The family unanimously decided to go all out to protect the market.
After all, the Park family is also one of the top group leaders in South Korea, how can they let others laugh?
But they don't know that a wrong decision will make the entire family pay the bill.
At this moment, there are several other major chaebols just like them, and they firmly believe that their strength can withstand the attacks of their opponents.
Unlike other places, they control almost the entire South Korean economy. In a sense, shorting South Korea is equivalent to shorting them.
Therefore, their core interests are the same, so several major families united and held a meeting.
Use all your strength to counterattack strongly and defeat the short sellers.
But they discovered a problem. A large amount of South Korean dollars had been borrowed from the bank by foreign investors. Some of them had helped when the loans were made, and some even did not hesitate to engage in illegal operations.
When they did this, they certainly didn't expect that today would happen, right?
People use your money to destroy your business.
What should I do if I don’t have enough foreign exchange on hand?
Gold for sale.
Exchanging gold for foreign exchange, these chaebols have a lot of gold in their hands, and the current price of gold is soaring, so it is the right time to take action.
So they exchanged large amounts of gold for foreign exchange.
You must know that their behavior is completely transparent in front of Chen Fan.
Because any operation may cause market changes.
They sell gold in exchange for foreign exchange, and the price of gold falls. This is the basic law of the market.
Seeing that the price of gold was about to fall, Chen Fan could certainly predict their next move.
"Mr. Ning, bring down the international gold price in advance."
After the last round of fluctuations, Feifei Group has repeatedly operated in the market, and now they have more gold than they can count. In addition, the five major gold mines have accumulated a large amount of gold.
Therefore, without waiting for the chaebol families in South Korea to take action, Ning Xuecheng took the lead in selling gold in the international market.
When these chaebol families were preparing to take action, they took a look at the international gold price and thought, holy shit!
Damn it, the price of gold has plummeted.
They all looked at each other, how could they have fun?
Selling at a low price?
You must know that they rely on gold to exchange for foreign exchange. The lower the price, the less foreign exchange they can exchange.
So they hesitated.
Zhao Linlin took advantage of this opportunity to short-sell their stock market and foreign exchange, and Davidson also increased his bets.
When encountering this situation, what makes them most desperate is that those clever guys who jumped in to buy the bottom the day before were still congratulating themselves on picking up the cheapest chips yesterday, but today the market continues to plummet at the opening.
They also got involved, and some of them were covering their positions. They didn't lose much at first, but now they are losing more and more as they cover their positions.
The foreign exchange market fell sharply, and the stock market continued to fall...
The entire financial market was in chaos, and the big chaebols gritted their teeth and had to sell their gold at low prices in exchange for foreign exchange.
At this time, the most magical scene in the world appeared.
Large numbers of Donghua aunties are flocking to South Korea, and their tourism industry is actually rising against the market trend. There are countless Donghua aunties traveling to and from South Korea every day.
These people flocked to gold and silver jewelry stores in South Korea and sold out all the gold in the stores.
This scene is so amazing. The chaebols of South Korea were once worried that no one would take over the gold they had thrown away. However, when Aunt Donghua came, all the gold was gone instantly.
"Close the position! Go long on the backhand, then go short."
Chen Fan issued an order for Davidson and others to switch quickly.
Because after selling gold, they have a large amount of foreign exchange in their hands, and they will definitely protect the market.
In fact, the same is true for what Chen Fan saw.
The market will rebound for at least two days in the next two days, taking this opportunity to harvest them again.
But the stock market is on hold because this rebound is limited and there won't be much room.
Moreover, this operation is not cost-effective. They can be allowed to rebound a little and release the pressure before launching a second wave.
With the joint support of these plutocratic forces, the exchange rate was pulled back little by little, but there was still a big gap from the previous normal exchange rate.
Davidson kept looking at the board, and he felt a lot this time.
It's just that he couldn't control this scale and felt very confused.
His state is similar to that of most investors. Investors don't know where the low point is and where the high point is.
If you are not careful, you will fall into it.
This wave of foreign exchange rebound has only increased by 700 points.
What followed was another wave of vigorous suppression.
Countless short orders swept in, and the momentum was bigger and more fierce than before.
Many foreign exchange speculators can feel the suffocation and despair across the screen, which can be described by a lyric by Donghua.
I can't escape, I can't love...
If this continues, the South Korean dollar will collapse and become a piece of waste paper.
This will directly lead to the collapse of the entire financial system.
South Korean management and several major chaebols held an emergency meeting to discuss countermeasures overnight.
The last resort is to decouple.
Otherwise, it will cause domestic price increases and inflation, causing immeasurable losses.
Ordinary people must use their own national currency, but the national currency is no longer valuable. If they take one dollar of international currency, they can exchange it for countless South Korean dollars, and then buy you things that are originally worth more than one dollar.
This is a kind of robbery!
This meeting lasted for two days and two nights, but still no effective results were achieved.
At this moment, someone discovered a problem and said, "No, they are acquiring our assets."
After hearing this news, several major chaebol families couldn't sit still.
Only now did they suddenly realize that this was what they came for.
Bring the entire financial system to its knees and then take the opportunity to acquire their cheap assets.
Then these enterprises become foreign-invested enterprises.
What a good calculation.
But at this moment, Pu Yaxi was very excited. The short orders she entered had already made a lot of profits.
Due to the large leverage, at least fifty times the profit can be obtained.
This woman is also smart and talented. She will close her position and leave regardless of the coming market.
Currently, the funds in her hands have reached about one-third of what the entire family had at its peak.
This also means that even if the entire family collapses, she can still save one-third of the family's strength.
At this moment, the other families are probably already bleeding and miserable.
So in this battle, she is also the winner.
Of course, she couldn't say this kind of thing, otherwise other families would attack her.
Although her operation is very selfish, it is a way to protect herself.
Pu Yaxi doesn't want to announce this amount of money for the time being. She needs to find a suitable opportunity to have a showdown with her family.
It can also be said that this is her life-saving talisman.
Use this money in exchange for your absolute freedom and power.
At this moment, Zhao Linlin looked at the results on the board and nodded with great accomplishment.