Korean government, which was caught off guard in an instant, is now crying and shouting internationally.

The arrow is on the bow, and it has to be sent, just taking advantage of the return of Hong Kong and the instability of the people's hearts, with the rolling ball effect, it will definitely be able to block Hong Kong!

And there is a faint shadow of the U.S. government behind Soros's war.

In the end, no matter how he found it, he couldn't find anyone, Soros felt that there was a sharp blade in front of his throat, and his heart was faintly uneasy.

On January 15, 1998, Indonesia's financial turmoil resumed, and in the face of the worst economic recession in history, the IMF's prescription for Indonesia failed to achieve the desired results.

The IMF (International Monetary Fund) does not simply give you money, the way to use it is that I give you money, you have to carry out enterprise reform and open up mineral resources to me according to my requirements, it is to use money to smash the door of state restrictions.