The Rebirth of Shazhu: Starting from Staying Away from Beasts
Chapter 410: Intense Stalemate
Normally, if the value of the Thai baht continues to fall, they would have to pay relatively few Thai baht to repay their loans, allowing them to make a substantial profit.
But now, instead of depreciating as expected, the Thai baht has begun to rise steadily, which means they will have to use more money to repay the same amount of loans.
The worst thing is that in the process of shorting the Thai baht, the Thai baht they used to crash the market has been depreciating.
They could only get back around 90 million US dollars from the 100 million US dollars loan when they dumped it on the market.
What is even worse now is that at this moment, not only is there strong capital from Hong Kong pouring into the market, it is also starting to absorb Thai currency in large quantities.
The Thai government also took decisive action and implemented strict control measures on the Thai currency.
As a result, the double pressure of ups and downs has made the supply of Thai baht tight.
Its price even saw a substantial increase in just three days.
At this time, He Yuzhu and Xu Damao were facing the soaring Thai currency market, and their hearts were filled with worry and sorrow.
Although they successfully seized the opportunity to enter the market and absorb Thai baht, the US dollars they held were being consumed at an alarming rate.
They were unable to feel any joy at all.
From the first two days of cautious entry and quiet absorption of Thai currency, to later reckless purchases in large quantities.
In just less than a week, most of their funds had flowed into this bottomless pit like water.
He Yuzhu looked at the data chart in front of him helplessly, his brows furrowed.
After careful consideration, he and Xu Damao decided to gradually slow down the pace of absorbing Thai baht.
At the same time, those astute speculators have also noticed the growing strength of the Thai baht.
They hold huge amounts of US dollars in their hands and originally hoped to make huge profits by exchanging them for Thai baht, but now they find that this road has been blocked.
As a result, these cunning speculators quickly shifted their targets and cast their greedy eyes towards Terra's stock market.
With years of experience in the financial market.
They accurately judged that the Thai government had already exhausted most of its funds to maintain currency exchange rate stability and was no longer able to take care of the safety of the stock market.
Again, the usual tricks.
Even if it is impossible to gain benefits from exchange rate fluctuations, as long as the huge financial resources in hand are gathered to violently attack the stock market, the entire securities market can still be defeated in one fell swoop.
The time came to August 7th, and the sun was so hot that it seemed to melt everything.
The hot money ruthlessly concentrated all the available funds at hand and launched a fierce offensive on the stock market like a group of hungry wolves pouncing on an unsuspecting flock of sheep.
In just one day, the stock market collapsed as if it had been hit by a violent storm. Stock prices plummeted, investors panicked, and panic spread instantly.
The Thai government was thrown into chaos upon seeing this sudden tragedy.
Faced with the continuous, endless and fierce attack on international tourism resources, they feel unprecedented pressure and helplessness.
Despite racking their brains to deal with this crisis, they could not find an effective solution and could only watch the situation deteriorate step by step.
While everyone was busy, He Yuzhu sat quietly aside, staring thoughtfully at the data that kept jumping on the computer screen.
In fact, he had a premonition of what was happening.
He just didn't expect the situation to be so serious, and the speed of development far exceeded his expectations.
However, Xu Damao next to him was completely unaware of this.
When he heard that international hot money had abandoned the Thai baht exchange rate market and turned to focus on the stock market.
He was so excited that he seemed to be full of energy and could hardly suppress his excitement.
Because in his opinion, now is the perfect time to gradually sell off the Thai baht he holds.
In this way, the profits that can be obtained from this investment will surely be extremely considerable.
But He Yuzhu thought of more than that.
They can naturally leave the market at ease, but after they sell off, the Thai government will be under greater pressure.
Perhaps because of my intervention, Terra will suffer a more serious blow than in the previous life.
After a long period of thinking and weighing, He Yuzhu still could not make a decision that satisfied himself.
On the one hand, his conscience has been playing tricks on him, making it difficult for him to cross the moral barrier;
On the other hand, if we give up this cooperation, we may never have the opportunity to cooperate with the Thai government again in the future.
More importantly, he currently holds a large amount of Thai baht, but these funds cannot be invested in the stock market.
Because once this is done, all the previous efforts to go long on the Thai Baht will become meaningless.
After a fierce inner struggle, He Yuzhu finally made up his mind and reached out to pick up the phone on the table.
He took a deep breath, calmed his panicked mind, and then slowly dialed the phone number.
As the beeping sound came from the other end of the phone, He Yuzhu's heartbeat began to gradually speed up.
When the other party answered the phone and finished communicating with him, He Yuzhu slowly put down the receiver.
My whole body seemed to relax all of a sudden, and a palpable sense of relief came over me.
At this time, Xu Damao on the side was still immersed in the joy brought by success.
Seeing He Yuzhu finished the call, he couldn't wait to move forward.
He didn't even listen to what He Yuzhu said on the phone. He asked, "Silly Zhu, can we cash out and leave now?"
However, He Yuzhu just smiled and replied, "Don't worry, it's not the right time yet.
Since we are going to do it, let’s just go big!!!”
Hearing this, Xu Damao couldn't help but widen his eyes, looked at He Yuzhu in surprise and said:
"Silly Zhu, you're not trying to tell us that not only are you not leaving, but you're also going to continue to fight those international hot money to the end, right?
Why is this! In my opinion, now is the best time to leave! "
Facing Xu Damao's questioning, He Yuzhu still maintained a faint smile.
At the same time, he shook his head helplessly and explained: "Yes, if we choose to leave now, we can indeed make a lot of money.
However... How should the Thai government deal with this? Should they just sit there and watch us harm them?
Moreover, a fierce battle with international hot money is inevitable, it is just a matter of time.
Just imagine what would happen if we did not take the initiative now and allowed them to make profits in the Terra market.
Will they repeat the same old tricks and launch the same fierce sniping operations against our Hong Kong next year?
After He Yuzhu's guidance, Xu Damao suddenly understood.
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