Looking at the price list sent by the analyst, Cyber said with some despair, "The local banks and securities companies in H country have no Korean won left in their inventory."
The Quantum Fund buys mostly short positions, and closing these positions requires buying a large amount of Korean won in the spot market.
Strangely, there are currently only buyers of Korean won in the H country's stock market, but no sellers of Korean won.
On the one hand, although the foreign exchange sector has improved, other sectors, such as environmental protection and commercial banking, have not seen a corresponding increase in their weighted stocks due to pessimistic views on the appreciation of various assets in H country.
With neither appreciation nor depreciation, speculators holding positions naturally won't make a move.
The Korea Composite Stock Price Index (KOSPI) continues to fluctuate between 500 and 520. However, the Korea Financial Supervisory Authority is somewhat relieved that since the vanguard of the attack on the Korean won withdrew, the index has not shown any signs of decline.
After a day of research, Robertson finally discovered that the reason why the Korean won exchange rate was appreciating but the H country's composite index did not rise accordingly was that almost all sectors of the H country's stock market that were related to the weight of the Korean won had a large number of buyers and few sellers.
"Immediately shift the focus of closing out positions to other markets," Robertson ordered. "Buy Korean won from markets in Europe and North America to close out positions."
Buying Korean won from European and American markets means incurring transaction fees and huge margin requirements.
"Robert, you're in charge of the European market. Billy King, you're in charge of the North American market. The rest of you will focus on Southeast Asia and the domestic market in Country H."
"yes!"
......
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