The battle in the foreign exchange market completely subsided within a week or two.
In fact, after March 13th, it was basically a small fight, fighting with those people who have particularly long and slow reflex arcs, or who like to think too much and are neurotic.
It can only be said that people in Xiangjiang are too enthusiastic about finance. All the aunts and uncles here are speculating in stocks, and at least half of them have ever been involved in foreign exchange. Some people don’t care about the interests of the family and the country, they just want to get involved, and in the end they even ask their "masters"
I didn’t even know Ross had withdrawn.
There are also rumors that Soros is only retreating tactically, just to prepare for a bigger offensive, and then he will surrender to foreign investors.
There is no way, money is inherently profit-seeking and maximizing.
Gu Kun easily harvested another wave of Soros's small funds, and gradually increased his total after-tax capital to 4.5 billion US dollars. (Fund management fees are also excluded)
In other words, I made an additional five to six billion compared to the beginning.
Gu Kun can responsibly say that these five to six billion were not earned from Soros, but from those who sided with Soros.
At first, he felt a little pity in his heart, but gradually he didn't care anymore.
He began to understand why, in the previous actions to protect the Hong Kong stock market, he did not really pursue the poor to the highest level, forcing Soros to go bankrupt.
There are so many distraught people.
The national team wants to protect the market, but if the performance is really so resolute, will the private sector be willing to follow through to the end? Impossible.
In the end, whoever is more determined to protect the market will be trapped in a high position and no one will take over.
This is a game where whoever is firm will suffer. Only those who adapt to changes in the middle can maximize their profits.
Therefore, in history, the national team's protective funds were collected as soon as they were good, so as not to let the Hang Seng Index collapse and not lose any money.
If Soros and the national team are making money, then it is because of these little losers. There is nothing to sympathize with about the losers in Xiangjiang. They are here for it.
Gu Kun's heart gradually became cold-blooded after experiencing a lot.
…
The words are divided into two parts. While the war in the foreign exchange market is gradually subsided, the turmoil in the stock market has just become intense.
On August 13, the day after the new round of disguised interest rate hikes, the Hang Seng Index had already fallen below the 10,000-point mark, falling to 9,900, a single-day drop of 400 points, equivalent to an average decline of 4% for the broader market.
This ratio, if placed in the mainland, would already be terrifying.
However, Hong Kong stocks and mature Western stock markets do not have a price limit system and are not capped at 10%, so it is not too exaggerated.
The problem is that the fall of the 10,000-point mark will have a great impact on the direction of public confidence.
"This disguised interest rate hike has an obvious effect on draining funds. Everyone must have withdrawn money from the stock market and deposited it in banks."
Rumors like this spread wildly throughout the city of Xiangjiang.
Many simple people don't believe it at first glance: "Isn't that true? This disguised interest rate increase only changes 0.5% on the books. If you save 100,000 yuan for one year, the interest will be 500 yuan higher than before. The effect is
Is it so obvious?"
However, at this time those astute sources will say: "The account cannot be calculated like this. This specific algorithm for disguised interest rate increase has a bonus effect. The difference between 100,000 and 2,000 per year may be one or two thousand - this is not the key, the key is
The thing is, the Hong Kong dollar has now risen again.
If the Hong Kong dollar rises another 20 cents against the US dollar, depositing it for one year will be equivalent to 3% more interest. If you deposit it in a bank or buy local currency bonds, it will be convenient to move in and out quickly when the foreign exchange market fluctuates. If you put your money in
In the stock market, if you wait until the currency market fluctuates, if you want to rush out, you will have to cut your flesh!"
"Eh? It seems to make sense. Since the exchange rate has gone back up and the interest rates are high, let's hold the currency and wait and see."
"That's right! Besides, the world is afraid that if everyone thinks this way, then the stock market will definitely collapse. If you don't interpret it this way, you can't stand other people interpreting it this way. You can't stand other people thinking you will interpret it this way!"
After such a contest between treacherous people trying to figure out each other's treachery, could the stock market not collapse?
Okay, another chain of suspicion!
This is what is called "Nowadays, there are no leeks in the field. They all think that they are like sickles and will run away at the slightest sign of trouble. Even if the problem is not serious and there is no need to run, you are afraid that others will think you are going to run away."
The people in Xiangjiang are at least 20 years ahead of the mainland in their level of frightened people. They have been harvested for many years.
It's just that there are rank differences between sickles and sickles, and sickles can also cut each other to determine the outcome.
Some rusty sickles thought that there were still leeks in the market, so they entered the market. However, at first glance, they found that the rusty sickles were only the weakest, while others were iron sickles, stainless steel sickles, titanium alloy sickles, and krypton gold sickles.
Yes, the rusty sickles and ordinary iron sickles were cut off one after another, and the owners of the titanium alloy sickles were used to resmelt and sell them for money.
Therefore, the same disguised interest rate hike of 0.5% may only affect the mainland stock market by a few percent, but when it comes to Hong Kong, it will be amplified by the chain of suspicion to at least 10% or even 20%.
Due to the constraints of the foreign exchange market, Gu Kun basically didn't focus on the stock market until halfway through late March, so when he came in, the scene was already quite a mess.
March 14th and 15th were weekends, and the Hong Kong stock market was also a stock market, and it was also closed, so I thought about it. On the 16th, it gathered momentum and fell directly to 9,200 points, a drop of 600 points in one day, which was better than the reaction on the interest rate hike day before the weekend.
Still violent.
On 17/18, some local real estate stock tycoons were trying to save their own companies - not to save the market, but some blue-chip stock tycoons and related households were seeking to save themselves and stabilized some individual stocks. But there was no such thing as the market.
For non-blue-chip stocks, the downward trend has basically not slowed down.
On average, it dropped about 200 points a day. By the end of the week on March 20, the Hang Seng Index stopped at 8,300 points. The total drop in the four trading days after that week was 900 points.
On March 23, another trading week began. By Wednesday of that week, when all Gu Kun's combat power had been transferred, he saw a market that had fallen below the 8,000-point mark.
Liang Jinsong reported the latest data to major customers:
"The Hang Seng Index opened at 7920 points today and is currently at 7797 points. It quickly jumped by more than 120 points after the opening. It seems that the situation is still not optimistic - it is still a bit early for us to open a position. Fortunately, we did not open a position more than half a month ago.
I made a move and chose to remit first and then make stocks, otherwise I’m afraid I would have lost more than a thousand points by now.”
"If you only arbitrage more than a thousand points, you will still have a chance to make money back when Soros retreats in the future, but the profit will definitely be greatly reduced. It is of course good to be able to arbitrage less."
Gu Kun complained casually, and after sighing for a while, he continued to ask for inside information: "There is no inside information about the national team's funds going out to protect the market, right? Several major real estate families are considering expanding beyond the scope of blue chip stocks.
Is the protection range?”
Liang Jinsong smiled and said: "You are just kidding. If there is news, it will be a crime of insider trading. How can we have news? The most we can do is sit down and have afternoon tea with Kung Fu Tea and talk about our worries about the business."
Some things must be polite at all times and cannot be said on the stage, even without recording.
Gu Kun grinned: "I just asked casually, I still can't believe you have news. At this time, there are more fake news than real news. Let's just see the trend ourselves."
Gu Kun feels that the current downward trend is still too strong. Since this week is already halfway through, he will hold the currency and wait and see to familiarize himself with the rhythm.
"Let's do this, just keep an eye on the market here for the past two days. If there is a trend of stopping the decline, you can enter the market with a small amount of funds to explore the way, just like when doing foreign exchange. However, if the downward trend does not slow down at all, you cannot kill the decline casually.
.Let’s first release some anonymous news in the field of public opinion to heighten the atmosphere——
Isn't this a crime? False news is flying all over the place, not considered insider trading, and Soros has also changed his previous style in the Thai baht and ringgit this time, and he has a lot to say. Those who are bearish say that the economic structure of Hong Kong is unhealthy.
There are so many defamatory remarks.”
It is not illegal in any country for laypeople to criticize and expose the current market trends.
As long as you don't fabricate false factual judgments, that's the bottom line, because it's just spreading rumors.
When it comes to value judgments, whatever you want to say, it's just free speech. Those dogs in Oceania like to say this the most. You can say whatever you want about whether others are healthy or unhealthy.
Of course Liang Jinsong knew the scale involved, so he said without surprise: "What remarks do you want to spread? How to spread it."
Gu Kun: "We speculated through other channels, 'thinking' that next week, or next week at the latest, someone will come to protect the market - we are not insider trading, this is completely speculation, in fact there will be no next week
Someone is here to protect the market, but we will enter the market tentatively."
Liang Jinsong thought for a while and nodded: "Of course there is no problem, but if no one comes to protect the market, we still can't beat Soros's short position and continue to fall? Then we will be slapped in the face? We will still lose money.
A lot of money."
"Losing money is a loss to us, and a slap in the face is a slap in the face to others." Gu Kun said with an understatement and a sinister smile.
"We will not announce our entry in a high-profile manner. Even if we are discovered that we have entered the market, we will only enter the market to protect the market because we are 'responding to the call'. We are here out of the spirit of unity between various regions in Southeast Asia."
We are the ones who saved the Hong Kong stock market. Even though we lost, we are honored, but the face slapped was the face of the one who called for it.”
Damn it! The caller did not secretly call for it at all! You obviously guessed that others would call for it, and you are fishing in troubled waters!
Liang Jinsong frowned tightly: "Isn't this not good? If the small businessmen think that the national team has come to protect the market and cannot withstand it, then the morale of the public will completely collapse, and I am afraid it will cause a bigger crisis.
Panic selling.”
Gu Kun pretended not to care and spread his hands: "What next?"
Liang Jinsong: "This is not serious enough? What else do you want next?"
Gu Kun: "So, if someone really wants to protect the market, they will definitely protect it if they delay it a little bit."
Gu Kun's advantage is that he knows that there must be a protector. This is his prophet of the reborn person.
The only thing I don't know is the timing and determination to protect the market.
So he wants to force the other party out.
To really put the situation in perspective, it depends on millions of retail investors, and no one dares to joke about their confidence.
"Well, maybe you're right."
Liang Jinsong followed the instructions of Gui Kun and spread commentary news everywhere (note that it is only commentary and represents only his personal views. It is speculation and does not assume the name of any authoritative publisher. The stock market is risky, so you need to be cautious when entering the market)
On the other hand, Gu Kun was also frantically searching for "blogs" (later known as blogs) that were in primitive operation on the Internet, and then spread through various channels to call on Southeast Asian capital to join forces and attack Soros.
Leaving him unable to find the next target.
During the two-day preparation period, the Hang Seng Index fell slightly by several hundred points, breaking through the 7,500-point mark.
After preparing for the relevant public opinion, on March 30, the Monday of the last trading week in March, Gu Kun felt that it was almost done. He decided to fully enter the Xiangjiang stock market and conduct a tentative sweep.