While China and Hong Kong were suffering from natural disasters and man-made calamities, Robertson and Soros used the Federal Reserve to carry out a series of market interventions, finally stabilizing the market.
At this point, their efforts to absorb Korean won to close out their positions were already at their limit. Fortunately, after the Korean won briefly rebounded, they immediately spent a lot of money to buy Korean won spot to close out their positions.
With the support of American policies and the help of professionals, Soros' Quantum Fund and Robertson's Tiger Fund finally withdrew from the South Korean stock market.
When closing the last deal, Soros closed his eyes, his face grim, while the Quantum Fund attendees at the meeting also maintained serious expressions.
“This time, our attack on the Korean won market not only failed to make money, but we even lost tens of millions of dollars,” Cyber sighed. “I don’t know if it’s because our decision-making is incompetent, or because there are too many external factors in the Korean won market.”
When they left the Korean won market, they had already confirmed that the vanguard that had attacked the Korean won stock index futures was Dragon Soong.
If they had followed their usual practice of shorting a country's currency, there wouldn't have been any surprises. Furthermore, H country was undergoing financial reforms, its policies were unstable, and its cash flow was weak; conventional market manipulation tactics could have resolved the situation. However, this time, the vanguard gave them several incorrect pieces of information, causing them to exit at the wrong time.
Therefore, Cyber emphasizes the external factors in the Korean won market.
"When preparing for our next attack target, we must avoid being led by the nose by others."
"Otherwise, we will experience the same situation in the Korean won market again."
Upon hearing this, almost everyone agreed.
Then, one of the more outspoken employees asked, "So, where will we go for our next battleground?"
Soros, his face grim, said, "Hong Kong."
......
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